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Inspired Energy PLC  -  INSE   

Employee Share Scheme

Released 07:00 24-Oct-2017

RNS Number : 3932U
Inspired Energy PLC
24 October 2017
 

Inspired Energy plc

("Inspired" or the "Company")

 

Employee Share Scheme

 

Inspired Energy (AIM: INSE), a leading UK energy procurement consultant to UK and Irish corporates and SMEs, is pleased to announce that it has launched a Save as You Earn share scheme for all eligible employees (the "SAYE Scheme"). Under the SAYE Scheme, employees have been offered the opportunity to participate in the future growth of the Company through the granting of share options.

 

Eligible employees were invited to subscribe for options over ordinary shares of 0.125 pence each ("Ordinary Shares") with an exercise price of 14.60 pence per Ordinary Share, representing a 20 per cent discount to the closing mid-market price of the Ordinary Shares on 20 October 2017. The options have a savings contract start date of 1 December 2017 and are exercisable between 1 December 2020 and 31 May 2021. 

 

Out of 204 eligible employees, 99 elected to participate in the SAYE Scheme and, pursuant to this, a grant of 4,927,512 options over Ordinary Shares has been made on 23 October 2017, equating to 0.87 per cent of the current issued share capital of 569,116,574 Ordinary Shares.

 

As a HMRC approved scheme, eligible employees included all UK based employees who have been employed by the Group for six months or more.

 

Mark Dickinson, Chief Executive Officer, commented:

 

"I am delighted that so many of Inspired's employees have chosen to participate in the future growth of our company via this SAYE Scheme. In doing so, they are further aligning their interests with those of all shareholders."

 

Enquiries:   

 

Inspired Energy plc

Mark Dickinson  (Chief Executive Officer)

Paul Connor (Finance Director)

www.inspiredenergy.co.uk

+44 (0) 1772 689250

Shore Capital (Nominated Adviser and Joint Broker)

Dru Danford

Edward Mansfield

 +44 (0) 20 7408 4090

 

Panmure Gordon (Joint Broker)

Ben Thorne

James Stearns

+44 (0) 20 7886 2500

Gable Communications

Justine James

John Bick

+44 (0) 20 7193 7463

+44 (0) 7525 324431

inspired@gablecommunications.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Employee Share Scheme - RNS