16 Jan 2019 18:24
16 January 2019
InfraStrata plc
("InfraStrata" or the "Company")
Notification of Transactions of Persons Discharging Managerial Responsibilities (PDMRs) and Persons Closely Associated (PCAs) with PDMRs
InfraStrata plc (AIM: INFA), the UK quoted company focused on the development of natural gas storage capacity, has been informed of the following transfers of ordinary shares of 0.01p each in the Company ("Ordinary Shares") by PCAs of Andy Duncan, CFO and a PDMR of InfraStrata. Mr Duncan's total beneficial interest in 2,804,172 Ordinary Shares in InfraStrata remains unchanged, equivalent to 0.25% of the Company's issued share capital.
As announced on 24 July 2018, 2,804,172 Ordinary Shares were allotted to Mr Duncan in respect of a consultancy agreement. These shares were issued to Semper Consulting Limited ("Semper Consulting"), a company jointly owned by Mr Duncan and his wife and therefore a PCA of Mr Duncan. On 26 July 2018, these shares were transferred from Semper Consulting as a dividend to Mr Duncan's wife for nil consideration. On 13 January 2019, half of these shares were transferred to Mr Duncan for nil consideration.
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 | Semper Consulting Limited | ||||||||||||||||
2
| Reason for the notification
| |||||||||||||||||
a)
| Position/status
| Semper Consulting Limited is a person closely associated with Andrew David Duncan, CFO and a PDMR of InfraStrata plc | ||||||||||||||||
b)
| Initial notification /Amendment
| Amendment | ||||||||||||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||||||||||||
a)
| Name
| InfraStrata plc | ||||||||||||||||
b)
| LEI
| 2138001JAP311MVUZ948
| ||||||||||||||||
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 Identification code
| Ordinary shares of 0.01p
GB00B28YMP66 | ||||||||||||||||
b)
| Nature of the transaction
| Award of Ordinary Shares | ||||||||||||||||
c)
| Price(s) and volume(s)
|
| ||||||||||||||||
d)
| Aggregated information - Aggregated volume - Price
|
2,804,172 average price of 0.3299p | ||||||||||||||||
e)
| Date of the transaction
| 23 July 2018 | ||||||||||||||||
f)
| Place of the transaction
| Outside a trading venue - award of Ordinary shares | ||||||||||||||||
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 | Semper Consulting Limited | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Semper Consulting Limited is a person closely associated with Andrew David Duncan, CFO and a PDMR of InfraStrata plc | ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| InfraStrata plc | ||||||
b)
| LEI
| 2138001JAP311MVUZ948
| ||||||
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 Identification code
| Ordinary shares of 0.01p
GB00B28YMP66 | ||||||
b)
| Nature of the transaction
| Transfer of ordinary shares to Andrew Duncan's wife (a PCA of Andrew Duncan) | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
n/a
| ||||||
e)
| Date of the transaction
| 26 July 2018 | ||||||
f)
| Place of the transaction
| Outside a trading venue - transfer of shares | ||||||
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 | Mrs Annabel Mary Duncan
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Mrs Annabel Mary Duncan is a person closely associated with Andrew David Duncan, CFO and a PDMR of InfraStrata plc
| ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| InfraStrata plc | ||||||
b)
| LEI
| 2138001JAP311MVUZ948
| ||||||
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 Identification code
| Ordinary shares of 0.01p
GB00B28YMP66 | ||||||
b)
| Nature of the transaction
| Transfer of ordinary shares from Semper Consulting Limited (a PCA of Andrew Duncan) | ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
n/a
| ||||||
e)
| Date of the transaction
| 26 July 2018 | ||||||
f)
| Place of the transaction
| Outside a trading venue - transfer of shares | ||||||
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 | Mrs Annabel Mary Duncan
| ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Mrs Annabel Mary Duncan is a person closely associated with Andrew David Duncan, CFO and a PDMR of InfraStrata plc
| ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| InfraStrata plc | ||||||
b)
| LEI
| 2138001JAP311MVUZ948
| ||||||
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 Identification code
| Ordinary shares of 0.01p
GB00B28YMP66 | ||||||
b)
| Nature of the transaction
| Transfer of ordinary shares to Andrew David Duncan, CFO and a PDMR of InfraStrata plc
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
n/a
| ||||||
e)
| Date of the transaction
| 13 January 2019 | ||||||
f)
| Place of the transaction
| Outside a trading venue - transfer of shares | ||||||
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 | Andrew David Duncan | ||||||
2
| Reason for the notification
| |||||||
a)
| Position/status
| Chief Financial Officer (PDMR) | ||||||
b)
| Initial notification /Amendment
| Initial notification | ||||||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| |||||||
a)
| Name
| InfraStrata plc | ||||||
b)
| LEI
| 2138001JAP311MVUZ948
| ||||||
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 Identification code
| Ordinary shares of 0.01p
GB00B28YMP66 | ||||||
b)
| Nature of the transaction
| Transfer of ordinary shares from Mrs Annabel Mary Duncan (PCA of Andrew Duncan)
| ||||||
c)
| Price(s) and volume(s)
|
| ||||||
d)
| Aggregated information - Aggregated volume - Price
|
n/a
| ||||||
e)
| Date of the transaction
| 13 January 2019 | ||||||
f)
| Place of the transaction
| Outside a trading venue - transfer of shares | ||||||
For further information, please contact:
InfraStrata plc John Wood, Chief Executive
| c/o Yellow Jersey +44 (0)20 3735 8825 |
Allenby Capital Limited (AIM Nominated Adviser & Joint Broker) Jeremy Porter / Liz Kirchner
| +44 (0)20 3328 5656 |
SI Capital Limited (Joint Broker) Nick Emerson
| +44 (0) 20 3871 4038 |
Yellow Jersey Tim Thompson | +44 (0)20 3735 8825 |
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 £13.5m 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."