Infrastructure India plc Issue of Equity and Director/PDMR Shareholding (2147W)
15 April 2019 - 8:24PM
UK Regulatory
TIDMIIP TIDMTTM
RNS Number : 2147W
Infrastructure India plc
15 April 2019
15 April 2019
Infrastructure India plc
("IIP", the "Company and together with its subsidiaries the
"Group")
Management Agreement Fee Shares
Director/PDMR Shareholding
Infrastructure India plc, an AIM quoted infrastructure fund
investing directly into assets in India, announced the terms of a
revised and restated management and valuation and portfolio
services agreement (the "Management Agreement") with the Company's
existing asset manager, Franklin Park Management, LLC (the "Asset
Manager") on 15 September 2016. Pursuant to the Management
Agreement, the Asset Manager is to be issued with 605,716 new
ordinary shares in the Company on 1 July each calendar year for the
duration of the Management Agreement ("Annual Fee Shares").
The Company announces that it has today issued a total of
1,211,432 new ordinary shares in the Company to the Asset Manager
(the "New Ordinary Shares"), being Annual Fee Shares which were due
for issue by the Company to the Asset Manager on 1 July 2017 and 1
July 2018 and which have been pending issuance since those dates,
as disclosed in the Company's annual and interim financial reports.
A further 605,716 Annual Fee Shares are to be issued to the Asset
Manager on 1 July 2019.
Following the issue of the New Ordinary Shares, the Asset
Manager is now interested in a total of 1,211,432 ordinary shares
in the Company, representing 0.18% of the Company's enlarged issued
share capital, as enlarged by the issue of the New Ordinary
Shares.
Tom Tribone, Sonny Lulla and Rob Venerus, each directors of the
Company, collectively own the entire issued share capital of the
Asset Manager.
Application has been made for the New Ordinary Shares, which
will rank pari passu with the Company's existing ordinary shares,
to be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings in the New
Ordinary Shares will commence on AIM on 23 April 2019.
From Admission, the Company will have 681,478,473 ordinary
shares in issue with no ordinary shares held in treasury. This is
the total number of voting rights in IIP and may be used by
shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or
change to their interest in, the Company under the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules.
The notifications below, made in accordance with the
requirements of the Market Abuse Regulation, provide further
details.
Enquiries:
Infrastructure India plc www.iiplc.com
Sonny Lulla
Cenkos Securities plc
Nominated Adviser & Joint Broker
Azhic Basirov / Ben Jeynes +44 (0) 20 7397 8900
Nplus1 Singer Advisory LLP
Joint Broker
James Maxwell - Corporate Finance
James Waterlow - Investment Fund Sales +44 (0) 20 7496 3000
Novella +44 (0) 20 3151 7008
Financial PR
Tim Robertson / Toby Andrews
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 Thomas Anthony Tribone
------------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status PDMR (Director) - notification
concerns the grant of new
ordinary shares to an entity
in which the PDMR is beneficially
interested
------------------------------------------ --------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Infrastructure India plc
------------------------------------------ --------------------------------------
b) LEI 213800M623GQQAG11656
------------------------------------------ --------------------------------------
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 of the financial Ordinary shares of 1p each
instrument, type of instrument
------------------------------------------ --------------------------------------
Identification code IM00B2QVWM67
------------------------------------------ --------------------------------------
b) Nature of the transaction Grant of new ordinary shares
to an entity in which the
PDMR is beneficially interested
------------------------------------------ --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------- -----------------
GBP0.00 1,211,432
------------------------------------------------------------------- -----------------
d) Aggregated information
--------------------------------------------------------------- -----------------
Aggregated volume N/A - single transaction
------------------------------------------ -------------------------------------------
Price N/A - single transaction
------------------------------------------ -------------------------------------------
e) Date of the transaction 15 April 2019
------------------------------------------ --------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rahul (Sonny) Lulla
------------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status PDMR (Director) - notification
concerns the grant of new
ordinary shares to an entity
in which the PDMR is beneficially
interested
------------------------------------------ --------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Infrastructure India plc
------------------------------------------ --------------------------------------
b) LEI 213800M623GQQAG11656
------------------------------------------ --------------------------------------
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 of the financial Ordinary shares of 1p each
instrument, type of instrument
------------------------------------------ --------------------------------------
Identification code IM00B2QVWM67
------------------------------------------ --------------------------------------
b) Nature of the transaction Grant of new ordinary shares
to an entity in which the
PDMR is beneficially interested
------------------------------------------ --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------- -----------------
GBP0.00 1,211,432
------------------------------------------------------------------- -----------------
d) Aggregated information
--------------------------------------------------------------- -----------------
Aggregated volume N/A - single transaction
------------------------------------------ -------------------------------------------
Price N/A - single transaction
------------------------------------------ -------------------------------------------
e) Date of the transaction 15 April 2019
------------------------------------------ --------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Venerus
------------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status PDMR (Director) - notification
concerns the grant of new
ordinary shares to an entity
in which the PDMR is beneficially
interested
------------------------------------------ --------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Infrastructure India plc
------------------------------------------ --------------------------------------
b) LEI 213800M623GQQAG11656
------------------------------------------ --------------------------------------
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 of the financial Ordinary shares of 1p each
instrument, type of instrument
------------------------------------------ --------------------------------------
Identification code IM00B2QVWM67
------------------------------------------ --------------------------------------
b) Nature of the transaction Grant of new ordinary shares
to an entity in which the
PDMR is 24.5% beneficially
interested
------------------------------------------ --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------- -----------------
GBP0.00 1,211,432
------------------------------------------------------------------- -----------------
d) Aggregated information
--------------------------------------------------------------- -----------------
Aggregated volume N/A - single transaction
------------------------------------------ -------------------------------------------
Price N/A - single transaction
------------------------------------------ -------------------------------------------
e) Date of the transaction 15 April 2019
------------------------------------------ --------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ --------------------------------------
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
DSHMMGMDGKFGLZM
(END) Dow Jones Newswires
April 15, 2019 06:24 ET (10:24 GMT)
Infrastructure India (LSE:IIP)
Historical Stock Chart
From Apr 2024 to May 2024
Infrastructure India (LSE:IIP)
Historical Stock Chart
From May 2023 to May 2024