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LONDON - Regent Acquisitions 2025 Limited announced Wednesday it has received valid acceptances for approximately 0.31% of Inspired PLC’s issued share capital in its ongoing cash offer for the company.
According to an acceptance level update, Regent has received valid acceptances for 487,387 Inspired shares as of 1:00 p.m. London time. Combined with Regent’s existing holding of 46,865,710 shares, the company would hold approximately 29.66% of Inspired’s issued share capital if the offer becomes unconditional.
The takeover offer, first announced on April 22, requires valid acceptances representing more than 50% of Inspired’s voting rights to become unconditional.
Following a Takeover Panel announcement on July 2, the unconditional date for the offer has been revised to September 9, 2025, which is 60 days after the publication of a competing offer document by Intrepid Bidco on July 11.
Regent Gas Holdings Limited, part of the Wider Regent Group, currently owns 29.36% of Inspired’s share capital and also holds warrants for 20 million additional shares and convertible loan notes that could convert to 2.5 million shares.
The company stated 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 procured by Regent.
The information in this article is based on a regulatory statement issued by Regent Acquisitions 2025 Limited.
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