Inspired reveal detailed discussions over third party cash offer

The board of Inspired plc says detailed discussions are taking place with a third party over a possible cash offer at a price above Regents takeover bid.

The Kirkham headquartered energy and sustainability specialist received a cash offer by Regent Group in April valuing the business at almost £110m in a takeover bid by one of its major shareholders.

The Regent Group is a long-term shareholder business since its AIM flotation in November 2011.

The offer of 68.5p for every share its wider group doesn't hold, valuing the business at £109.35m.

In response, the Inspired board has released a statement saying they have received financial advice from Evercore and it 'unanimously recommends that Inspired Shareholders reject Regent’s wholly inadequate offer and take no action in respect of their shares.'

It added: "The Inspired board believes that Regent's offer fundamentally undervalues Inspired and its prospects.

"In particular, the Inspired board believes Inspired is well positioned with a clear strategy to create long-term value.

"Regent's offer is an attempt to take control without paying a proper premium.

"The offer price is well below comparable benchmarks; and

"Regent taking control of Inspired may not be in the best interests of other shareholders.

"As previously announced on 29 April 2025, the holders of over 49 per cent of Inspired's shares have indicated that they have no current intention to accept Regent's offer.

"The Inspired board is in detailed discussions with a third party regarding a possible offer for Inspired at a price above Regent's offer."

Regent currently holds around 29.36 of Inspired’s issued ordinary share capital.

Regent, established in 1995, is a leading supplier of gas and metering services to industrial and commercial customers in the UK.

The group provides services to large consumers of gas across a range of sectors including, leisure, care homes, manufacturing, food production and retail. It intends to retain Inspired’s AIM listing.