RNS Releases
27/11/2017 - Notification of Major Interest in Shares PDF Print E-mail
pdf View or download the release 
 
09/11/2017 - Board Changes PDF Print E-mail

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.

9 November 2017

InfraStrata plc

("InfraStrata" or the "Company")

Board changes


InfraStrata plc (AIM: INFA), the only UK quoted company focused on gas storage, is pleased to announce the appointment of Karen Campbell as a Non-Executive Director of the Company with immediate effect. Karen brings with her extensive experience, skills and contacts from her background of managing major construction projects.

The Board also wishes to announce the resignation of Peter Wale as a Non-Executive Director, with immediate effect. Peter has been fundamentally important to the success of taking the Company forwards, following the general meeting on 27 June 2017, when he was appointed as a Non-Executive Director.

The Company has been through a period of transition since the general meeting in June and now has the key members of its Board in place as well as having raised funds as announced on 2 October 2017 which has put the Company in a stronger position from which to seek longer-term sources of financing.

Karen Campbell

Karen Campbell is a highly experienced, well connected senior property and infrastructure development executive, with extensive leadership experience in major complex London, national and international infrastructure, rail, mixed commercial and residential development programmes. Since 2015, she worked as Senior Development Manager and subsequently Head of Oversite Development for Crossrail Limited to develop its extensive property portfolio including prime office, retail and residential space. Karen has recently been appointed as Head of Commercial Development for Euston & Old Oak Common at High Speed Two (HS2) Limited, the company responsible for developing and promoting the UK's new high-speed rail network. Karen is a member of the Royal Institution of Chartered Surveyors and began her career with Colliers CRE Chartered Surveyors, going on to hold senior level positions with organisations such as Montagu Evans LLP, BT Group plc and Manchester Airport Group.

Adrian Pocock, Chief Executive of InfraStrata, commented:

"Further to the recent appointments of Graham Lyon and Matthew Beardmore, we are delighted to welcome Karen Campbell to join our Board. Karen has significant experience with large infrastructure projects and brings excellent contacts and negotiating leverage.

It is with great regret that Peter has decided that he can no longer commit the time necessary to continue in his role with InfraStrata, as a result of his exceptionally busy schedule relating to his other directorship with Strategic Minerals plc.

Peter has stated that he intends to retain his shareholding in InfraStrata and we part with reciprocal best wishes to the future success of both companies.

Peter has made a huge contribution to the Company over the last four months or so, and the new Board thanks him for his determination in ensuring that the Company is now in a position to move forwards"

AIM rules disclosures

Karen Campbell (neé Estlick and Jenner is Ms Campbell's married name now) is aged 41 and is currently a director of KC Advisory Management Limited.

Karen was a director of LDL Management Limited until 15 January 2015, which was put into a creditors' voluntary liquidation on 22 January 2015 with an estimated deficiency to creditors and members of approximately £172,000. 

For further information, please contact:

InfraStrata plc

Adrian Pocock, Chief Executive


+44 (0)28 9051 1415

Allenby Capital Limited (AIM Nominated Adviser & Broker)

Jeremy Porter / Alex Brearley / Liz Kirchner


+44 (0)20 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 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the Commission. To date approximately £11m has been invested in the project.

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

pdf View or download the release 

 
7/11/2017 - Appointment of Chairman and Non-Executive director to the Board PDF Print E-mail

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.

7 November 2017

InfraStrata plc

("InfraStrata" or the "Company")

Appointment of Chairman and Non-Executive director to the Board

and change of registered office

InfraStrata plc (AIM: INFA), the only UK quoted company focused on gas storage, is pleased to announce the appointments of Graham Lyon as Non-Executive Chairman and Matthew Beardmore as a Non-Executive Director of the Company with immediate effect. These new directors bring with them experience, skills and contacts within the energy sector and with EU funding. Peter Wale will now fulfil the role of Non-Executive Director.

Graham Lyon - Non-Executive Chairman

Graham is a senior energy, oil and gas executive with over 30 years' experience encompassing global technical, operational and commercial leadership roles.

He is currently a Director of Soncer Limited, a private Oil and Gas leadership consulting firm, undertaking board and executive positions for private and listed companies. He has actively led and advised on major M&A transactions and the financing and restructuring of companies and projects throughout the world.

Graham is Executive Chairman at Comet Energy, a private Canadian oil and gas company and is Non-Executive Chairman of Pearland Energy, a Nigerian oil and gas company. Graham also Chairs the Technical Advisory Committee and is a Board Advisor to Sirius Petroleum plc (AIM: SRSP) where he has helped structure the vendor financing consortia that Sirius has put together to develop its Nigerian oil production assets.

Graham has recently held a number of board level positions at private and listed companies including; Non-Executive Director at Tarbagatay Munay LLP, a private Kazakhstani oil and gas company where he also chaired the Corporate Governance committee, Hawkley Oil & Gas Limited (ASX: HOG), Range Resources Limited (AIM: RRL, ASX: RRS) where he chaired the Reserves committee and was a member of Remuneration, Nomination and Corporate Governance committees, and MENA Hydrocarbons (TSX: MNH) as CEO. Before establishing Soncer, Graham was Vice President of Petro-Canada (TSX: PCA), where he led business development for its international business unit, which was formerly the international company Veba Oil and Gas GmbH. In his earlier technical career he worked for Shell and Chevron.

 

Matthew Beardmore - Non-Executive Director

Matthew is a practising solicitor and quantity surveyor who has been primarily focused on the delivery of major built environment and infrastructure projects from conception to completion. During the last 20 years Matthew has had responsibility for the contractual, operational and commercial performance of a portfolio of projects worth in aggregate over £3bn. This has ranged from power plants to football stadia as well as major urban regeneration schemes. Within the last five years Matthew has obtained significant experience and knowledge through working in a role as Head of Capital Projects for a UK regional government authority. He therefore, has significant experience with the EU funding framework. The Board believes that these skills are going to be very beneficial to InfraStrata and will ensure the Company maximises its potential in this area.

InfraStrata's former interim Non-Executive Chairman, Peter Wale, commented:

"As we move forward with the future strategy for the Company, we believe that these new Directors will be invaluable in helping us to progress. Given their backgrounds and networks, we view their decision to join the Board as a strong endorsement of our vision to create shareholder value. Graham brings a wealth of world-wide expertise and contacts across the wider energy industry. He has played active roles in business restructuring and refinancing companies and enabling businesses turnarounds. Matthew's professional background, project management experience and familiarity with EU funding are indispensable skills for the Company. We are delighted to welcome them on to our Board.

Furthermore, we anticipate one additional board member to be confirmed shortly."

AIM rules disclosures

Matthew Beardmore

Matthew Paul Beardmore, aged 39, is beneficially interested in 1,500,903 ordinary shares in InfraStrata, equivalent to 0.3% of the Company's issued ordinary share capital, held via an individual savings account with Interactive Investors.

Within the last five years Matthew has been a director of Beardmore Kyle (a private unlimited company) and save for InfraStrata, does not currently hold any directorships or partnerships.

Graham Lyon

Graham Victor Lyon, aged 60, is beneficially interested in 914,085 ordinary shares in InfraStrata, equivalent to 0.18% of the Company's issued ordinary share capital, held through Interactive Investors.

Graham is, or has during the last five years been, a director or partner of the following companies and partnerships:

Current directorships/partnerships

Past directorships/partnerships within the last five years

Comet Energy Limited

Soncer Limited

Soncer Bel BvBa

Cleve Cross Court Management Company Limited

The Exchange RTM Company Limited

Pearland Energy Nig Ltd*

Tate Petroleum LTD**

Clarion Petroleum LTD***


Range Resources Limited

Hawkley Oil & Gas Limited

MENA Hydrocarbons Inc

VAL Energy Management Limited

Campion Close Freeholders Limited

Parkland Management Company Limited

MENA Hydrocarbons UK Services Limited (dissolved)

Tarbagatay Munay LLP****


* Mr Lyon is considered a director of Pearland Energy Nig Ltd pursuant to the definition within the AIM Rules for Companies but this is not a statutory directorship position.

** Mr Lyon is considered a director of Tate Petroleum LTD pursuant to the definition within the AIM Rules for Companies but this is not a statutory directorship position.

*** Mr Lyon is considered a director of Clarion Petroleum LTD pursuant to the definition within the AIM Rules for Companies but this is not a statutory directorship position.

**** Mr Lyon is considered a past director of Tarbagatay Munay LLP pursuant to the definition within the AIM Rules for Companies but was not a statutory directorship position.

Change of registered office

The Company's registered office will shortly be changed to 200 Strand, London WC2R 1DJ.

 

 

For further information, please contact:

InfraStrata plc

Adrian Pocock, Chief Executive


+44 (0)28 9051 1415

Allenby Capital Limited (AIM Nominated Adviser & Broker)

Jeremy Porter / Alex Brearley / Liz Kirchner


+44 (0)20 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 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the Commission. To date approximately £11m has been invested in the project.

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

pdf View or download the release 

 
26/10/2017 - Holdings in Company PDF Print E-mail

TR-1: Standard form for notification of major holdings


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 underlying issuer of existing shares to which voting rights are attachedii:

Infrastrata Plc

2138001JAP311MVUZ948

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 obligationiv

Name


Legal & General Group Plc (Group)


City and country of registered office (if applicable)

1 Coleman St, London EC2R 5AA

4. Full name of shareholder(s) (if different from 3.)v

Name


Legal & General Assurance Society (LGAS)

 

City and country of registered office (if applicable)

1 Coleman St, London EC2R 5AA

5. Date on which the threshold was crossed or reachedvi:


20 October 2017


6. Date on which issuer notified (DD/MM/YYYY):


24 October 2017

 


7. Total positions of person(s) subject to the notification obligation

 

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

6.38%

-

6.38%

501,041,599

Position of previous notification (if

applicable)

8.50%

-

8.50%

 


8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

ORD GBP0.01 (L&G Group)

31,975,000

-

6.38%

-

SUBTOTAL 8. A

31,975,000

6.38%


 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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) issuerxiii


 

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

x

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

Legal & General Group (Direct/Indirect)

6.38%


6.38%

 

Legal & General Investment Management (Holdings) Limited

(Direct/Indirect)

6.38%


6.38%

 

Legal & General Assurance Society (Direct)

6.38%


6.38%

 





 

Legal & General Group (Direct/Indirect)

6.38%


6.38%

 

Legal & General Investment Management (Holdings) Limited

(Direct/Indirect)

6.38%


6.38%

Legal & General Assurance (Pensions Management) Limited

(Direct)


0.00%



0.00%





Legal & General Group (Direct/Indirect)

6.38%


6.38%

Legal & General Investment Management (Holdings) Limited

(Direct/Indirect)

6.38%


6.38%

Legal & General Investment Management Limited (Indirect)

6.38%


6.38%





Legal & General Group (Direct/Indirect)

6.38%


6.38%

Legal & General Investment Management (Holdings) Limited

(Direct/Indirect)

6.38%


6.38%

Legal & General (Unit Trust Managers) Limited (Indirect)

0.00%


0.00%


 

 

10. In case of proxy voting, please identify:

 

Name of the proxy holder

N/A

 

The number and % of voting rights held

N/A

 

The date until which the voting rights will be held

N/A

 


 

 

11. Additional informationxvi

 


Notification using the total voting rights figure of 501,041,599

 


Place of completion

Brunel House, 2 Fitzalan Road, Cardiff, CF24 0EB

Date of completion

24/10/2017


pdf View or download the release 

 
20/10/2017 - Holdings in Company PDF Print E-mail

InfraStrata plc

("InfraStrata" or the "Company")

 

Holdings in Company

InfraStrata plc (AIM: INFA), the only UK listed company focused on gas storage, announces that following the issue and admission to trading on AIM today of 125,000,000 new ordinary shares in connection with the Placing announced on 2 October 2017, the directors' interests in ordinary shares in the Company remain unchanged, but as a result of dilution their percentage of the voting rights in the Company is now as set out below:


 

Number of ordinary

shares


% of voting rights in the

Company

Adrian Pocock*

12,655,055

2.53

Peter Wale**

9,889,000

1.97


* Held in Mr Pocock's SIPP in the name of Wealth Nominees Limited.

** 5,009,000 ordinary shares are held in Mr Wale's SIPP in the name of Hubwise Nominees Limited, 2,880,000 in an ISA

and 2,000,000 with Shard Capital.

 

For further information, please contact:

InfraStrata plc

Adrian Pocock, Chief Executive

+44 (0)28 9051 1415

Allenby Capital Limited (AIM Nominated Adviser & Broker)

Jeremy Porter / Alex Brearley / Liz Kirchner

+44 (0)20 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 2015 a well was drilled to core the salt and confirm the technical feasibility of the project, supported in part by the Commission. To date approximately £11m has been invested in the project.

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

pdf View or download the release 

 
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