28th Jul 2020 21:32
Inspired Energy PLC - Lancashire-based energy procurement consultant - Completes open offer by issuing 8.8 million shares, reflecting a take-up of 26% of maximum number of open offer shares availiable. As a result, has raised total gross proceeds of GBP31.3 million through placing earlier in July and open offer. Proceeds are for funding acquisition of the outstanding 60% of Ignite Energy Ltd for an initial consideration of GBP11 million on a debt free cash free basis.
Current stock price: 14.70 pence
Year-to-date change: down 19%
By Dayo Laniyan; [email protected]
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