Infrastrata PLC Director Shareholding (8593C)
03 October 2018 - 8:31PM
UK Regulatory
TIDMINFA
RNS Number : 8593C
Infrastrata PLC
03 October 2018
3 October 2018
InfraStrata plc
("InfraStrata" or the "Company")
Director shareholding
InfraStrata plc (AIM: INFA), the UK quoted company focused on
the development of natural gas storage capacity, announces that
John Wood, CEO of InfraStrata, has purchased 1,736,293 ordinary
shares of 0.01p each in the Company ("Ordinary Shares") at a price
of 0.58p per share and is now beneficially interested in 40,695,694
Ordinary Shares, equivalent to 3.85% of the Company's issued share
capital.
For further information, please contact:
InfraStrata plc c/o Yellow Jersey
John Wood, Chief Executive +44 (0)20 3735
8825
Allenby Capital Limited (AIM Nominated
Adviser & Joint Broker) +44 (0)20 3328
Jeremy Porter / Alex Brearley / Liz Kirchner 5656
SI Capital Limited (Joint Broker) +44 (0) 20 3871
Nick Emerson 4038
Yellow Jersey +44 (0)20 3735
Tim Thompson 8825
-ENDS-
Notes:
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
European Commission. The Front End Engineering and Design (FEED)
element of the Project is scheduled for completion by the end of
2018. To date approximately GBP11.5m has been invested in the
project.
Further information is available on the company's website:
www.infrastrata.co.uk
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."
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them:
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Wood
------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CEO (PDMR)
------------------------ --------------------------------------
b) Initial Initial notification
notification
/Amendment
------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------
a) Name InfraStrata plc
------------------------ --------------------------------------
b) LEI 2138001JAP311MVUZ948
------------------------ --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
----------------------------------------------------------------
a) Description Ordinary shares of 0.01p
of the
financial
instrument, GB00B28YMP66
type of
instrument
Identification
code
------------------------ --------------------------------------
b) Nature Purchase of Ordinary Shares
of the
transaction
------------------------ --------------------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) 0.58p 1,736,293
----------
------------------------ --------------------------------------
d) Aggregated
information n/a
- Aggregated
volume
- Price
------------------------ --------------------------------------
e) Date of 3 October 2018
the transaction
------------------------ --------------------------------------
f) Place of London Stock Exchange
the transaction
------------------------ --------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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