Inspired Capital PLC Exercise of Options (4201W)
August 18 2015 - 12:25PM
UK Regulatory
TIDMINSC
RNS Number : 4201W
Inspired Capital PLC
18 August 2015
18 August 2015
Inspired Capital plc
("Inspired" or the "Company")
Exercise of Options
The Company has applied for 2,806,750 ordinary shares of 10p
each ("Ordinary Shares") to be admitted to trading on AIM
("Admission"). The new Ordinary Shares are being issued in relation
to the exercise of options by employees of the Company granted
under the Company's share option plans. It is expected that
Admission will become effective and that dealings will commence in
the new Ordinary Shares at 8.00 a.m. on 24(th) August 2015.
As part of the exercise of options, Jeremy Coombes, the Chief
Operating Officer of the Company, has exercised options over
1,800,000 Ordinary Shares at a price of 20 pence per Ordinary
Share. As a result of this exercise of options, Mr Coombes is
interested in 1,800,000 Ordinary Shares, which represents
approximately 0.82 per cent of the current issued ordinary share
capital of the Company held outside of treasury. However, Mr
Coombes has elected to accept the recommended offer made by Bentley
Park (UK) Limited for the Company's ordinary shares in respect of
those 1,800,000 Ordinary Shares.
Following Admission, the Company's issued ordinary share capital
will consist of 266,798,624 Ordinary Shares. The Company holds
44,951,780 of these Ordinary Shares in Treasury. The total number
of current voting rights in the Company will therefore be
221,846,844 following Admission.
The above figure (221,846,844 ordinary shares) may be used by
shareholders as the denominator for the calculation by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the Company under the FCA's
Disclosure and Transparency Rules.
For further information please contact:
Inspired Capital plc Via Newgate
Ron Robson
Neil McMyn
+44 (0) 20 7397
Cenkos Securities 8900
Max Hartley (Corporate Finance)
Julian Morse (Sales)
+44 (0) 20 7653
Newgate Threadneedle 9850
Tim Thompson
Jasper Randall
Andre Hamlyn
About Inspired Capital plc
Inspired Capital is building by organic growth and acquisition a
new customer-friendly force in SME lending by deploying long term
capital. There is an opportunity to grow considerably in an
underserved sector, with SMEs traditionally finding credit
difficult to access from the major clearing banks that often focus
on the security and stability of retail and larger corporate
lending.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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