TIDMINFA
RNS Number : 9543X
Infrastrata PLC
27 February 2017
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 ("RIS"), this inside information is now considered to be in
the public domain.
27 February 2017
InfraStrata plc
("InfraStrata" or the "Company")
Results of proposed placing
Further to the announcement made earlier today, InfraStrata plc
(AIM: INFA), the independent gas storage company, is pleased to
announce the completion of a placing of 162,000,000 new ordinary
shares of 0.01p each in the Company (the "Placing Shares") at a
price of 0.5 pence per Placing Share (the "Placing Price") to raise
a total of GBP810,000 before expenses (approximately GBP740,000
after expenses) (the "Placing"). The Directors of InfraStrata are
pleased to report that due to excess investor demand, the Placing
raised more than the GBP750,000 targeted.
The Placing is subject to admission of the Placing Shares to
trading on AIM ("Admission"). Application will be made for the
Placing Shares to be admitted to trading on AIM and it is expected
that Admission will take place on 3 March 2017.
The Placing Price represents a discount of approximately 26.5
per cent. to the closing middle market price of an ordinary share
of 0.68 pence on 24 February 2017, being the latest practicable
closing middle market price prior to the announcement of the
Company's intention to perform the Placing.
The Placing Shares will represent, in aggregate, approximately
46 per cent. of the Company's issued ordinary share capital as
enlarged by the issue of the Placing Shares. The Placing was
conducted within the Company's existing share allotment
authorities. The Placing Shares, when duly issued and fully paid,
will rank pari passu in all respects with the Company's existing
ordinary shares. The Placing has not been underwritten.
Further details regarding the background to the Placing and the
use of the Placing proceeds can be found in the Company's
announcement made earlier today.
Total Voting Rights
The Placing is conditional, among other things, upon Admission
becoming effective. Following Admission, the Company's issued
ordinary share capital will consist of 350,041,599 ordinary shares,
with one voting right each. The Company does not hold any ordinary
shares in treasury. Therefore, the total number of ordinary shares
and voting rights in the Company will be 350,041,599. With effect
from Admission, this 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 a
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
Anita Gardiner, Joint Managing
Director
Stewart McGarrity, Joint Managing
Director +44 (0) 28 9051 1415
Allenby Capital Limited (Nominated
Adviser & Broker)
Jeremy Porter / Alex Brearley
/ Liz Kirchner +44 (0)20 3328 5656
Important notice
Neither the contents of the Company's website nor the contents
of any website accessible from hyperlinks on the Company's website
(or any other website) is incorporated into, or forms part of, this
announcement.
This announcement does not constitute, or form part of, a
prospectus relating to the Company, nor does it constitute or
contain any invitation or offer to any person, or any public offer,
to subscribe for, purchase or otherwise acquire any shares in the
Company or advise persons to do so in any jurisdiction, nor shall
it, or any part of it form the basis of or be relied on in
connection with any contract or as an inducement to enter into any
contract or commitment with the Company.
The content of this announcement has not been approved by an
authorised person within the meaning of the Financial Services and
Markets Act 2000 ("FSMA").
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in
the United States, except pursuant to an applicable exemption from
registration. No public offering of securities is being made in the
United States. This announcement is not for release, publication or
distribution, directly or indirectly, in or into the United States,
Australia, Canada, the Republic of South Africa, Japan or any
jurisdiction where to do so might constitute a violation of local
securities laws or regulations (a "Prohibited Jurisdiction"). This
announcement and the information contained herein are not for
release, publication or distribution, directly or indirectly, to
persons in a Prohibited Jurisdiction unless permitted pursuant to
an exemption under the relevant local law or regulation in any such
jurisdiction. This announcement has been issued by and is the sole
responsibility of the Company.
Allenby Capital Limited is acting solely as nominated adviser
and broker exclusively for the Company and no one else in
connection with the contents of this announcement and will not
regard any other person (whether or not a recipient of this
announcement) as its client in relation to the contents of this
announcement nor will it be responsible to anyone other than the
Company for providing the protections afforded to its clients or
for providing advice in relation to the contents of this
announcement. Apart from the responsibilities and liabilities, if
any, which may be imposed on Allenby Capital Limited by FSMA or the
regulatory regime established thereunder, Allenby Capital Limited
accepts no responsibility whatsoever, and makes no representation
or warranty, express or implied, for the contents of this
announcement including its accuracy, completeness or verification
or for any other statement made or purported to be made by it, or
on behalf of it, the Company or any other person, in connection
with the Company and the contents of this announcement, whether as
to the past or the future. Allenby Capital Limited accordingly
disclaims all and any liability whatsoever, whether arising in
tort, contract or otherwise (save as referred to above), which it
might otherwise have in respect of the contents of this
announcement or any such statement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEOKODDNBKDPBB
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