Regent Acquisitions launches cash bid for Inspired PLC

LONDON - Regent Acquisitions 2025 Limited, a private limited company, has announced an all-cash offer to acquire the entire issued and to be issued share capital of UK-based energy and sustainability advisory firm Inspired PLC. The offer values Inspired at approximately £109.35 million, with shareholders entitled to receive 68.5 pence per share in cash.

The bid represents a significant premium over recent trading prices, including a 71.3% increase over Inspired’s share price during its £21.25 million placing on January 8, 2025, and a 12.3% premium over the closing price on the latest practicable date.

Regent, which has been a long-term shareholder of Inspired since the company’s AIM floatation in November 2011, currently holds approximately 29.36% of Inspired’s issued ordinary share capital through Regent Gas Holdings Limited, a member of the Wider Regent Group. Additionally, Regent Gas Holdings Limited holds Inspired warrants and convertible loan notes which could further increase its stake upon conversion.

The acquisition is motivated by Regent’s strategy to focus on cash generation and debt reduction for Inspired, aiming to eliminate the company’s debt by the end of 2026. Regent has expressed its intention to halt future dividend payments until the debt is cleared and proposes a strategic review to improve operational efficiency.

Regent has confirmed that it intends for Inspired to maintain its AIM listing, allowing shareholders who do not accept the offer to remain invested in the company. The offer is conditional upon receiving acceptances that would result in Regent and its concert parties holding over 50% of Inspired’s voting rights.

The offer will be financed from Regent’s existing cash resources, with SPARK Advisory Partners Limited confirming the availability of sufficient funds to fulfill the cash consideration.

The Offer Document, detailing the terms and conditions of the acquisition, is expected to be dispatched to Inspired’s shareholders no later than 28 days from today’s announcement.

This news article is based on a press release statement.

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