Announcement • Sep 03
Inspired Plc Makes an Application to the London Stock Exchange for the Proposed Cancellation of the Admission to Trading of Inspired Shares on AIM Further to the announcement made on 15 August 2025 on the Offer made by Bidco being declared Unconditional and that each of the Rule 15 Proposals were declared unconditional, Inspired announced that it has made an application to the London Stock Exchange for the proposed cancellation of the admission to trading of Inspired Shares on AIM (the "Cancellation") in accordance with Rule 41 of the AIM Rules for Companies (the "AIM Rules"). Under the AIM Rules, the Cancellation can only take place after the expiry of a period of 20 business days from the date on which the notice of Cancellation is given. The Cancellation is, therefore, expected to take effect at 7.00am (London time) on 30 September 2025, being 20 business days from the date of this announcement. Inspired has been informed that Bidco intends, promptly following Cancellation, to procure that Inspired shall be re-registered as a private company. Inspired has also been informed that Bidco does not intend to put in place a matched bargain facility upon which Inspired Shares can be traded. As such, it should be noted that: The Cancellation will substantially reduce the liquidity and marketability of any Inspired Shares in respect of which the Offer has not been validly accepted at that time and their value may be affected as a consequence. Following the Cancellation becoming effective and the Inspired Shares ceasing to be admitted to trading on AIM, Inspired Shareholders who have not validly accepted the Offer will own shares in an unlisted company and accordingly will not benefit from the protections under the AIM Rules that were afforded to them whilst Inspired was so admitted. Following the re-registration becoming effective, any remaining Inspired Shareholders would become minority shareholders in a privately controlled limited company and may be unable to sell their Inspired Shares. As noted in the Offer Document, HGGC intends to suspend any ordinary course dividends or other distributions by Inspired, and there can be no certainty that the Inspired Shareholders shall again be offered as much for the Inspired Shares held by them as under the Offer. Also, following the Offer closing, Inspired Shareholders may not be able to sell their Inspired Shares. The Offer will remain open for acceptances until further notice. At least 14 calendar days' notice will be given by an announcement before the Offer is closed. Subject to giving at least 14 calendar days' notice, Bidco can close the Offer at any point, following which Inspired Shareholders who have not accepted the Offer will be unable to accept the Offer. Furthermore, Inspired Shareholders are reminded that, if Bidco receives acceptances under the Offer in respect of, or otherwise acquires, 90% or more of the Inspired Shares to which the Offer relates, Bidco intends to exercise its rights pursuant to the statutory squeeze-out provisions of Chapter 3 of Part 28 of the Companies Act to acquire compulsorily, the remaining Inspired Shares to which the Offer relates. Accordingly, Inspired Shareholders are strongly encouraged to submit their acceptances as soon as possible to enable them to receive payment at the earliest convenience. Announcement • Aug 21
Bidco to Procure That Inspired Makes an Application to the London Stock Exchange for the Cancellation of the Admission to Trading of Inspired Shares on AIM On 26 June 2025, the boards of directors of each of Intrepid Bidco Limited ("Bidco") and Inspired PLC ("Inspired") announced that they had reached agreement on the terms of a recommended cash offer pursuant to which Bidco, a newly formed company owned indirectly by funds managed and/or advised by HGGC, LLC and its affiliates ("HGGC"), would acquire the entire issued and to be issued share capital of Inspired (the "Offer"). On 15 August 2025, Bidco announced that the Offer has been declared Unconditional and that each of the Rule 15 Proposals were declared unconditional accordingly. Bidco further announced that the Offer and the Rule 15 Proposals will remain open for acceptances until further notice. As the Offer has been declared Unconditional and Bidco has acquired more than 75% the Inspired Shares, Bidco will procure that Inspired makes an application to the London Stock Exchange for the cancellation of the admission to trading of Inspired Shares on AIM, such cancellation to be effective on completion of the squeeze-out process. It is anticipated that, subject to any applicable requirements of the London Stock Exchange, cancellation of admission to trading of Inspired Shares on AIM shall take effect no earlier than 20 Business Days after such application is made or completion of the squeeze-out process. If Bidco receives: (i) acceptances under the Offer in respect of, and/or otherwise acquires, 90% or more of the Inspired Shares to which the Offer relates; and (ii) acceptances under the Warrant Offer in respect of, and/or otherwise acquires, 90% or more of the Inspired Warrants to which the Warrant Offer relates, Bidco intends to exercise its rights pursuant to the provisions of Chapter 3 of Part 28 of the Companies Act to acquire compulsorily any Inspired Shares and/or Inspired Warrants (as applicable) not acquired or agreed to be acquired by or on behalf of Bidco pursuant to the Offer or Warrant Offer (as applicable) or otherwise on the same terms as the Offer or Warrant Offer (as applicable). Following the Inspired Shares having been de-listed, Bidco intends to procure that Inspired shall be re-registered as a private company. Announcement • Jun 29
Inspired Plc Announces Board Changes Inspired announced that, following notification on 14 April 2025 of his intention to step down from his role as Non-Executive Chair of Inspired at the conclusion of Inspired's AGM today, Richard Logan has stepped down from the position. The Board announced that Sangita Shah has been appointed as Non-Executive Chair on an interim basis. Sangita has served on the Inspired Board for four years as an independent Non-Executive Director and Chair of the Remuneration Committee, and including two years as Senior Independent Director ("SID"). The Board intends to conduct a process to appoint a permanent Non-Executive Chair when the Company ceases to be in an "offer period", as defined in the Takeover Code. Additionally, Dianne Walker, who has served as an Inspired independent Non-Executive Director and Chair of the Audit & Risk Committee for four years, has been appointed by the Board to the role of SID. 
