IN BRIEF: Inspired aims to raise GBP28.3 million from fund raise
16th Dec 2024 20:16
Inspired PLC - Lancashire, England-based sustainability and energy advisor - Plans to raise up to GBP28.3 million. Includes GBP21.3 million placing at 40 pence per share, a GBP5 million sale of convertible loan notes and GBP2 million retail offer. Proceeds will be used to strengthen the balance sheet and help Inspired pursue and achieve a consolidated net debt/earnings before interest, tax, depreciation and amortisation ratio towards 1:1 by the end of financial 2025 or earlier. On completion, the net adjusted leverage ratio is expected to be under 1.5x. Directors intend to subscribe for GBP408,880 under the placing. Read More