THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE.
Inspiration Healthcare Group Plc
("Inspiration Healthcare" or the "Company")
Result of General Meeting and Total Voting Rights
On 26 June 2024, Inspiration Healthcare (AIM: IHC), the global medical technology company pioneering specialist intensive neonatal intensive care medical devices, announced (the "Launch Announcement") a conditional placing (the "Placing"), a Director and senior management Subscription (the "Subscription"), and an associated retail offer (the "Retail Offer").
The Company is pleased to announce that at its General Meeting held earlier today, all the resolutions set out in the circular dated 28 June 2024 were duly passed (the "Resolutions").
Further to this, the Company can now confirm that it will issue, pursuant to the Placing, the Subscription and the Retail Offer, 21,428,570 New Ordinary Shares at
· 17,321,430 shares pursuant to the Placing, raising gross proceeds of approximately
· 535,712 shares pursuant to the Subscription, raising gross proceeds of approximately
· 3,571,428 shares pursuant to the Retail Offer, raising gross proceeds of approximately
As a result of the passing of the Resolutions, the Directors and senior management of the Company participating in the Capital Raising will hold the following Ordinary Shares in the capital of the Company on Admission:
Director |
Existing beneficial shareholding |
New Ordinary Shares subscribed for |
Shareholding on completion of the Capital Raising |
Shareholding as a percentage of the Enlarged Issued Share Capital |
Roy Davis |
- |
178,571 |
178,571 |
0.20% |
Neil Campbell* |
4,416,646 |
71,428* |
4,488,074 |
5.01% |
Liz Shanahan |
35,000 |
142,857 |
177,857 |
0.20% |
Simon Motley |
4,111,628 |
107,142 |
4,218,770 |
4.71% |
Laura Edwards |
- |
35,714 |
35,714 |
0.04% |
*To be gifted to his children
The Company has applied to the London Stock Exchange for the 21,428,570 New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that the Admission will occur at 8:00 a.m. on 23 July 2024.
Following Admission, the Company's issued share capital will comprise 89,663,372 ordinary shares of
Capitalised terms not defined in this announcement have the meanings given to them in the Launch Announcement.
Commenting, Roy Davis, Interim Chief Executive of Inspiration Healthcare, said: "We're very pleased to have been able to complete this equity raise in challenging market conditions. The additional funds raised will enable us to reduce our net debt and will provide us with significant liquidity headroom. The Directors and Senior Management have participated in the raise, highlighting both our commitment to and belief in the Company. We would also like to thank our existing investors for their continued support. We look forward to a productive second half as we continue to execute our strategy."
Change of Name of Nominated Adviser and Broker
The Company's Nominated Adviser and Broker has changed its name to Panmure Liberum Capital Limited.
For more information contact: |
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Inspiration Healthcare Group plc |
Tel: +44 (0)330 175 0000 |
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Roy Davis, Executive Chairman and Interim CEO |
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Alan Olby, Chief Financial Officer |
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Panmure Liberum Capital Limited (Nomad and Broker) |
Tel: 020 3100 2000 |
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Richard Lindley, Will King, Joshua Borlant |
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Walbrook PR Ltd |
Tel: 020 7933 8700 or inspirationhealthcare@walbrookpr.com |
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Anna Dunphy Stephanie Cuthbert Louis Ashe-Jepson |
Mob: 07876 741 001 Mob: 07796 794 663 Mob: 07747 515 393 |
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About Inspiration Healthcare Group plc
Inspiration Healthcare (AIM: IHC) designs, manufactures and markets pioneering medical technology. Based in the
The Company has a broad portfolio of its own products and complementary distributed products, for use in neonatal intensive care designed to support even the most premature babies throughout their hospital stay. Its own branded products range from highly sophisticated capital equipment such as ventilators for life support through to single-use disposables.
The Company sells its products directly to hospitals and healthcare providers in the
The Company operates in the
Further information on Inspiration Healthcare can be found at www.inspirationhealthcaregroup.com
Note:
The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU Regulation No. 596/2014) (as it forms part of
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