Infrastrata PLC Director shareholding (8398W)

TIDMINFA

RNS Number : 8398W

Infrastrata PLC

06 August 2018

6 August 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, COO of InfraStrata, has purchased a total of 2,220,335 ordinary shares of 0.01p each in the Company ("Ordinary Shares") at an average price of 0.629p per share and is now beneficially interested in 36,238,270 Ordinary Shares, equivalent to 3.51% of the Company's issued share capital.

For further information, please contact:

 
 InfraStrata plc                                  c/o Yellow Jersey 
  Adrian Pocock, Chief Executive                   [phone] 
                                                   8825 
 Allenby Capital Limited (AIM Nominated 
  Adviser & Joint Broker)                         [phone] 
  Jeremy Porter / Alex Brearley / Liz Kirchner     5656 
 SI Capital Limited (Joint Broker)                [phone] 
  Nick Emerson                                     4038 
 Yellow Jersey                                    [phone] 
  Tim Thomson                                      8825 
 

-ENDS-

Notes to editors:

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         COO (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, 
       type of                 GB00B28YMP66 
       instrument 
       Identification 
       code 
     ---------------------  ----------------------------------------- 
 b)   Nature of              Purchase of Ordinary Shares 
       the transaction 
     ---------------------  ----------------------------------------- 
 c)   Price(s)                Price(s)   Volume(s) 
       and volume(s)           0.6298p    1,268,419 
                               0.6291p    951,916 
                                         ---------- 
     ---------------------  ----------------------------------------- 
 d)   Aggregated 
       information 
       - Aggregated            2,220,335 
       volume 
       - Price                 average price of 0.629p per share 
     ---------------------  ----------------------------------------- 
 e)   Date of                3 August 2018 
       the transaction 
     ---------------------  ----------------------------------------- 
 f)   Place of               London Stock Exchange 
       the transaction 
     ---------------------  ----------------------------------------- 
 

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END

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August 06, 2018 02:01 ET (06:01 GMT)