TIDMINFA

RNS Number : 5675L

Infrastrata PLC

13 January 2021

13 January 2021

InfraStrata plc

("InfraStrata" or the "Company")

Result of General Meeting and Open Offer

InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, announces that all resolutions put to Shareholders at the General Meeting held earlier today in connection with the Placing and Open Offer to raise up to GBP7.4 million (before expenses), were duly passed. Full details of the proxy voting results will be published on the Company's website at www.infrastrataplc.com shortly.

Furthermore, the Company is pleased to announce that it has raised the maximum amount possible under the Open Offer of GBP1.0 million (before expenses), having received valid applications for 5,173,144 Open Offer Shares in aggregate, including 4,025,457 Open Offer Shares applied for under the Excess Application Facility. Accordingly, the Company will issue the maximum of 2,239,465 Open Offer Shares to be admitted to trading on AIM.

As the Open Offer was oversubscribed, the Directors of the Company will undertake a scaling back process, on a pro-rata basis, with the same scaling methodology to be applied to each shareholder who applied for excess applications.

Application has been made for the Second Placing Shares and Open Offer Shares, totalling 7,622,082 new Ordinary Shares, to be admitted to trading on AIM ("Admission"). It is anticipated that Admission will become effective and that dealings in the Second Placing Shares and Open Offer will commence at 8.00 a.m. on 14 January 2021. Following Admission, the Company will have 81,406,176 Ordinary Shares in issue, admitted to trading on AIM. This figure (81,406,176) may be used as the denominator for the calculation by which Shareholders will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the announcement of the Placing and Open Offer made by the Company on 23 December 2020.

For further information, please visit www.infrastrataplc.com or contact:

 
 InfraStrata plc                                    +44 (0)20 3900 2122 
  John Wood, Chief Executive                         investor@infrastrataplc.com 
  Seena Shah, Head of Marketing & Communications 
 Cenkos Securities plc (Nominated Adviser 
  & Broker) 
  Stephen Keys / Callum Davidson (Corporate 
  Finance) 
  Michael Johnson (Sales)                           +44 (0)20 7397 8900 
                                                   -----------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROMFXLFFFFLXBBE

(END) Dow Jones Newswires

January 13, 2021 06:40 ET (11:40 GMT)

Harland & Wolff (LSE:HARL)
Gráfica de Acción Histórica
De Abr 2024 a May 2024 Haga Click aquí para más Gráficas Harland & Wolff.
Harland & Wolff (LSE:HARL)
Gráfica de Acción Histórica
De May 2023 a May 2024 Haga Click aquí para más Gráficas Harland & Wolff.