21st May 2025 14:35
Inspired PLC - Isle of Man-based energy and sustainability advisor - Says its board unanimously rejects Regent Acquisitions 2025 Ltd's "wholly inadequate" takeover offer and advises shareholders takes no action. Inspired believes Regent's offer "fundamentally undervalues" the company and its prospects, and says Regent's offer "is an attempt to take control without paying a proper premium". Inspired also notes that Regent taking control of the company "may not be in the best interests of other shareholders". Over 49% of Inspired shareholders have indicated they do not intend to accept Regent's offer.
Regent at the end of April had offered 68.50 pence per share in cash, valuing Inspired's total share capital at GBP109.4 million. Inspired said at the time it had no knowledge of the offer prior to the announcement being released.
Inspired adds that it is currently in talks with a third party regarding a possible offer for the company at a price above Regent's offer.
Current stock price: 68.00 pence, down 0.7% in London on Wednesday afternoon
12-month change: down 26%
By Emily Parsons, Alliance News reporter
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