RNS Releases
06-07-2017 - Holdings in Company PDF Print E-mail

TR-1: Standard form for notification of major holdings

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- tachedii:


Infrastrata Plc

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

X

An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify)iii:


3. Details of person subject to the notification obligationiv

Name

AXA Investment Managers

City and country of registered office (if applicable)

Puteaux - France

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

Name


City and country of registered office (if applicable)


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

04/07/2017

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

06/07/2017

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


% of voting rights at- tached to shares (to- tal of 8. A)

% of voting rights through financial instru- ments

(total of 8.B 1 + 8.B 2)


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

Total number of voting rights of is- suervii

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


0%


0%


0%


0%

Position of previous notification (if applicable)


9.97%


0%


9.97%




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)

GB00B28YMP66

0

0

0%

0%

SUBTOTAL 8. A

0

0%


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


Type of financial in- strument


Expiration datex


Exercise/ Conversion Periodxi

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 datex

Exercise/

Conversion Pe- riod 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)


 


Namexv

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

% of voting rights through financial in- struments if it equals or is higher than the

notifiable threshold

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






10. In case of proxy voting, please identify:

Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held


 

11. Additional Information

 

Place of completion

Paris - France

Date of completion

6 July 2017

 

pdf View or download the release 

 
30/06/2017 - Total Voting Rights PDF Print E-mail
30 June 2017

 

InfraStrata plc

("InfraStrata" or the "Company")

Total Voting Rights

InfraStrata plc (AIM: INFA), the independent gas storage company, announces that the issued share capital of the Company at the date of this announcement comprises 376,041,599 ordinary shares of 0.01 pence each, with one voting right per share ("Ordinary Shares"). The Company does not hold any Ordinary Shares in treasury. The total number of Ordinary Shares and voting rights in the Company is therefore 376,041,599.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

InfraStrata plc

Adrian Pocock, Chief Executive

028 9051 1415

Allenby Capital Limited (Nominated Adviser & Broker)

Jeremy Porter / Alex Brearley / Liz Kirchner

020 3328 5656

 

-ENDS-

 co-financed-eu-image.png


 

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 £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 

 
27/06/2017 - Board Appointments 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.

27 June 2017

InfraStrata plc

("InfraStrata" or the "Company")

Board appointments

Following the general meeting of the Company held earlier today, the new directors of the Company, Adrian Richard Pocock and Peter Verdun Wale have been appointed as directors of the Company in place of all previous directors of the Company. Mr Pocock has assumed the role of Chief Executive and Mr Wale has been appointed as Non-Executive Director and Interim Chairman.

Further details on the new directors are set out below. It is expected that additional directors will be appointed to the Board in due course. The new Board will be seeking to work with the former directors of the Company for an orderly transition.

Adrian Pocock, Chief Executive, commented:

"Peter and I are extremely grateful for the support of shareholders and look forward to beginning the process of validating that support by creating value for the Company. We acknowledge the achievement of the former directors of getting the Islandmagee project to its current stage and we look forward to their ongoing support."

The following details on the new directors are set out in accordance with Schedule 2(g) of the AIM Rules for Companies ("AIM Rules").

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. This may result in further disclosures being made in accordance with Schedule 2(g) of the AIM Rules as necessary in addition to those set out below. In the event that Allenby Capital is unable to 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.

 

Mr Adrian Richard Pocock (aged 58)

Adrian spent many years practising as a Chartered Surveyor (previously a Fellow of the Royal Institution of Chartered Surveyors), working for some of the largest property companies and partnerships in the UK at director level. He holds an MBA from Strathclyde Business School and studied Master's level Contract and Construction Law at the Glasgow School of Law. He has extensive property asset management experience, having led and been a member of a diverse range of project support teams, ranging from small companies to companies with property portfolios valued in excess of £3 billion. He has worked with some of the largest organisations in the UK, including the NHS, the Bank of England and British Land. He ran his own commercial property development company for 10 years.

Mr Pocock is beneficially interested in 12,655,055 ordinary shares in the Company, equivalent to 3.37% of the voting rights in the Company's total issued ordinary share capital, which are held in his SIPP in the name of Wealth Nominees Limited.

Mr Pocock currently holds or has held the following directorships and partnerships within the last five years:


Current directorships and partnerships

Past directorships and partnerships held within the last five years

None

Asset Management and Improvement Limited


Mr Pocock entered into voluntary sequestration in Scotland on 23 August 2007, as a result of a personal loan guarantee of £1.5 million being called upon, which was discharged on 23 August 2010.

Mr Pocock was a director at the time, or within the twelve months preceding, the date of the compulsory liquidation or administrative receivership of the following companies:

  • Joint-receivers were appointed to The R. Oak (Longton) Limited on 9 March 2007. Mr Pocock resigned as a director on 20 September 2007. Of total receipts of approximately £92,000, approximately £53,000 was paid to the charge holder. This company was subsequently dissolved on 5 May 2009.

  • Joint-receivers were appointed to The Jolly Roger (New Ollerton) Limited on 9 March 2007. Mr Pocock resigned as a director on 20 September 2007. Of total receipts of approximately £196,000, approximately £162,000 was paid to the charge holder. This company was subsequently dissolved on 20 January 2009.

  • S.L. Securities Limited (formerly Scotia Land Limited) was put into compulsory liquidation on 1 June 2007, with a resulting deficiency as regards creditors of approximately £3.75 million. Mr Pocock resigned as a director on 20 September 2007. The company was dissolved on 13 May 2008.

  • Scotia Land (Bath Street) Limited was put into compulsory liquidation on 22 August 2007. This company is still in liquidation. Mr Pocock resigned as a director on 20 September 2007.

  • Joint Venture Properties Limited was put into compulsory liquidation on 9 January 2008. Mr Pocock resigned as a director on 20 September 2007. Of total receipts of approximately £429,000, approximately £372,000 was paid to floating charge creditors. There were insufficient funds after the payment of fees and expenses to pay a dividend to unsecured creditors. The company was dissolved on 26 November 2009.

  • Joint Venture (Earl Grey Street) Limited was put into compulsory liquidation on 22 August 2007. Mr Pocock resigned as a director on 20 September 2007. There was a resulting substantial shortfall to the secured creditor and after the costs and expenses of the liquidation there were insufficient funds to pay a dividend to any class of creditors. This company was subsequently dissolved on 16 May 2012.


Mr Peter Verdun Wale (aged 47)

Peter holds a BA in Business Economics and Accounting from the University of Reading and has 25 years of diverse investing experience across developed and emerging markets. He has worked in equities trading for both Japanese and American investment firms, including Fidelity Investments, where he was a Pan-European small and mid-cap equities trader. He was most recently a partner and senior equities trader at a global hedge fund. Peter has been an active investor in the small and mid-cap space and has established an extensive network of investor contacts. He is a non- executive director of Strategic Minerals plc (AIM: SML) and a director of Cornwall Resources Limited, where in both cases he has been actively involved in the development of the companies and investor communication.

Mr Wale is beneficially interested in 9,889,000 ordinary shares in the Company, equivalent to 2.63% of the voting rights in the Company's total issued ordinary share capital, of which 5,009,000 are held in his SIPP in the name of Hubwise Nominees Limited, 2,880,000 in an ISA and 2,000,000 with Shard Capital.

Mr Wale currently holds or has held the following directorships and partnerships within the last five years:

Current directorships and partnerships

Past directorships and partnerships held within the last five years

Strategic Minerals plc

 

Cornwall Resources Limited

Habrok Capital Management LLP


For further information, please contact:

InfraStrata plc

Adrian Pocock, Chief Executive

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 £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 

 
27/06/2017 - Result of GM 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.

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 as a director

116,946,868

(55.66%)

93,171,317

(44.34%)

The Resolution was carried

2 To appoint Peter Wale as a director

116,946,868

(55.66%)

93,171,317

(44.34%)

The Resolution was carried

3 To remove Anita Gardiner as a director

-

-

The Resolution had no application and was therefore not put to the Meeting

4 To remove Maurice Hazzard as a director

115,710,240

(55.07%)

94,407,945

(44.93%)

The Resolution was carried

5 To remove Andrew Hindle as a director

116,946,068

(55.66%)

93,172,117

(44.34%)

The Resolution was carried

6 To remove Stewart McGarrity as a director

115,710,240

(55.07%)

94,407,945

(44.93%)

The Resolution was carried

7 To remove Kenneth Ratcliff as a director

115,710,240

(55.07%)

94,407,945

(44.93%)

The Resolution was carried

8 To remove any director appointed since 18th May 2017

-

-

The Resolution had no application and was therefore not put to the Meeting

9 To grant the directors authority to allot shares on

the basis set out in the Notice of General Meeting

143,046,269

(73.27%)

52,173,594

(26.73%)

The Resolution was carried

SPECIAL RESOLUTION

 

 

 

10 To disapply pre-emption rights on the basis set out in the Notice of General

Meeting

142,039,559

(72.76%)

53,180,304

(27.24%)

The Resolution was 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-

co-financed-eu-image.png

 

 

 

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 £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 

 
26/06/2017 - Board Change PDF Print E-mail

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

26 June 2017

InfraStrata plc

("InfraStrata" or the "Company")

Board Change

InfraStrata plc (AIM:INFA) announces today that Anita Gardiner is stepping down from her position as director with immediate effect to pursue new opportunities.

The Board would like to thank Anita for her contribution to the Company and wish her well for the future.

For further information please contact: InfraStrata plc

Stewart McGarrity / Andrew Hindle +44 (0) 28 9051 1415 Nominated Adviser and Broker - Allenby Capital Limited

Jeremy Porter / Alex Brearley / Liz Kirchner +44 (0)20 3328 5656

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 £11m has been invested in the project.

co-financed-eu-image.png

 

 

 

 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."

pdf View or download the release 

 
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