Last checked at 9 Apr 2019 07:00
9 April 2019
Infrastructure India plc
("IIP", the "Company and together with its subsidiaries the "Group")
Director/PDMR Shareholding
Infrastructure India plc, an AIM quoted infrastructure fund investing directly into assets in India, announces that on 8 April 2019 that, Sonny Lulla, Chief Executive Officer of the Company, purchased 600,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 3.83 pence per Ordinary Share.
Following this transaction, Mr. Lulla is now beneficially interested in a total of 2,500,000 Ordinary Shares, representing 0.37% of the Company's issued ordinary share capital.
The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further details.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities / person closely associated | ||
a) | Name | Rahul (Sonny) Lulla | |
2 | Reason for the notification | ||
a) | Position/status | PDMR (Director) | |
b) | Initial notification/Amendment | Initial Notification | |
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||
a) | Name | Infrastructure India plc | |
b) | LEI | 213800M623GQQAG11656 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||
a) | Description of the financial instrument, type of instrument | Ordinary shares of 1p each | |
| Identification code | IM00B2QVWM67 | |
b) | Nature of the transaction | Purchase of ordinary shares | |
c) | Price(s) and volumes(s) | Price(s) | Volume(s) |
£0.020 £0.028 £0.045 £0.038 £0.045 | 30,000 150,000 120,000 100,000 200,000 | ||
d) | Aggregated information |
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| Aggregated volume | 600,000 | |
| Price | Average of £0.0383 pence per ordinary share (aggregate value of £23,000) | |
e) | Date of the transaction | 8 April 2019 | |
f) | Place of the transaction | AIMX | |
Enquiries:
Infrastructure India plc Sonny Lulla
| www.iiplc.com
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Cenkos Securities plc Nominated Adviser & Joint Broker Azhic Basirov / Ben Jeynes
| +44 (0) 20 7397 8900 |
Nplus1 Singer Advisory LLP Joint Broker James Maxwell - Corporate Finance James Waterlow - Investment Fund Sales
| +44 (0) 20 7496 3000 |
Novella Financial PR Tim Robertson / Toby Andrews
| +44 (0) 20 3151 7008 |