Inspirit Energy Holdings PLC Warrant Conversion (1577E)
03 Novembre 2020 - 6:46PM
UK Regulatory
TIDMINSP
RNS Number : 1577E
Inspirit Energy Holdings PLC
03 November 2020
3 November 2020
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Warrant conversion
Inspirit Energy Holdings PLC (AIM: INSP), the developer of micro
Combined Heat and Power ("microCHP" or "mCHP") boilers, announces
that on Tuesday 2(nd) November 2020 it received Warrant Conversion
notices for GBP150,000 at 0.07 per share on the Warrants attached
to Convertible Loan Notes (CLN's) issued on the 4(th) May 2018.
Background
On 4(th) May 2018, the Company announced that it had raised
GBP530,000 in cash from private investors and issued CLN. On
conversion of the CLN, each new Ordinary Share had attached half
warrant (one warrant issued for every two CLNs converted) at the
relevant conversion price valid for 12 months from the date of
issue. The CLN's were converted to equity on 20 November 2019.
Application has been made for the 214,285,712 Ordinary Shares to
be admitted to trading on AIM ("Admission") and it is expected that
Admission will occur on or about 9 November 2020. The shares will
rank pari passu in all respects with the existing Ordinary Shares
of the Company.
Total voting rights
Following admission of the new Ordinary Shares, the Company's
enlarged issued share capital will comprise 3,118,068,759 Ordinary
Shares. The Company does not hold any shares in Treasury. This
figure of 3,118,068,759 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 Article 7 of Regulation (EU) 596/2014.
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
(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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November 03, 2020 12:46 ET (17:46 GMT)
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