Grant of options and Director/PDMR shareholding
Inspired Energy (AIM: INSE), a leading energy procurement consultant to UK corporates and SMEs, announces that the Board has today approved the grant of 3,000,000 options under the Group’s 2011 Share Option Scheme to Paul Connor, Finance Director, and certain employees of the Group. The options have an exercise price of 13.375p. The options vest in […]
Inspired Energy (AIM: INSE), a leading energy procurement consultant to UK corporates and SMEs, announces that the Board has today approved the grant of 3,000,000 options under the Group’s 2011 Share Option Scheme to Paul Connor, Finance Director, and certain employees of the Group. The options have an exercise price of 13.375p. 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 | 500,000 | 13.375 | Following release of the results for the year ending 31 December 2016 | 22 December 2025 |
| Paul Connor | 500,000 | 13.375 | Following release of the results for 6 months ending 30 June 2017 | 22 December 2025 |
| Paul Connor | 500,000 | 13.375 | Following release of the results for the year ending 31 December 2017 | 22 December 2025 |
| Paul Connor | 500,000 | 13.375 | Following release of the results for 6 months ending 30 June 2018 | 22 December 2025 |
The exercise price was set based on the closing mid-market price of the ordinary shares on 21 December 2015. The options vest subject to continued employment within the Group. Following the grant of the options Paul Connor holds options over 4,500,000 Ordinary Shares. Paul Connor does not currently hold any Ordinary Shares in the Company.
Enquiries:
Inspired Energy plc www.inspiredenergy.co.uk
Janet Thornton, Managing Director +44 (0) 1772 689250
Paul Connor, Finance Director
David Foreman, Corporate Development Director +44 (0) 7717 707 201
Shore Capital +44 (0) 20 7408 4090
Bidhi Bhoma
Edward Mansfield
Panmure Gordon (Joint Broker) +44 (0) 20 7886 2500
Ben Thorne
Mark Taylor
Gable Communications +44 (0) 20 7193 7463
Justine James +44 (0) 7525 324431
John Bick [email protected]
