Infrastrata PLC London Shareholder Evening

TIDMINFA

Infrastrata PLC

08 May 2019

08 May 2019

InfraStrata plc

("InfraStrata" or the "Company")

London Shareholder Evening

InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity in Northern Ireland, is pleased to announce that, further to its announcement on 11 April 2019, it will be hosting a shareholder update evening today, 08 May 2019, at 6:00 p.m. at 1 America Square Conference Centre, 17 Crosswall Street, London, EC3N 2LB.

John Wood, Chief Executive and Interim Chairman, and key members of the executive team will provide a corporate presentation followed by a Q&A session and they look forward to meeting existing and prospective investors.

Pre-registration is required for attendance. To confirm attendance, please email [e-mail].

No new material information will be released at the event.

For further information, please contact:

 
 InfraStrata plc                           c/o Yellow Jersey 
  John Wood, Chief Executive                [phone] 
                                            8825 
 Allenby Capital Limited (AIM Nominated 
  Adviser & Joint Broker)                  [phone] 
  Jeremy Porter / Liz Kirchner              5656 
 SI Capital Limited (Joint Broker)         [phone] 
  Nick Emerson                              4038 
 Yellow Jersey                             [phone] 
  Tim Thompson / Henry Wilkinson            9512 
 

-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.infrastrataplc.com

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. The facility 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 was completed in November 2018 and the FEED report was submitted to the European Union in December 2018 in accordance with the Company's grant conditions. To date approximately GBP14.5m has been invested in the project.

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

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 [e-mail] or visit www.rns.com.

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(END) Dow Jones Newswires

May 08, 2019 02:00 ET (06:00 GMT)