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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Legal & General Group Plc | LSE:LGEN | London | Ordinary Share | GB0005603997 | ORD 2 1/2P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.10 | -0.83% | 251.00 | 250.90 | 251.10 | 254.20 | 250.60 | 253.50 | 22,933,103 | 15:28:44 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ins Agents,brokers & Service | 36.48B | 457M | 0.0764 | 32.89 | 15.03B |
From Apr 2019 to Apr 2024
TIDMINFA TIDMLGEN
RNS Number : 4427A
Infrastrata PLC
11 September 2018
11 September 2018
InfraStrata plc
("InfraStrata" or the "Company")
Holdings in Company
InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity, announces that the Company's Board became aware yesterday of a notification of a change in major holdings from Legal & General Group Plc that took place on 10 April 2018 and was sent to the Company on 12 April 2018 ("Notification"). This Notification was made as a result of a change in the number of ordinary shares in issue in the Company (and not through an acquisition or disposal of shares) and is set out below.
It is important to note that this Notification, as set out below, has now been superseded by the notification announced yesterday, which confirmed that as from 1 June 2018, Legal & General Group Plc holds less than 3 per cent. of the Company's issued share capital.
The new executive team at InfraStrata has taken steps to improve IT and ensure that any future such notifications are announced to the market in a timely manner.
The standard form TR-1 notification of major holdings that was received on 12 April 2018 is reproduced below.
TR-1: Standard form for notification of major holdings
Hot Features
Premium
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)(i)
1a. Identity of the issuer or the Infrastrata Plc
underlying issuer of existing shares 2138001JAP311MVUZ948
to which voting rights are attached(ii)
:
---------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
-------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights
-------------
An acquisition or disposal of financial instruments
-------------
An event changing the breakdown of voting rights x
-------------
Other (please specify)(iii) :
-------------
3. Details of person subject to the notification obligation(iv)
Name
Legal & General Group Plc (Group)
Legal & General Investment Management
Limited (LGIM)
City and country of registered office 1 Coleman St, London EC2R 5AA
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name
Legal & General Assurance Society
(LGAS)
---------------------------------------------------------
City and country of registered office 1 Coleman St, London EC2R 5AA
(if applicable)
---------------------------------------------------------
5. Date on which the threshold was
crossed or reached(vi) : 10 April 2018
---------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY):
12 April 2018
---------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting
to shares (total instruments 8.B) rights of
of 8. A) (total of 8.B issuer(vii)
1 + 8.B 2)
------------------------ ----------------------- ------------------ -------------
Resulting situation
on the date
on which threshold
was crossed
or reached 3.57% (L&G) - 3.57% (L&G) 894,973,653
------------------------ ----------------------- ------------------ -------------
Resulting situation
on the date
on which threshold
was crossed
or reached Below 5% (LGIM) - Below 5% (LGIM) 894,973,653
------------------------ ----------------------- ------------------ -------------
Position of 5.10% (L&G) - 5.10% (L&G)
previous notification
(if
applicable)
------------------------ ----------------------- ------------------ -------------
Position of 9.93% (LGIM) - 9.93% (LGIM)
previous notification
(if
applicable)
------------------------ ----------------------- ------------------ -------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
ORD GBP0.01 (L&G
Group) 31,975,000 - 3.57% -
-------------------- --------------------- ----------------------------------- ---------------------
ORD GBP0.01 (L&G - Below 5% - Below 5%
Group)
-------------------- --------------------- ----------------------------------- ---------------------
SUBTOTAL 8. A 31,975,000 3.57%
------------------------------------------- ----------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date(x) Conversion rights that may rights
instrument Period(xi) be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- ----------------------------------- ---------------------
SUBTOTAL 8. B 1
--------------------- ----------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date(x) Conversion cash voting rights rights
instrument Period (xi) settlement(xii)
--------------------- --------------------- ---------------- -----------------
SUBTOTAL 8.B.2
---------------- -----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights x
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
Name(xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
----------------------- ---------------------- ----------------------
Legal & General Below 5% Below 5%
Group (Direct/Indirect)
----------------------- ---------------------- ----------------------
Legal & General Below 5% Below 5%
Investment Management
(Holdings) Limited
(Direct/Indirect)
----------------------- ---------------------- ----------------------
Legal & General
Assurance Society
(Direct) 3.57% 3.57%
----------------------- ---------------------- ----------------------
Legal & General Below 5% Below 5%
Group (Direct/Indirect)
----------------------- ---------------------- ----------------------
Legal & General Below 5% Below 5%
Investment Management
(Holdings) Limited
(Direct/Indirect)
----------------------- ---------------------- ------------------------
Legal & General
Assurance (Pensions
Management) Limited
(Direct) 0% 0%
----------------------- ---------------------- ------------------------
Legal & General Below 5% Below 5%
Group (Direct/Indirect)
----------------------- ---------------------- ------------------------
Legal & General Below 5% Below 5%
Investment Management
(Holdings) Limited
(Direct/Indirect)
----------------------- ---------------------- ------------------------
Legal & General Below 5% Below 5%
Investment Management
Limited (Indirect)
----------------------- ---------------------- ------------------------
Legal & General Below 5% Below 5%
Group (Direct/Indirect)
----------------------- ---------------------- ------------------------
Legal & General Below 5% Below 5%
Investment Management
(Holdings) Limited
(Direct/Indirect)
----------------------- ---------------------- ------------------------
Legal & General
(Unit Trust Managers)
Limited (Indirect) 0% 0%
----------------------- ---------------------- ------------------------
Legal & General Below 5% Below 5%
Group (Direct/Indirect)
----------------------- ---------------------- ------------------------
Legal & General Below 5% Below 5%
Investment Management
(Holdings) Limited
(Direct/Indirect)
----------------------- ---------------------- ------------------------
Go ETF Solutions 0% 0%
----------------------- ---------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder N/A
----------------------------------------------
The number and % of voting rights N/A
held
----------------------------------------------
The date until which the voting rights N/A
will be held
----------------------------------------------
11. Additional information(xvi)
Notification using the total voting rights figure of 894,973,653
Place of completion Brunel House, 2 Fitzalan Road, Cardiff, CF24 0EB
Date of completion 12/04/2018
-------------------------------------------------
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 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."
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
HOLLLFFFAFILLIT
(END) Dow Jones Newswires
September 11, 2018 08:28 ET (12:28 GMT)
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