7th Jan 2025 15:58
Inspired PLC - Lancashire, England-based sustainability and energy advisor - Says that following the passing of annual general meeting resolutions, it will allot and issue 53.1 million shares raising GBP21.25 million as part of its previously announced placing. Company will also issue 1.0 million shares as part of a retail offering to raise GBP410,000. Expects admission of placing and retail shares to trading on AIM at 08.00 on Wednesday. Says Chief Executive Officer Mark Dickinson participates in the placing to the amount of 394,860 shares at 0.40p raising GBP157,944. Chief Financial Officer Paul Connor also participates to the effect of 137,500 shares at the same placing price, raising GBP55,000. Inspired expects to use the proceeds for various purposes including de-leveraging, working capital investment and liquidity. Says largest shareholder Gresham House Asset Management Ltd will have approximately 29% holding in the company's enlarged share capital following the admission of shares. Adds that this can rise to approximately 38% upon the exercise of warrants and convertible loan notes. Read More
