Share Name Share Symbol Market Type
Infrastrata Plc Ord GBP0.0001 NEX:INFA.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01p -1.61% 0.61p 0.59p 0.64p 0.625p 0.59p 0.62p 10,422,744 16:30:04

Infrastrata PLC Director shareholding

05/10/2018 9:36am

UK Regulatory (RNS & others)


Infrastrata Plc Ord GBP0.0001 (NEX:INFA.GB)
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TIDMINFA

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                                  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)              0.587p     1,348,427 
                                            ---------- 
     ------------------------  -------------------------------------- 
 d)   Aggregated 
       information                n/a 
       - Aggregated 
       volume 
       - Price 
     ------------------------  -------------------------------------- 
 e)   Date of                   5 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

DSHGIBDGXXGBGIU

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October 05, 2018 04:36 ET (08:36 GMT)

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