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LONDON - Regent Acquisitions 2025 Limited announced Thursday that it has received valid acceptances for only 0.31% of Inspired PLC’s issued share capital as part of its cash offer to acquire the company.
According to an acceptance level update, Regent has secured acceptances for 493,075 Inspired shares as of 1:00 p.m. London time on July 30. Combined with Regent’s existing holding of 46,865,710 shares, the company would control approximately 29.66% of Inspired’s issued share capital if the offer becomes unconditional.
Regent previously announced on July 25 that it will invoke the Acceptance Condition and allow the offer to lapse if the required level of acceptances is not met by 1:00 p.m. on August 8. The company has stated this invocation notice is irrevocable.
The takeover bid was initially announced on April 22, with the full offer document published on May 7.
In a related development, Regent disclosed on July 25 that it had submitted a conditional letter of intent to accept a competing offer from Intrepid Bidco if its own offer lapses on August 8.
Regent Gas Holdings Limited, part of the Wider Regent Group, currently owns 29.36% of Inspired’s shares and also holds warrants that could be exercised for an additional 20 million shares, as well as convertible loan notes potentially representing 2.5 million shares.
The offer remains subject to the terms and conditions outlined in the offer document, according to the company’s press release statement.
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