Notice of GM & Further re loan facility

InfraStrata plc

("InfraStrata" or the "Company")

Notice of general meeting and posting of circular

Further re loan facility

InfraStrata (AIM: INFA), the AIM quoted company focused on strategic infrastructure projects, announces that further to its announcement of 11 November 2019, the Company has published a circular to convene a General Meeting of shareholders ("Circular") to propose resolutions to enable, inter alia, completion of the proposed Placing.

The general meeting ("GM") will be held at 11.00 a.m. on 29 November 2019 at the offices of Fieldfisher LLP at Riverbank House, 2 Swan Lane, London EC4R 3TT. 

The Circular has been posted to shareholders and is available on the Company's website, www.infrastrataplc.com. An addendum to the Circular, reflecting amendments described below, will be posted to shareholders today and will also be made available on the Company's website.

Further re Short Term Loan Facility

On 11 November 2019, the Company announced that it will draw down the second tranche of the debt facility provided by YA II PN Ltd and Riverfort Global Opportunities PCC Limited ("Lenders") under the Bridging Loan for a sum of £500,000 (after costs and initial interest payment) ("Second Draw"). Further to that announcement, the Company clarifies that, whilst the original terms of the Bridging Loan provided for the Second Draw to be convertible, as announced on 1 October 2019, the Bridging Loan was amended on 13 November 2019 (the "Amendment") such that the Second Draw is not convertible save in the event of default, as set out in the Company's announcement on 11 November 2019.  In addition, instead of the fixed interest of £40,000, a fixed sum of interest of 8 per cent. of the gross amount of the Second Draw (being £555,555.57) is payable, with half of this sum deducted from the advance of the Second Draw and the balance on repayment of the outstanding principal amount. Further, the Bridging Loan will now be repayable in full on the date that is three months from the date of draw down, namely 14 February 2020.  Otherwise the terms of the Second Draw remain consistent with the Company's announcement on 11 November 2019.

As previously announced, the Lenders will be entitled to warrants over new Ordinary Shares pursuant to the terms of the Second Draw and accordingly, warrants over 52,083,334 new Ordinary Shares will now be issued to the Lenders with an exercise price of 0.48 pence per share, which is 150 per cent. of yesterday's closing price of Ordinary Shares. 

Capitalised terms in this Announcement shall have the meanings given to such terms in the Company's announcement of 07:00 a.m. on 11 November 2019 unless defined otherwise herein.

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