Infrastrata PLC (INFA.L) 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 recently announced Placing and Open Offer, were duly passed.

Full details of the proxy voting results will be published on the Company’s website at shortly.

Furthermore, the Company announces that it has raised approximately £1.77 million under the Open Offer (before expenses), having received valid applications for 5,900,266 Open Offer Shares in aggregate, including 1,809,203 Open Offer Shares applied for under the Excess Application Facility. Accordingly, the Company will issue 5,900,266 Open Offer Shares to be admitted to trading on AIM.

Application has been made for the 22,172,981 Second Placing Shares and 5,900,266 Open Offer Shares, totalling 28,073,247 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 25 May 2021. Following Admission, the Company will have 121,690,349 Ordinary Shares in issue, admitted to trading on AIM. This figure ( 121,690,349 ) 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 4 May 2021.

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