Inspirit Energy Holdings PLC Director Shareholding (0729K)
16 September 2016 - 9:00PM
UK Regulatory
TIDMINSP
RNS Number : 0729K
Inspirit Energy Holdings PLC
16 September 2016
16 September 2016
Inspirit Energy Holdings plc
("Inspirit" or the "Company")
Director Dealings
Inspirit (AIM: INSP) announces that it was informed that John
Gunn, the Company's Chief Executive Officer, has today purchased
4,000,000 ordinary shares of 0.1p each in the Company ("Ordinary
Shares") at an average price of approximately 0.263p per share.
This purchase takes Mr Gunn's total holding to 374,029,580 Ordinary
Shares, representing 39.9% of the Company's issued share
capital.
For further information, please contact:
Contacts:
Inspirit Energy Holdings www.inspirit-energy.com
plc
John Gunn, Chairman +44 (0) 207
and CEO 048 9400
+44 (0) 207
Nilesh Jagatia CFO 048 9405
Stockdale Securities
Limited
(Nominated Advisor
and Joint Broker)
Antonio Bossi / David +44 (0) 207
Coaten 601 6100
Peterhouse Corporate
Finance
(Joint Broker)
Lucy Williams / Duncan +44 (0) 207
Vasey 469 0930
Cadogan Leander
(Financial Public Relations)
Christian Taylor-Wilkinson +44 (0) 207
/ Alex Walters 520 9267
About Inspirit Energy Holdings Plc
Inspirit Energy Holdings plc, is developing and commercialising
a highly efficient micro combined heat and power (mCHP) boiler for
commercial applications. The boiler is specifically designed to
meet the challenge of reduced carbon energy supply and is capable
of running on natural gas, LPG and Bio Fuels. The appliance
produces hot water (for tap water or central heating) and
electrical output simultaneously. The installation can be of single
or multiple configuration and its high operating efficiency
together with the off-set of electricity costs provides a very
attractive investment payback proposition.
Inspirit intends to explore opportunities to license out the
underlying technology and the Directors believe that, in some
instances, the patents owned by Inspirit may be also used in the
development of products other than a mCHP appliance. A prototype of
the appliance has been independently tested and shown to be capable
of simultaneous generation of up to 15kW thermal and up to 3kW
electrical output. Once development of the appliance has been
completed and commercialised, the Directors expect that the
appliance will initially be marketed in the UK and Europe and
eventually worldwide. Additional revenue streams may be possible
through product licensing, sales of warranties and further
development of the product.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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