Infrastrata PLC Issuance of loan conversion shares (6652V)
04 Dicembre 2019 - 12:07PM
UK Regulatory
TIDMINFA
RNS Number : 6652V
Infrastrata PLC
04 December 2019
4 December 2019
InfraStrata plc
("InfraStrata" or the "Company")
Issuance of loan conversion shares and change to total voting
rights
InfraStrata plc (AIM: INFA), the UK quoted company focused on
strategic infrastructure projects and physical asset life-cycle
management, announces that it has received a notice to convert
GBP50,000 of the first tranche of its GBP2.2 million loan facility
with Riverfort Global Opportunities PCC Limited and YA II PN
Limited (the "Loan") into 18,663,680 new ordinary shares of 0.01p
in the Company ("New Ordinary Shares") at a price of 0.2679 pence
per New Ordinary Share.
Details of the Loan were announced on 1 October 2019 and 14
November 2019. Following this conversion, the principal balance of
the Loan has reduced to GBP1,005,555.
Application will be made for the New Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that
Admission will occur on or around 6 December 2019.
Total Voting Rights
Upon Admission, the Company's issued share capital will consist
of 3,573,331,134 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 3,573,331,134. 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 visit www.infrastrataplc.com or
contact:
InfraStrata plc c/o Newgate Communications
John Wood, Chief Executive & Interim +44 (0)20 3735 8825
Chairman
Allenby Capital Limited (AIM Nominated
Adviser & Joint Broker)
Jeremy Porter / Liz Kirchner +44 (0)20 3328 5656
Arden Partners plc (Joint Broker)
Paul Shackleton / Dan Gee-Summons (Corporate
Finance)
Simon Johnson (Corporate Broking) +44 (0)20 7614 5900
Newgate Communications (PR)
Chris Midgely / Elisabeth Cowell +44 (0)20 3757 6880
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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