Inspirit Energy Holdings PLC Placing (9591Z)
27 Maggio 2021 - 8:00AM
UK Regulatory
TIDMINSP
RNS Number : 9591Z
Inspirit Energy Holdings PLC
27 May 2021
27 May 2021
Inspirit Energy Holdings PLC
("Inspirit" or the "Company")
Placing
Inspirit Energy Holdings plc, the AIM listed developer of waste
heat recycling, is pleased to announce that it has raised a gross
amount of GBP500,000 through the placing (the "Placing") of
1,000,000,000 ordinary shares of 0.001 pence each in the share
capital of the Company ("Ordinary Shares") at 0.05 pence per
Ordinary Share (the "Placing Shares"). For every two Placing Shares
they subscribed to, placees will also receive one warrant over
Ordinary Shares ("Warrant") valid for 24 months from the date of
issue exercisable at 0.075 pence per Ordinary Share.
The funds raised will allow the Company to progress with the
various projects in development, including the Volvo marine waste
heat recovery application announced in November 2020, as well as
providing working capital for the Company's continuing
development.
Application will be made for the 1,000,000,000 Ordinary Shares
to be admitted to trading on AIM ("Admission") and it is expected
that Admission will occur on or about 3rd June 2021. The shares
will rank pari passu in all respects with the existing Ordinary
Shares of the Company.
Total voting rights
Following admission of the Placing Shares, the Company's
enlarged issued share capital will comprise 4,271,640,186 Ordinary
Shares. The Company does not hold any shares in treasury. This
figure of 4,271,640,186 Ordinary Shares may be used by shareholders
in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the share capital of the
Company under the FCA's Disclosure and Transparency Rules.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART
OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
More information on Inspirit Energy can be seen at:
www.inspirit-energy.com
For further information please contact:
Inspirit Energy Holdings plc
John Gunn, Chairman and CEO +44 (0) 207 048 9400
Beaumont Cornish Limited
www.beaumontcornish.com
(Nominated Advisor)
Roland Cornish / James Biddle +44 (0) 207 628 3396
Global Investment Strategy UK
Ltd
(Broker)
Samantha Esqulant +44 (0) 207 048 9045
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END
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May 27, 2021 02:00 ET (06:00 GMT)
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