Infrastrata PLC Issue of Equity and TVR (3107E)
February 08 2018 - 4:53AM
UK Regulatory
TIDMINFA
RNS Number : 3107E
Infrastrata PLC
08 February 2018
8 February 2018
InfraStrata plc
("InfraStrata" or the "Company")
Issue of equity and change in total voting rights
InfraStrata plc (AIM: INFA), the only UK quoted company focused
on gas storage, has agreed to issue 2,666,667 new ordinary shares
of 0.01p each ("New Ordinary Shares") at 0.3p per share. The New
Ordinary Shares have been issued to Peter Wale, a former director
of the Company, in consideration for services provided to the
Company as a director.
Application will be made to the London Stock Exchange for the
New Ordinary Shares to be admitted to trading on AIM ("Admission").
It is anticipated that Admission will occur on 13 February
2018.
Following Admission, the issued share capital of the Company
will comprise 628,708,266 Ordinary Shares with one voting right per
share. The Company does not hold any shares in treasury. Therefore,
the total number of ordinary shares and voting rights in the
Company will be 628,708,266. The above figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
For further information, please contact:
InfraStrata plc c/o Yellow
Adrian Pocock, Chief Executive Jersey
+44 (0)20 3735
8825
Allenby Capital Limited (AIM Nominated
Adviser & Broker)
Jeremy Porter / Alex Brearley +44 (0)20 3328
/ Liz Kirchner 5656
Yellow Jersey +44 (0)20 3735
Tim Thomson 8825
-ENDS-
The Front End Engineering & Design (FEED) and Insitu
Downhole Testing programme for the Islandmagee gas storage project
is co-financed by the European Union's Connecting Europe
Facility.
Disclaimer releasing the European Union from any liability in
terms of the content of the dissemination materials:
"The sole responsibility of this publication lies with the
author. The European Union is not responsible for any use that may
be made of the information contained therein."
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 is a proposed salt cavern
gas storage facility located on Islandmagee in County Antrim,
Northern Ireland.
The Board of InfraStrata believes that the proposed 500 million
cubic metres Natural Gas Cavern Storage facility will provide over
25% of the UK's Natural Gas Storage once constructed, and will be
situated adjacent to the Scotland Northern Ireland (gas) Pipeline
(SNIP) and the Moyle 500 Megawatt Electricity Interconnector.
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 2015 a well was
drilled to core the salt and confirm the technical feasibility of
the project, supported in part by the Commission. To date
approximately GBP11.5m has been invested in the project.
Further information is available on the project company's
website: www.islandmageestorage.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEUGUGAPUPRUBR
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