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LONDON - Regent Acquisitions 2025 Limited announced Wednesday it has received valid acceptances for only 0.15% of Inspired PLC’s issued share capital in its ongoing takeover attempt, according to a regulatory filing.
The cash offer, first announced on April 22, has garnered acceptances for just 232,917 Inspired shares as of 1:00 p.m. London time on July 2. When combined with Regent’s existing holding of 46,865,710 shares, the company would control approximately 29.50% of Inspired’s issued share capital if the offer becomes unconditional.
The takeover bid requires valid acceptances representing more than 50% of Inspired’s voting rights to proceed. The deadline for the acceptance condition, previously set for July 6, has been revised following a statement by the Takeover Panel earlier today.
Regent Gas Holdings Limited, part of the Wider Regent Group, currently owns 29.36% of Inspired’s share capital. The company also holds warrants for 20 million additional Inspired shares and convertible loan notes that could convert to 2.5 million shares.
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 or any person acting in concert with the company.
The offer remains subject to the terms and conditions outlined in the offer document published on May 7, according to the company’s press release statement.
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