28/11/2011 The London Stock Exchange welcomes Inspired Energy plc to AIM
The London Stock Exchange today welcomes Inspired Energy on its first day of trading on the AIM Market of the London Stock Exchange.
Admission and trading of Inspired Energy’s ordinary shares commenced today on the AIM market of the London Stock Exchange (“Admission”). The Company has raised approximately £3.4 million before expenses by way of a placing of 111,651,668 new Ordinary Shares at 3 pence per ordinary share, giving it a market capitalisation of approximately £10.6 million on Admission.
Inspired Energy was founded by Janet Thornton, Managing Director in 2000. Inspired Energy provides energy purchasing, management and consultancy services to the ‘energy intensive’ UK mid corporate market. The Company currently manages and negotiates approximately 800 gas and electricity supply agreements on behalf of approximately 460 customers across the UK and is well placed to take part in the consolidation opportunities available in the sector.
Commenting on the Company’s Admission, Janet Thornton, Managing Director, said:
“Joining AIM today provides Inspired Energy with an excellent springboard for the company’s next phase of growth as we continue to build its profile amongst our growing customer base in the UK market. We offer a range of services and products which help corporate energy users tailor their energy requirements and ultimately enable them to manage their overall energy costs more efficiently.”