Inspired PLC

Director's Dealing • Jan 31, 2023

National Storage Mechanism | Additional information

RNS Number : 3260O

Inspired PLC

31 January 2023

31 January 2023

Inspired PLC

("Inspired " or the "Group")

Director Share Purchases and Exercise of Options by the Board

Inspired (AIM: INSE), a leading technology enabled service provider supporting businesses in their drive to net zero, controlling energy costs and managing their response to climate change, announces that members of the Board have purchased ordinary shares of 0.125p each in the Group ("Ordinary Shares") and exercised options over Ordinary Shares under the Group's 2017 Long Term Incentive Plan ("LTIP").

Mark Dickinson (CEO) and Paul Connor (CFO) (together the "Executives") have exercised in aggregate 5,320,000 Ordinary Shares under the Group's LTIP. The Group's share price at the time of the exercise of options was 9.15p and the exercise price of the options was the nominal value of the Ordinary Shares. The 5,320,000 Ordinary Shares are currently held by the Inspired Energy EBT and will be transferred to the Executives as part of their exercise under the LTIP. In addition, Mark Dickinson has purchased 479,966 Ordinary Shares at an average price of 10.41 pence per Ordinary Shares on 30 January 2023.

As a result, the Executives have increased their shareholding in the Group, in aggregate, by 5,799,966 Ordinary Shares, with Mark Dickinson increasing his interest to 6,614,276 Ordinary Shares and Paul Connor to 2,725,000 Ordinary Shares.

In addition, the following non-executive directors have purchased Ordinary Shares as follows:

·    Richard Logan, Non-Executive Chair, purchased 288,193 ordinary shares at a price of 10.375 pence per Ordinary Share on 30 January 2023. Following this transaction, Richard Logan holds 748,021 Ordinary Shares in the Company.

·     Sangita Shah, Non-Executive Director, and her spouse, collectively purchased 287,769 Ordinary Shares at a price of 10.425 pence per Ordinary Share on 30 January 2023. Following this transaction, Sangita Shah and her spouse together hold 415,974 Ordinary Shares in the Company.

·    Dianne Walker, Non-Executive Director, purchased 90,969 Ordinary Shares at a price of 10.32 pence per Ordinary Share on 30 January 2023. Following this transaction, Diane Walker holds 90,969 Ordinary Shares in the Company.

A summary of the above transactions is set out below:

Name	Ordinary Shares held	Ordinary Shares transferred from Inspired EBT pursuant to the exercise (Note 1)	Ordinary Shares purchased	Resultant holding
Ordinary Shares	% of issued share capital
Mark Dickinson	2,539,310	3,595,000	479,966	6,614,276	0.68%
Paul Connor	1,000,000	1,725,000	-	2,725,000	0.28%
Richard Logan	459,828	-	288,193	748,021	0.08%
Sangita Shah/spouse of Sangita Shah	128,205	-	287,769	415,974	0.04%
Dianne Walker	-	-	90,969	90,969	0.01%
Total	4,127,343	5,320,000	1,146,897	10,594,240	1.09%

Note:

1.     The exercise of the 5,320,000 options was subject to income tax including employers NIC (resulting in an effective 55% tax rate).

Full details as required under the Market Abuse Regulation are set out below.

Enquiries please contact:

Inspired PLC Mark Dickinson (Chief Executive Officer) Paul Connor (Chief Financial Officer) David Cockshott (Chief Operating Officer)	www.inspiredplc.co.uk +44 (0) 1772 689250
Shore Capital (Nominated Adviser and Joint Broker) Patrick Castle James Thomas	+44 (0) 20 7408 4090
Peel Hunt LLP (Joint Broker) Mike Bell Ed Allsopp	+44 (0) 20 7418 8900
Alma PR Justine James Hannah Campbell Will Ellis Hancock	+44 (0) 20 3405 0205 +44 (0) 7525 324431 inspired@almapr.co.uk

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Dickinson

2

Reason for the notification

a)

Position/status

CEO

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inspired PLC

b)

LEI

2138009UAKLCYEQPM829

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.125p each in Inspired PLC

GB00B5TZC716.

b)

Nature of the transaction

Exercise of options over Ordinary Shares

c)

Price(s) and volume(s)

Exercise Price	Volume(s)
0.125p	3,595,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

30 January 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Dickinson

2

Reason for the notification

a)

Position/status

CEO

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inspired PLC

b)

LEI

2138009UAKLCYEQPM829

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.125p each in Inspired PLC

GB00B5TZC716.

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
10.41p	479,966

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

30 January 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Paul Connor

2

Reason for the notification

a)

Position/status

CFO

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inspired PLC

b)

LEI

2138009UAKLCYEQPM829

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.125p each in Inspired PLC

GB00B5TZC716.

b)

Nature of the transaction

Exercise of options over Ordinary Shares

c)

Price(s) and volume(s)

Exercise price	Volume(s)
0.125p	1,725,000

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

30 January 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Richard Logan

2

Reason for the notification

a)

Position/status

Non-Executive Chair

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inspired PLC

b)

LEI

2138009UAKLCYEQPM829

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.125p each in Inspired PLC

GB00B5TZC716.

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
10.375p	288,193

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

30 January 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Philip Dembo the spouse of Sangita Shah

2

Reason for the notification

a)

Position/status

Person Closely Associated with a Non-Executive Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inspired PLC

b)

LEI

2138009UAKLCYEQPM829

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.125p each in Inspired PLC

GB00B5TZC716.

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
10.425p	95,923

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

30 January 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Sangita Shah

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inspired PLC

b)

LEI

2138009UAKLCYEQPM829

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.125p each in Inspired PLC

GB00B5TZC716.

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
10.425p	191,846

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

30 January 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dianne Walker

2

Reason for the notification

a)

Position/status

Non-Executive Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Inspired PLC

b)

LEI

2138009UAKLCYEQPM829

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 0.125p each in Inspired PLC

GB00B5TZC716.

b)

Nature of the transaction

Purchase of shares

c)

Price(s) and volume(s)

Price(s)	Volume(s)
10.32p	90,969

d)

Aggregated information

- Aggregated volume

- Price

N/A (single transaction)

e)

Date of the transaction

30 January 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

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