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LONDON - Regent Acquisitions 2025 Limited reported on Wednesday that it has received valid acceptances for only 0.30% of Inspired PLC’s issued share capital in its ongoing cash offer to acquire the company.
According to an acceptance level update, Regent received valid acceptances for 477,255 Inspired shares as of 1:00 p.m. London time on July 9. When combined with Regent’s existing holding of 46,865,710 shares, the company would control approximately 29.65% of Inspired’s issued share capital if the offer becomes unconditional.
The offer, which was first announced on April 22, 2025, remains conditional upon Regent receiving valid acceptances representing more than 50% of Inspired’s voting rights. The deadline for the acceptance condition has been revised following a Takeover Panel announcement on July 2.
The new unconditional date will be the 60th day following the publication of an offer document by Intrepid Bidco, which has not yet been published.
Regent Gas Holdings Limited, part of the Wider Regent Group, currently owns 29.36% of Inspired’s share capital and also holds warrants that could provide an additional 20 million shares and convertible loan notes that could convert to 2.5 million shares.
The company stated in its press release that no acceptances have been received from persons acting in concert with Regent, and no Inspired shares are subject to irrevocable commitments or letters of intent.
Inspired shareholders who have not yet responded to the offer can find the acceptance procedures in the offer document available on Regent’s website.
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