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3 minutes ago, Ponty Mython said:

I am not sure that a speculative punt like INFA is going to move in lock-step with blue-chip energy companies! At the very least, it doesn't actually have any energy-related business (yet, if ever...).

Good point well made xD

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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 notices to convert £250,000 of the first tranche of its £2.2 million loan facility with Riverfort Global Opportunities PCC Limited and YA II PN Limited (the "Investors") (the "Loan") into a total of 98,193,244 new ordinary shares of 0.01p in the Company ("New Ordinary Shares") at a price of 0.2546 pence per New Ordinary Share.  An existing shareholder of the Company has agreed to acquire these New Ordinary Shares from the Investors.


Following this conversion, the first tranche of the Loan (as announced on 1 October 2019) has been repaid and the principal balance of the remainder of the Loan has reduced to £555,555. The remaining principal balance of the Loan is a debt facility due for repayment on 14 February 2020 and is not convertible into ordinary shares of the Company save in the event of a default, the details of which were announced on 14 November 2019. Discussions are currently ongoing with the Investors with a view to amortising this Loan over a longer period. Additionally, negotiations are currently underway with new lenders to put in place a medium-term asset backed loan arrangement. Further details of both will be shared as they come to fruition.


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 03 February 2020.


Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 3,838,556,535 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 3,838,556,535.  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.

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