Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
LONDON - Inspired PLC, a publicly traded company, has received a vote of confidence from its largest shareholder, Gresham House Asset Management Limited, in the face of an unsolicited takeover offer from Regent Acquisitions 2025 Limited. Gresham House, which holds a significant 29.73% of Inspired’s issued share capital, has expressed that it believes the offer of 68.5p per share substantially undervalues the company.
In a recent correspondence, Gresham House has also indicated that it has no intention of accepting the current offer for its shares in Inspired. The asset management firm’s portfolio includes not only shares but also warrants for additional shares and convertible loan notes issued by Inspired, suggesting a deep financial relationship between the two entities.
Inspired’s board has unanimously agreed with Gresham House’s assessment, reinforcing its stance that the offer from Regent does not reflect the company’s true value. The board has advised shareholders to refrain from taking any action at this time, signaling that further developments may be forthcoming.
This announcement comes after Regent made its bid public on April 22, 2025, proposing to acquire Inspired at a price that has now been publicly contested by the company’s principal shareholder. The resistance from Gresham House could prove to be a significant hurdle for Regent’s acquisition plans.
The situation remains dynamic, and Inspired’s board has promised to keep shareholders informed as events unfold. This report is based on a press release statement from Inspired PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.