Appointment of Nominated Adviser and Broker

RNS Number : 1292I

Infrastrata PLC

31 March 2020

 

31 March 2020

InfraStrata plc

("InfraStrata" or the "Company")

Appointment of Nominated Adviser and Broker

InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset life-cycle management, today announces that it has appointed Cenkos Securities plc as sole broker and Nominated Adviser with immediate effect.

For further information, please visit www.infrastrataplc.com or contact:

InfraStrata plc John Wood, Chief Executive	[phone]
Cenkos Securities plc (Nominated Adviser & Broker) Stephen Keys / Cameron MacRitchie (corporate finance) Michael Johnson (sales)	[phone]
Newgate Communications (PR) Elisabeth Cowell/ Ian Silvera/ Megan Kovach	[phone]

Notes to editors:

InfraStrata is a London Stock Exchange-quoted group focused on strategic infrastructure projects.

The rapid development of the 100% owned Islandmagee Gas Storage Project is a core workstream for InfraStrata. It is expected to provide 25% of the UK's natural gas storage capacity and to benefit the Northern Ireland economy as a whole when completed. Given that the Committee on Climate Change has advised that the UK will still need a significant quantity of natural gas by 2050 - about 70% of today's consumption - the market opportunity for this project is compelling.

The Company also owns and operates the assets of Harland & Wolff in Belfast, where it will undertake the fabrication work for the Islandmagee project, as well as establishing secondary revenue streams through the provision of services to the energy, maritime and defence sectors should such opportunities arise in future.

Mindful of the fact that safe, secure and flexible sources of energy are needed for a sustainable future, InfraStrata is focused on providing investors with exposure to a growing portfolio of UK, European and international energy infrastructure projects. With this in mind, the Company's highly experienced team is focused on acquiring, developing and commercialising innovative infrastructure projects around the world. 

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."

 

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