Inspired Energy (AIM: INSE), a leading energy procurement consultant to UK corporates and SMEs, announces that the Board has today approved the grant of 1,750,000 options under the Group’s 2011 Share Option Scheme to Paul Connor, Finance Director of the Group. The options have an exercise price of 12.50p. The options vest in four equal tranches following release of the Group’s financial results for 31 December 2016, 30 June 2017, 31 December 2017 and 30 June 2018.

 

Director Number of options Exercise price (p) Vesting date Expiry date
Paul Connor 437,500 12.50 Following release of the results for the year ending 31 December 2016 7 April 2026
Paul Connor 437,500 12.50 Following release of the results for 6 months ending 30 June 2017 7 April 2026
Paul Connor 437,500 12.50 Following release of the results for the year ending 31 December 2017 7 April 2026
Paul Connor 437,500 12.50 Following release of the results for 6 months ending 30 June 2018 7 April 2026

 

The exercise price was set based on the closing mid-market price of the ordinary shares on 6 April 2016. The options vest subject to continued employment within the Group. Following the grant of the options Paul Connor holds options over 5,500,000 Ordinary Shares. Paul Connor does not currently hold any Ordinary Shares in the Company.

 

Enquiries please contact:

Inspired Energy plc

Janet Thornton, Managing Director

Paul Connor, Finance Director

David Foreman, Corporate Development Director

www.inspiredenergy.co.uk

+44 (0) 1772 689250

 

+44 (0) 7717 707 201

 

Shore Capital

Bidhi Bhoma

Edward Mansfield

 

 +44 (0) 20 7408 4090

 

Panmure Gordon (Joint Broker)

Ben Turner

Mark Taylor

 

+44 (0) 20 7886 2500

 

Gable Communications

Justine James

John Bick

+44 (0) 20 7193 7463

+44 (0) 7525 324431

[email protected]

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