Infrastrata PLC Holding(s) in Company (6776O)
November 08 2016 - 1:22PM
UK Regulatory
TIDMINFA
RNS Number : 6776O
Infrastrata PLC
08 November 2016
8 November 2016
InfraStrata plc
("InfraStrata" or the "Company")
Holding in Company
InfraStrata plc (AIM: INFA), the gas storage company focused on
the UK and Ireland, was informed today that Mr Alan Booth's
shareholding in the Company fell below 3 per cent. as a result of
dilution from the issue of ordinary shares by the Company on 27
January 2016 and further, that he no longer has a notifiable
interest in the Company's issued share capital.
For further information please contact:
InfraStrata plc
Andrew Hindle, Chief Executive Officer 020 8332 1200
Stewart McGarrity, Finance Director
Anita Gardiner, Commercial Development Director
Nominated Adviser and Broker - Allenby Capital Limited
Jeremy Porter / Alex Brearley / Liz Kirchner 020 3328 5656
Financial PR - Camarco
Billy Clegg / Gordon Poole 020 3757 4980
Notes:
Background on InfraStrata plc
InfraStrata is an independent gas storage company focused on the
UK and Ireland.
Further information is available on the Company's website
www.infrastrata.co.uk.
Background on the Islandmagee Storage Project
The Islandmagee gas storage project company, Islandmagee Storage
Limited ("IMSL"), is owned 90% by a wholly owned subsidiary of
InfraStrata plc and 10% by a wholly owned subsidiary of Mutual
Energy Limited. The project is a proposed salt cavern gas storage
facility located on Islandmagee in County Antrim, Northern Ireland.
Work commenced in 2007 with the acquisition of 3D seismic data to
image the Permian salt in the Larne Lough area. During 2012,
planning permission was granted for the project and a gas storage
licence was issued by the Utility Regulator. In October 2013, the
gas storage project was granted a 'Project of Common Interest'
("PCI") status by the European Commission. In 2015 a well was
drilled to core the salt and confirm the technical feasibility of
the project, supported in part by the Commission. The final stage
before a Final Investment Decision will be the Front-End
Engineering Design and Commercialisation of the project. To date
approximately GBP11m has been invested in the project.
Further information is available on the project company's
websitewww.islandmageestorage.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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