ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

INFA Infrastrata Plc

18.125
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Infrastrata Plc LSE:INFA London Ordinary Share GB00BLPJ1272 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 18.125 17.75 18.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Infrastrata PLC Result of general meeting (3013J)

27/06/2017 11:37am

UK Regulatory


Infrastrata (LSE:INFA)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Infrastrata Charts.

TIDMINFA

RNS Number : 3013J

Infrastrata PLC

27 June 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

27 June 2017

InfraStrata plc

("InfraStrata" or the "Company")

Result of general meeting

The Company announces that at the general meeting of the Company held earlier today, resolutions 1, 2, 4, 5, 6, 7 and 9 were passed and resolution 10 was not passed. Resolutions 3 and 8 were withdrawn. Accordingly, Adrian Richard Pocock and Peter Verdun Wale have been appointed as directors of the Company with immediate effect and Ken Ratcliff, Stewart McGarrity, Andrew Hindle and Maurice Hazzard are no longer directors of the Company.

At the general meeting, a poll was taken on all resolutions proposed, the results of which are set out below:

 
 ORDINARY RESOLUTIONS            For        Against           Result 
--------------------------  ------------  -----------  -------------------- 
  1....... To appoint 
   Adrian Pocock                                        The Resolution 
   as a director             116,946,868   93,171,317    was 
                               (55.66%)     (44.34%)      carried 
--------------------------  ------------  -----------  -------------------- 
  2....... To appoint 
   Peter Wale as                                        The Resolution 
   a director                116,946,868   93,171,317    was 
                               (55.66%)     (44.34%)      carried 
--------------------------  ------------  -----------  -------------------- 
  3....... To remove              -            -        The Resolution 
   Anita Gardiner                                        had no application 
   as a director                                         and was therefore 
                                                         not put to the 
                                                         Meeting 
--------------------------  ------------  -----------  -------------------- 
  4....... To remove 
   Maurice Hazzard                                      The Resolution 
   as a director             115,710,240   94,407,945    was 
                               (55.07%)     (44.93%)      carried 
--------------------------  ------------  -----------  -------------------- 
  5....... To remove 
   Andrew Hindle                                        The Resolution 
   as a director             116,946,068   93,172,117    was 
                               (55.66%)     (44.34%)      carried 
--------------------------  ------------  -----------  -------------------- 
  6....... To remove 
   Stewart McGarrity                                    The Resolution 
   as a director             115,710,240   94,407,945    was 
                               (55.07%)     (44.93%)      carried 
--------------------------  ------------  -----------  -------------------- 
  7....... To remove 
   Kenneth Ratcliff                                     The Resolution 
   as a director             115,710,240   94,407,945    was 
                               (55.07%)     (44.93%)      carried 
--------------------------  ------------  -----------  -------------------- 
  8....... To remove              -            -        The Resolution 
   any director appointed                                had no application 
   since 18(th) May                                      and was therefore 
   2017                                                  not put to the 
                                                         Meeting 
--------------------------  ------------  -----------  -------------------- 
  9....... To grant 
   the directors 
   authority to allot 
   shares on the 
   basis set out 
   in the Notice                                        The Resolution 
   of General Meeting        143,046,269   52,173,594    was 
                               (73.27%)     (26.73%)      carried 
--------------------------  ------------  -----------  -------------------- 
 SPECIAL RESOLUTION 
--------------------------  ------------  -----------  -------------------- 
  10..... To disapply 
   pre-emption rights 
   on the basis set 
   out in the Notice                                    The Resolution 
   of General Meeting        142,039,559   53,180,304    was 
                               (72.76%)     (27.24%)      not carried 
--------------------------  ------------  -----------  -------------------- 
 

Disclosures on the new directors pursuant to Schedule 2(g) of the AIM Rules for Companies will be the subject of further announcements.

Allenby Capital Limited ("Allenby Capital") is required as the Company's Nominated Adviser to undertake customary due diligence regarding the new directors of the Company and this due diligence is ongoing and further updates will be announced in due course. In the event that Allenby Capital is unable reach a satisfactory conclusion in this regard, it may be unable to continue to act as the Company's Nominated Adviser. In the absence of the appointment of a new nominated adviser, trading in the Company's Ordinary Shares on AIM will be suspended immediately. Under the AIM Rules, if the Company cannot appoint a replacement nominated adviser within one month of such suspension, the admission of the Company's ordinary shares to trading on AIM will be cancelled.

For further information, please contact:

 
 InfraStrata plc 
  Walter Roberts, Company Secretary    028 9051 1415 
 Allenby Capital Limited (Nominated 
  Adviser & Broker) 
  Jeremy Porter / Alex Brearley 
  / Liz Kirchner                       020 3328 5656 
 

-ENDS-

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."

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.

Further information is available on the project company's website: www.islandmageestorage.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

ROMFRMMTMBJTBIR

(END) Dow Jones Newswires

June 27, 2017 06:37 ET (10:37 GMT)

1 Year Infrastrata Chart

1 Year Infrastrata Chart

1 Month Infrastrata Chart

1 Month Infrastrata Chart

Your Recent History

Delayed Upgrade Clock