Regulatory Story
Go to market news section View chart   Print
RNS
Infrastrata PLC   -  INFA   

Director shareholding

Released 09:36 05-Oct-2018

RNS Number : 1164D
Infrastrata PLC
05 October 2018
 

               

 

 

 

5 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 1,348,427 ordinary shares of 0.01p each in the Company ("Ordinary Shares") at a price of 0.587p per share and is now beneficially interested in 42,044,121 Ordinary Shares, equivalent to 3.98% of the Company's issued share capital.

 

For further information, please contact:

 

InfraStrata plc

John Wood, Chief Executive

 

c/o Yellow Jersey

+44 (0)20 3735 8825

Allenby Capital Limited (AIM Nominated Adviser & Joint Broker)

Jeremy Porter / Alex Brearley / Liz Kirchner

 

+44 (0)20 3328 5656

SI Capital Limited (Joint Broker)

Nick Emerson

 

44 (0) 20 3871 4038

Yellow Jersey

Tim Thompson  

+44 (0)20 3735 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 £11.5m 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 notification /Amendment

 

Initial notification

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 of the financial instrument, type of instrument

Identification code

 

Ordinary shares of 0.01p

 

 

GB00B28YMP66

b)

 

Nature of the transaction

 

Purchase of Ordinary Shares

c)

 

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

0.587p

 

1,348,427

 

 

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

n/a

 

e)

 

Date of the transaction

 

5 October 2018

f)

 

Place of the transaction

 

London Stock Exchange

 


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
 
 
DSHGIBDGXXGBGIU
Close


London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.

 


Director shareholding - RNS