Inspired Energy PLC Grant of Awards to Directors (7721L)
31 December 2018 - 6:00PM
UK Regulatory
TIDMINSE
RNS Number : 7721L
Inspired Energy PLC
31 December 2018
31 December 2018
Inspired Energy plc
("Inspired" or the "Company")
Grant of Awards to Directors
Inspired Energy plc (AIM: INSE), a leading UK energy procurement
consultant to UK and Irish corporates, announces that on 31
December 2018 the Remuneration Committee agreed to the grant of
additional awards to the Executive Directors ("Executives") under
the Long Term Incentive Scheme implemented by the Board in July
2017 ("LTIP") (the "2018 Awards").
The 2018 Awards are structured as a programme of awards over a
five-year period ending 31 December 2023 (the "Award Period"). The
Award Period for the 2018 Awards extends a further two years beyond
the period for the awards granted to the Executives in July 2017,
which ends in on 31 December 2021. As per the award to the
Executives in July 2017, the 2018 Awards will be subject to the
achievement of adjusted EPS performance targets.
The total number of ordinary shares subject to the 2018 Awards
is 1,800,000 and the awards will be satisfied by existing issued
ordinary shares currently held in Inspired Energy EBT Limited. The
following table sets out the details of the award made to the
Executives:
Name of Executive Number of ordinary Resultant total Percentage of
shares awarded number of ordinary issued ordinary
on the 31(st) shares available shares
December 2018 for the Executives
subject to achievement
of adjusted EPS
performance targets
Mark Dickinson 900,000 10,800,000 1.51%
------------------- ------------------------ -----------------
Paul Connor 900,000 5,850,000 0.82%
------------------- ------------------------ -----------------
1,800,000 16,650,000 2.33%
------------------- ------------------------ -----------------
Enquiries:
Inspired Energy plc
Mark Dickinson, Chief Executive +44 (0) 1772 689250
Paul Connor, Finance Director www.inspiredenergy.co.uk
Shore Capital (Nominated Adviser and
Joint Broker)
Dru Danford
Edward Mansfield +44 (0) 20 7408 4090
James Thomas
Peel Hunt LLP (Joint Broker)
Mike Bell
Sam Cann +44 (0) 20 7886 2500
Gable Communications +44 (0) 20 7193 7463
Justine James +44 (0) 7525 324431
John Bick inspired@gablecommunications.com
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END
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