Infrastrata PLC Result of AGM (6177V)

TIDMINFA

RNS Number : 6177V

Infrastrata PLC

31 January 2017

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

31 January 2017

InfraStrata plc

("InfraStrata" or the "Company")

Result of AGM and total voting rights

The Board of InfraStrata plc (AIM:INFA), the independent gas storage company, is pleased to announce that at the Company's annual general meeting ("AGM") held today, all resolutions put before the meeting were duly passed.

A copy of the presentation that was given at the meeting, which provides a reminder of the fundamentals of the Islandmagee gas storage project and future plans, will be available on the Company's website later today at:

http://www.infrastrata.co.uk/index.php?option=com_content&task=view&id=100&Itemid=59

Share capital reorganisation

Pursuant to the passing of resolution 8 at the AGM, the share capital reorganisation to change the nominal value of the Company's ordinary shares will take effect from close of business today. As a result of the share capital reorganisation, the Company's issued share capital will comprise 188,041,599 ordinary shares of 0.01p each ("Ordinary Shares") and in addition 895,424,391 deferred shares of 1p each (with no voting rights) and 18,616,118,301 second deferred shares of 0.01p each (with no voting rights).

The 188,041,599 Ordinary Shares will be admitted to trading on AIM from 1 February 2017 ("Admission"). The share capital reorganisation will not change the number of ordinary shares currently in issue.

The Company's ISIN (GB00B28YMP66), SEDOL (B28YMP6) and TIDM (INFA) will remain the same and existing share certificates will remain valid and will not be replaced.

In conjunction with the share capital reorganisation and pursuant to the passing of resolution 9, the Company's articles of association have been amended and will shortly be available on the Company's website http://www.infrastrata.co.uk/.

Total Voting Rights

Following Admission, the Company's total issued ordinary share capital will consist of 188,041,599 ordinary shares of 0.01p each, with one voting right each. No Ordinary Shares are held in treasury and therefore the total number of Ordinary Shares and voting rights in the Company will be 188,041,599 from Admission. This is the figure that should be used by shareholders 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 under the FCA's Disclosure Guidance and Transparency Rules.

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."

For further information please contact:

InfraStrata plc

Stewart McGarrity, Joint Managing Director 028 9051 1415

Anita Gardiner, Joint Managing Director

Nominated Adviser and Broker - Allenby Capital Limited

Jeremy Porter / Alex Brearley / Liz Kirchner 020 3328 5656

Financial PR - Camarco

Billy Clegg / Gordon Poole 020 3757 4980

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 October 2013, the gas storage project was granted a 'Project of Common Interest' ("PCI") status by the European Commission. In 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the Commission. The final stage before a Final Investment Decision will be the Front-End Engineering Design and Commercialisation of the project. To date approximately GBP11m has been invested in the project.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 31, 2017 07:39 ET (12:39 GMT)