INFI.L Regulatory News (INFI)

Infinis Energy plc

Publication of annual report and accounts

Infinis Energy plc (the "Company") confirms that in accordance with Listing Rule 9.6.1 a copy its annual report and accounts for the year ended 31 March 2015 (the "Annual Report and Accounts") has been uploaded to the National Storage Mechanism and will be available for viewing shortly. The Annual Report and Accounts are also available on the Company's website at www.infinis.com.

The information below, which is extracted from the Annual Report and Accounts, is included solely for the purpose of complying with DTR 6.3.5. It should be read in conjunction with the Company's preliminary results announcement released on 28 May 2015. Together, these constitute the material required by DTR 6.3.5 to be communicated to the media in unedited full text through a Regulatory Information Service. This material is not a substitute for reading the full Annual Report and Accounts. All page numbers and cross-references in the extracted information below refer to page numbers in the Annual Report and Accounts.

Graham Bisset

Company Secretary

5 June 2015

Related Party Transactions (note 23 to the consolidated financial statements on pages 95 and 96)

23. Related parties

(a) Transactions with key management personnel

Directors' shareholdings

Directors' shareholdings are disclosed in the Remuneration report on pages 52 to 65.

Remuneration

The remuneration of key management personnel (including the Directors) was as follows:

The aggregate of emoluments and amounts receivable under long‑term incentive schemes and post employment benefits of the highest paid Director of the Group were as follows:

 (b) Other related party transactions

The Directors consider Terra Firma to be a related party. Transactions with Terra Firma relating to the provision of management and advisory services were as follows:

Such services, including the provision of staff secondments and assistance in connection with the refinancing of the Group and the flotation of the Company, ceased on, or prior to, Admission.

The Group has an interest in three joint ventures, all of which are non‑material (Aveley Methane Limited, Bidston Methane Limited and Infinis Energy Hong Kong Limited). Transactions occur with these joint ventures in the normal course of business.

Related party transactions occurring during the year and balances outstanding at the year end are as follows:

Transactions with Aveley Methane Limited and Bidston Methane Limited relate to management fees and employee cost recharges.

The prior year transaction with Monterey Capital II S.a.r.l. related to the purchase of one ordinary share in the Company immediately prior to the IPO (refer to note 19b for further details).

Responsibility statement of the Directors in respect of the Annual Report and Accounts (page 68)

Directors' responsibility statement

The Directors are responsible for preparing this Annual report, the Directors' Remuneration report and the financial statements in accordance with applicable law and regulations.

Company law requires the Directors to prepare Group and Company financial statements for each financial year. Under that law they are required to prepare the Group financial statements in accordance with IFRSs as adopted by the EU and applicable law and have elected to prepare the Company financial statements in accordance with UK Accounting Standards.

Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and Company and of their profit or loss for that period. In preparing each of the Group and Company financial statements, the Directors are required to:

· select suitable accounting policies and then apply them consistently;

· make judgments and estimates that are reasonable and prudent;

· for the Group financial statements, state whether they have been prepared in accordance with IFRSs as adopted by the EU; 

· for the Company financial statements, state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the Company financial statements; and 

· prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group and Company will continue in business.

The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and Group and enable them to ensure that its financial statements and the Directors' Remuneration report comply with the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation. They are also responsible for safeguarding the assets of the Company and the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors are responsible for the maintenance and integrity of the corporate and financial information included on the Group's corporate website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Directors consider that this Annual Report, taken as a whole, is fair, balanced and understandable, and provides the information necessary for shareholders to assess the Company's position and performance, business model and strategy.

Each of the Directors who has held office at the date of this Annual report (whose names and functions are listed in the Corporate Governance section on pages 40 to 43 of this Annual Report) confirms that, to the best of their knowledge:

· the Group financial statements, prepared in accordance with IFRSs as adopted by the EU, give a true and fair view of the assets, liabilities, financial position and profit or loss of the Group; and

· the 'management report' (as defined in the Directors' report on page 66) includes a fair review of the development and performance of the business and the position of the Group together with a description of the principal risks and uncertainties that it faces.