Inspirit Energy Holdings PLC Loan Note conversion request & Notice of GM (0701R)
24 Octubre 2019 - 9:06AM
UK Regulatory
TIDMINSP
RNS Number : 0701R
Inspirit Energy Holdings PLC
24 October 2019
24 October 2019
Inspirit Energy Holdings Plc
("Inspirit" or "the Company")
Loan Note conversion request
Notice of General Meeting
Inspirit Energy Holdings PLC (AIM: INSP), the developer of micro
Combined Heat and Power ("microCHP" or "mCHP") boilers, announces
that today it has published a Circular convening a General Meeting
of Shareholders to be held at 10.00 a.m. at the offices of Inspirit
Energy Holdings Plc, 2nd Floor 2 London Wall Buildings London EC2M
5PP on 11 November 2019, as further detailed below.
On 4(th) May 2018, the Company announced that it had raised
GBP530,000 in cash and converted existing debt of GBP315,000 by the
issuance of a Convertible Loan Note. The existing debt includes
GBP215,000 from related parties. The Company has received requests
from the loan note holders of their intention to convert the loan
notes at 0.07 pence a share (as per the terms of the loan note). In
order to facilitate this request, the Company is convening a
General Meeting to be held on 11 November 2019 to seek
Shareholders' approval for the Resolutions necessary to issue and
allot shares and waive pre-emption rights to facilitate the loan
note conversion. The Company is also taking this opportunity to
request additional headroom to issue new Ordinary Shares for cash
to fund ongoing working capital requirements.
Notice of the General Meeting is being posted to Shareholders
today and is available on the Company's website at:
www.inspirit-energy.com
The Company will provide a further update on the conversions
following the General Meeting.
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
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
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 a 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 tested and shown to be capable of
simultaneous generation of up to 15kW thermal and up to 6.4kW
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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFELFLLFUSESS
(END) Dow Jones Newswires
October 24, 2019 10:06 ET (14:06 GMT)
Inspirit Energy (LSE:INSP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Inspirit Energy (LSE:INSP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024