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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Infrastructure India Plc | LSE:IIP | London | Ordinary Share | IM00B2QVWM67 | 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% | 0.035 | 0.02 | 0.05 | 0.035 | 0.02575 | 0.035 | 0.00 | 08:00:20 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -2.2M | -140.03M | -0.2053 | 0.00 | 204.63k |
From Apr 2019 to Apr 2024
TIDMIIP TIDMTTM
RNS Number : 1315F
Infrastructure India plc
10 July 2019
10 July 2019
Infrastructure India plc
("IIP", the "Company and together with its subsidiaries the "Group")
Issue of Management Agreement Annual Fee Shares
Director/PDMR Shareholding
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announced the terms of a revised and restated management and valuation and portfolio services agreement (the "Management Agreement") with the Company's existing asset manager, Franklin Park Management, LLC (the "Asset Manager") on 20 June 2019. Pursuant to the Management Agreement, the Asset Manager is to be issued with 605,716 new ordinary shares in the Company on 1 July each calendar year for the duration of the Management Agreement ("Annual Fee Shares").
The Company announces that it has today conditionally issued a total of 605,716 new ordinary shares in the Company to the Asset Manager (the "New Ordinary Shares"), being Annual Fee Shares which were due for issue by the Company to the Asset Manager on 1 July 2019.
Following the issue of the New Ordinary Shares, the Asset Manager is now interested in a total of 1,817,148 ordinary shares in the Company, representing 0.27% of the Company's enlarged issued share capital, as enlarged by the issue of the New Ordinary Shares.
Tom Tribone, Sonny Lulla and Rob Venerus, each directors of the Company, collectively own the entire issued of the share capital of the Asset Manager.
Application has been made for the New Ordinary Shares, which will rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM on 16 July 2019.
From Admission, the Company will have 682,084,189 ordinary shares in issue with no ordinary shares held in treasury. This is the total number of voting rights in IIP and may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
The notifications below, made in accordance with the requirements of the Market Abuse Regulation, provide further details.
Enquiries:
Hot Features
Premium
Infrastructure India plc www.iiplc.com
Sonny Lulla
Cenkos Securities plc
Nominated Adviser & Joint Broker
Azhic Basirov / Ben Jeynes +44 (0) 20 7397 8900
Nplus1 Singer Advisory LLP
Joint Broker
James Maxwell - Corporate Finance
James Waterlow - Investment Fund Sales +44 (0) 20 7496 3000
Novella +44 (0) 20 3151 7008
Financial PR
Tim Robertson / Toby Andrews
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 Thomas Anthony Tribone
------------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status PDMR (Director) - notification
concerns the grant of new
ordinary shares to an entity
in which the PDMR is beneficially
interested
------------------------------------------ --------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Infrastructure India plc
------------------------------------------ --------------------------------------
b) LEI 213800M623GQQAG11656
------------------------------------------ --------------------------------------
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 Ordinary shares of 1p each
instrument, type of instrument
------------------------------------------ --------------------------------------
Identification code IM00B2QVWM67
------------------------------------------ --------------------------------------
b) Nature of the transaction Grant of new ordinary shares
to an entity in which the
PDMR is beneficially interested
------------------------------------------ --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------- -----------------
GBP0.00 605,716
------------------------------------------------------------------- -----------------
d) Aggregated information
--------------------------------------------------------------- -----------------
Aggregated volume N/A - single transaction
------------------------------------------ -------------------------------------------
Price N/A - single transaction
------------------------------------------ -------------------------------------------
e) Date of the transaction 10 July 2019
------------------------------------------ --------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Rahul (Sonny) Lulla
------------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status PDMR (Director) - notification
concerns the grant of new
ordinary shares to an entity
in which the PDMR is beneficially
interested
------------------------------------------ --------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Infrastructure India plc
------------------------------------------ --------------------------------------
b) LEI 213800M623GQQAG11656
------------------------------------------ --------------------------------------
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 Ordinary shares of 1p each
instrument, type of instrument
------------------------------------------ --------------------------------------
Identification code IM00B2QVWM67
------------------------------------------ --------------------------------------
b) Nature of the transaction Grant of new ordinary shares
to an entity in which the
PDMR is beneficially interested
------------------------------------------ --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------- -----------------
GBP0.00 605,716
------------------------------------------------------------------- -----------------
d) Aggregated information
--------------------------------------------------------------- -----------------
Aggregated volume N/A - single transaction
------------------------------------------ -------------------------------------------
Price N/A - single transaction
------------------------------------------ -------------------------------------------
e) Date of the transaction 10 July 2019
------------------------------------------ --------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ --------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Robert Venerus
------------------------------------------ --------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------
a) Position/status PDMR (Director) - notification
concerns the grant of new
ordinary shares to an entity
in which the PDMR is beneficially
interested
------------------------------------------ --------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------------------ --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name Infrastructure India plc
------------------------------------------ --------------------------------------
b) LEI 213800M623GQQAG11656
------------------------------------------ --------------------------------------
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 Ordinary shares of 1p each
instrument, type of instrument
------------------------------------------ --------------------------------------
Identification code IM00B2QVWM67
------------------------------------------ --------------------------------------
b) Nature of the transaction Grant of new ordinary shares
to an entity in which the
PDMR is beneficially interested
------------------------------------------ --------------------------------------
c) Price(s) and volumes(s) Price(s) Volume(s)
------------------------------------------ ------------------- -----------------
GBP0.00 605,716
------------------------------------------------------------------- -----------------
d) Aggregated information
--------------------------------------------------------------- -----------------
Aggregated volume N/A - single transaction
------------------------------------------ -------------------------------------------
Price N/A - single transaction
------------------------------------------ -------------------------------------------
e) Date of the transaction 10 July 2019
------------------------------------------ --------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------------------ --------------------------------------
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
MSCBXGDRXUBBGCG
(END) Dow Jones Newswires
July 10, 2019 09:56 ET (13:56 GMT)
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