INSPIRIT ENERGY HOLDINGS PLC

Share Issue/Capital Change • May 28, 2024

National Storage Mechanism | Additional information

RNS Number : 1448Q

Inspirit Energy Holdings PLC

28 May 2024

28th May 2024

Inspirit Energy Holdings plc

("Inspirit Energy", "Inspirit" or the "Company")

Placing and director dealings

Issue of Equity & TVR

Inspirit Energy Holdings plc, the AIM listed developer of micro combined heat and power boilers and waste energy heat recovery engines ("WHR"), is pleased to announce that it has raised £235,000 through the placing (the "Placing") of 1,958,333,334 ordinary shares of 0.001 pence each in the share capital of the Company ("Ordinary Shares") at 0.012 pence per Ordinary Share (the "Placing Shares") with the proceeds of the fundraise to be used for work on finalising development of the WHR engine and general working capital purposes.

Director dealings

John Gunn, the Company's Chairman and Chief Executive Officer will participate in the Placing by subscribing for 416,666,667 shares and Nilesh Jagatia, the Company's Chief Financial Officer, will be subscribing for 41,666,667 shares. After the Placing, John Gunn will directly and indirectly have a  holding of  1,748,070,030 Ordinary Shares representing an interest of 21.20%  and,  Nilesh Jagatia will have a holding of 106,523,809 Ordinary Shares representing an interest of 1.29% of the enlarged issued share capital. John Gunn's shares as held as follows: 203,421,382 through GIS in which John Gunn has a majority interest and 1,544,648,648 directly in his own name.

Related Party Transactions

The participation in the Placing by John Gunn and Nilesh Jagatia, both Directors of the Company, is classified as a transaction with a related party for the purposes of the AIM Rules. In accordance, therefore, with the AIM Rules, the independent director, being Paul Needley, having consulted with the Company's nominated adviser confirms that the terms of their participation in the Placing are fair and reasonable insofar as shareholders are concerned.

Application will be made for the 1,958,333,334 Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or about 4 June 2024. The shares will rank pari passu in all respects with the existing Ordinary Shares of the Company.

Total voting rights

Following admission of the Placing Shares, the Company's enlarged issued share capital will comprise 8,245,524,230 Ordinary Shares. The Company does not hold any shares in treasury. This figure of 8,245,524,230 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014)  AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

More information on Inspirit Energy can be seen at: www.inspirit-energy.com

For further information please contact:

Inspirit Energy Holdings plc
John Gunn, Chairman and CEO	+44 (0) 207 048 9400
Beaumont Cornish Limited  www.beaumontcornish.com (Nominated Advisor)
Roland Cornish / James Biddle	+44 (0) 207 628 3396
Global Investment Strategy UK Ltd (Broker) Samantha Esqulant	+44 (0) 207 048 9045

John Gunn

1

Details  of   t he   p erson   disc harging   managerial   responsib ilities  /   p erson   closely associated

a)

Name

John Gunn

2

Reason for notification

a)

Position / status

Director

b)

I nitial notification

/Amendment

Initial

3

Details of  t he issu er,  e mission allow a n ce  m a r k et  participan t, au ct ionplat for m, au ction eer or auc tion  monitor

a)

Name

Inspirit Energy Holdings  plc

b)

LEI

LEI: 2138003WD884IOTL5X04

4

Details of  t he  t ransact ion (s): section  to  be  re p eated  for  ( i)  e a ch  type ofinstr u m e n t; (ii)  each  type of  transac tion;  (iii)  each  date; and  ( iv)  each  place w h ere  transactions have  b een  condu cted

a)

Description  of  the financial instrument, t ype of instrument

I d e ntification code

Ordinary shares of 0.001 pence each in Inspirit Energy Holdings  plc

ISIN GB00B44W9L31

Nature of the transaction

Acquisition of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)	Volumes(s)
0.012 pence	416,666,667

d)

Aggregated information

n/a

e)

Date of the transaction

28/5/2024

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

Nilesh Jagatia

1

Details  of   t he   p erson   disc harging   managerial   responsib ilities  /   p erson   closely associated

a)

Name

Nilesh Jagatia

2

Reason for notification

a)

Position / status

Director

b)

I nitial notification

/Amendment

Initial

3

Details of  t he issu er,  e mission allow a n ce  m a r k et  participan t, au ct ionplat for m, au ction eer or auc tion  monitor

a)

Name

Inspirit Energy Holdings  plc

b)

LEI

LEI: 2138003WD884IOTL5X04

4

Details of  t he  t ransact ion (s): section  to  be  re p eated  for  ( i)  e a ch  type ofinstr u m e n t; (ii)  each  type of  transac tion;  (iii)  each  date; and  ( iv)  each  place w h ere  transactions have  b een  condu cted

a)

Description  of  the financial instrument, t ype of instrument

I d e ntification code

Ordinary shares of 0.001 pence each in Inspirit Energy Holdings  plc

ISIN GB00B44W9L31

Nature of the transaction

Acquisition of Ordinary Shares

c)

Price(s) and volumes(s)

Price(s)	Volumes(s)
0.012 pence	41,666,667

d)

Aggregated information

n/a

e)

Date of the transaction

28/5/2024

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

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