Proposed acquisition of Horizon Energy Group Limited,

Proposed placing to raise up to £9.0 million and entry into new banking facilities

Inspired (AIM: INSE), a leading energy procurement consultant to UK corporates, announces that it has conditionally agreed to acquire Horizon Energy Group Limited (“Horizon”), a corporate energy procurement consultant based in Cork, Ireland with customers including large Corporates, Public Sector bodies and SMEs (the “Acquisition”).  In addition and in connection with the Acquisition, the Company proposes to raise up to £9.0 million by way of a placing of new ordinary shares and has entered into a new facility agreement with Santander in order to refinance its existing borrowings and to provide further headroom for the Company’s future growth and acquisition strategy…

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Read the full RNS statement here

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