Result of GM and Total Voting Rights

RNS Number : 0818U

Infrastrata PLC

19 October 2017

 

19 October 2017

InfraStrata plc

("InfraStrata" or the "Company")

Result of General Meeting

Total Voting Rights

InfraStrata plc (AIM: INFA), the only UK listed company focused on gas storage, is pleased to announce that at its general meeting held earlier today, all resolutions were duly passed.

Accordingly, pursuant to the Placing announced on 2 October 2017, the Placing Shares are expected to be admitted to trading on AIM tomorrow, 20 October 2017, to complete the Placing.

Total Voting Rights

With effect from Admission, the Company's issued ordinary share capital will comprise 501,041,599 ordinary shares of £0.0001, with one voting right per share. The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares of £0.0001 and voting rights in the Company will be 501,041,599. This 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 in their interest in, the share capital of the Company pursuant to the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the same meaning as in the Company's announcement on 2 October 2017, unless the context requires otherwise.

For further information, please contact:

InfraStrata plc Adrian Pocock, Chief Executive	[phone]
Allenby Capital Limited (AIM Nominated Adviser & Broker) Jeremy Porter / Alex Brearley / Liz Kirchner	[phone]

-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 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 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 £11m has been invested in the project.

Further information is available on the project company's website: www.islandmageestorage.com.

 

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