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LONDON - Regent Acquisitions 2025 Limited announced Thursday that its cash offer for Inspired PLC has received valid acceptances representing only 0.31% of Inspired’s issued share capital as of July 23.
According to the acceptance level update, Regent has received valid acceptances for 487,387 Inspired shares. When 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 offer, which was first announced on April 22, requires valid acceptances representing more than 50% of Inspired’s voting rights to become unconditional. The deadline for the acceptance condition has been revised to September 9, 2025, following a Takeover Panel announcement on July 2.
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 Inspired shares and convertible loan notes that could convert to 2.5 million shares.
No irrevocable commitments or letters of intent to accept the offer have been received, according to the statement based on the company’s press release.
Inspired shareholders who have not yet responded to the offer can find acceptance procedures in the offer document available on Regent’s website. For shares held in certificated form, shareholders must complete and return the Form of Acceptance to Neville Registrars Limited by 1:00 p.m. London time on September 9, unless the deadline is brought forward.
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