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Date/Time	Headline	Source
1
Wed 17:57	Portland Gas plc - Holding(s) in Company	RNS
RNS Number : 7355C Portland Gas plc 18 November 2009 Portland Gas plc ("Portland Gas" or "Company") Holding in Company The Company was notified on 18 November 2009 that following a disposal of Ordinary Shares and the recent issue of equity, Calculus Nominees Limited no longer holds a notifiable interest in the issued Ordinary Share capital of the Company. Enquiries: Andrew Hindle/Craig Gouws Tel: +44(0)20 8332 1200 Portland Gas plc Jonathan Wright/Sarah Jacobs Tel: +44(0)20 7107 8008 Seymour Pierce Limited This information is provided by RNS The company news service from the London Stock Exchange END HOLKGMMMNRKGLZM More
12-11-09	Portland Gas plc - Annual report and accounts	RNS
RNS Number : 4215C Portland Gas plc 12 November 2009 Portland Gas plc (the "Company") Annual report and accounts The Company is pleased to announce that it has sent to shareholders its report and accounts for the year ended 31 July 2009. The report and accounts are available to be downloaded at the Company's website at www.portland-gas.com. END <HR>--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange END ACSCKBKPBBDDQDD More
05-11-09	Portland Gas plc - Director/PDMR Shareholding	RNS
RNS Number : 0685C Portland Gas plc 05 November 2009 5 November 2009 Portland Gas plc Director Shareholdings Portland Gas plc (the "Company") was informed today that Mr Jonathan Davie, a Non-executive Director of Portland Gas plc, has today transferred 20,400 ordinary shares from a family trust to his personal name at 116.75p each. Mr Davies' total beneficial shareholding in Portland Gas remains unchanged at 575,400 ordinary shares, representing 0.81% of the issued and voting share capital of the Company. Enquiries: `Andrew Hindle/Craig Gouws Tel: +44(0)20 8332 1200` Portland Gas plc `Jonathan Wright/Sarah Jacobs Tel: +44(0)20 7107 8008` Seymour Pierce Limited <HR>--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange END RDSCKPKDABDDPDK More
05-11-09	Portland Gas plc - Issue of Equity	RNS
RNS Number : 0262C Portland Gas plc 05 November 2009 5 November 2009 For Immediate Release Portland Gas plc Issue of Equity £2.5m Placing Portland Gas Plc (AIM: PTG) ("the Company") is pleased to announce the placing of 2,500,000 new ordinary shares at 100p per share to raise £2.5 million before expenses. The shares were placed by Seymour Pierce Limited with existing institutional investors and the Company Directors. Following the placing, the Company will have 73,804,201 ordinary shares in issue. The Placing Shares will represent approximately 3.39 per cent. of the Company's Enlarged Share Capital. Two members of the Company's Board are participating in the placing as follows: `Director Existing holding Shares acquired Total shares now Total % holding` `held` `Andrew Hindle* 6,617,117 32,674 6,649,791 9.01` `Walter Roberts** 1,042,960 12,500 1,055,460 1.43` 19,500 ORDINARY SHARES ARE HELD ON BEHALF OF A MINOR DAUGHTER OF ANDREW AND `13,174 ordinary shares are held by Andrew's wife` * THESE SHARES ARE HELD ON BEHALF OF WALTER'S MINOR DAUGHTER Walter's elder daughter is also taking 12,500 shares. Application has been made for the shares to be admitted to AIM and admission of the shares is expected to be on 12 November 2009. The net proceeds of the Placing receivable by the Company will be applied to fund essential ongoing activity on the Portland and Islandmagee projects, redeem the debenture issued to Hydrock and the funding of G&A expenditure. For further information please contact: Portland Gas plc `Andrew Hindle, Chief Executive Officer 020 8332 1200` Craig Gouws, Chief Financial Officer PR - Watershed `Sara Hudston 01308 420785` Investor Relations - Buchanan Communications `Ben Willey 020 7466 5000` Nominated Adviser and Broker - Seymour Pierce `Jonathan Wright 020 7107 8000` Sarah Jacobs Richard Redmayne Notes to Editors: Background on Portland Gas plc Portland Gas' business is focused on the development of two gas storage projects in the United Kingdom at Portland, Dorset and at Islandmagee, County Antrim, Northern Ireland. The two projects could between them provide over 10% of the total UK and Ireland peak daily demand in the latter part of the next decade. The Company is also developing new projects in mainland Europe initially focussing on Germany and Spain. The Company is one of only a few in Europe focused specifically on gas storage development, a sector with significant growth potential in Europe over the coming decades. In order that the "Portland Gas" name can remain with the Portland Project where it is very well established in Dorset, the Directors intend to seek approval at the next Annual General Meeting of the Company, scheduled for December 2009, to change the name of Portland Gas plc to "Infrastrata plc". The Portland Project company, Portland Gas Holdings Limited, would then be renamed to "Portland Gas Limited". Further information is available on the Company's website www.portland-gas.com. <HR>--------------------------------------- This information is provided by RNS The company news service from the London Stock Exchange END IOEUVRARKRRARAA More
05-11-09	Portland Gas plc - Portland Gas Project Under Appraisal	RNS
RNS Number : 0178C Portland Gas plc 05 November 2009 `5 November 2009 For Immediate Release` Portland Gas plc European Investment Bank places the Portland Gas Storage Project under appraisal The Directors of Portland Gas plc (AIM: PTG) ("the Company") are pleased to announce that the European Investment Bank ("EIB") has confirmed that it has listed the Portland Gas Storage Project in its pipeline of projects under appraisal. The EIB supports projects which contribute to energy diversification and security at EU level. The pipeline of projects under appraisal by the EIB are listed on the website http://www.eib.org/projects/pipeline/index.htm. Commenting on the news, Andrew Hindle, CEO of Portland Gas plc said: "We are delighted that the Portland Project, which will support energy security of supply and the efficient functioning of the gas market, has received this under appraisal status from the EIB." For further information please contact: Portland Gas plc `Andrew Hindle, Chief Executive Officer 020 8332 1200` Craig Gouws, Chief Financial Officer PR - Watershed `Sara Hudston 01308 420785` Investor Relations - Buchanan Communications `Ben Willey 020 7466 5000` Nominated Advisor and Broker - Seymour Pierce `Jonathan Wright 020 7107 8000` Sarah Jacobs Richard Redmayne `Notes to Editors:` Background on Portland Gas plc Portland Gas' business is focused on the development of two gas storage projects in the United Kingdom at Portland, Dorset and at Islandmagee, County Antrim, Northern Ireland. The two projects could between them provide over 10% of the total UK and Ireland peak daily demand in the latter part of the next decade. The Company is also developing new projects in mainland Europe initially focussing on Germany and Spain. The Company is one of only a few in Europe focused specifically on gas storage development, a sector with significant growth potential in Europe over the coming decades. In order that the "Portland Gas" name can remain with the Portland Project where it is very well established in Dorset, the Directors intend to seek approval at the next Annual General Meeting of the Company, scheduled for December 2009, to change the name of Portland Gas plc to "Infrastrata plc". The Portland Project company, Portland Gas Holdings Limited, would then be renamed to "Portland Gas Limited". Portland Project At a projected 1,000 million cubic metres ("mcm") or 35 billion cubic feet ("bcf") of working gas, the facility would be the largest onshore gas storage facility in the UK. Planning permission was granted by Dorset County Council in May 2008 and Pipeline Construction Authorisation was granted by the BERR (now known as the Department of Energy and Climate Change) in July 2008. The gas storage facility is designed to inject or withdraw gas at 20mcm per day. The current estimate of total development cost for the project is £456m. The project will use brine compensation technology and will not require cushion gas. In October 2009 a Co-operation Group ("Group") was established consisting of five companies who have each expressed an interest in possibly acquiring a working interest in the Portland Project, together with Infrastrata UK Limited (the subsidiary of Portland Gas plc that currently owns Portland Gas Holdings Limited ("PGL")). The Group will work together to conduct a feasibility study in respect of the Project. PGL's legal advisor, Field Fisher Waterhouse LLP, will draw up a Shareholders' Agreement and a separate Capacity Agreement. In parallel, PGL's project finance advisor, BNP Paribas, will work on the development of the financing structure. Further information is available on the Company's website www.portland-gas.com. This information is provided by RNS The company news service from the London Stock Exchange END MSCCKPKNCBDKPDK More
26-10-09	Portland Gas plc - Final Results	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 3417B Portland Gas plc 26 October 2009 26 October 2009 For Immediate Release PRESS RELEASE Final results for the year ended 31 July 2009 Portland Gas plc (AIM: PTG) ("the Company" or "Portland Gas") the independent gas storage Company is pleased to announce final results for the year ended 31 July 2009. Operational highlights * Portland Project funding process launched * * BNP Paribas appointed as the project company debt finance advisors * Field Fisher Waterhouse LLP appointed as the project company solicitors * Co-operation group established after year end comprising 5 companies which have expressed an interest in the Project * Pre-start planning conditions discharged for the Portland Project * Initial site works on the Portland Project wellpad area commenced * Good progress made with the Islandmagee Project * * Successful two-day public exhibition held * Planning application submission target of year end 2009 * The Company has continued to pursue and evaluate international gas storage opportunities Financial highlights * Loss for period of �1,281,002 (2008; �1,569,621) * Loss per share of 1.82p (2008; 2.33p) * Cash and cash equivalents as at 31 July 2009 of �3,066,502 (2008; �9,276,964) * Capitalised expenditure on gas storage projects during the year of �5,729,823 (2008; �7,360,442) Chief Executive's Report The Portland Gas group has during this time of economic uncertainty focused on the Portland Project funding, however it has also been able to progress its other gas storage projects. It is now well recognised that a significant programme of gas storage development is required in the United Kingdom and Ireland to secure energy supplies for the future. The two projects initiated by the Group in the United Kingdom could between them provide approximately 42 million cubic metres of gas on a cold winter day (this is approximately 10% of the total United Kingdom and Ireland peak daily demand). Portland Project The first funding process for the Portland Project was halted owing to the 'credit crunch' in November 2008. There followed a period of consultation with interested parties on a bi-lateral basis until July 2009 when a new process was formally launched. During this intermediate period, BNP Paribas was appointed as project finance advisors and Field Fisher Waterhouse LLP as new legal advisors to the project company. Following the discharge of the pre-start planning conditions, on 31 July 2009 site work commenced at Upper Osprey on Portland. The first task is to undertake initial works on the wellpad area from which drilling down to the salt sequence deep below Portland can take place, the first stage in creating 14 caverns providing storage for 1,000 million cubic metres of gas. These preliminary works are being performed by Hydrock, a leading national provider of consultancy and specialist contracting services for construction, infrastructure and the environment. Engineering design work is being undertaken by CB&I who have global experience in the engineering, procurement and construction of major energy infrastructure projects. The Company has reached agreement with Hydrock to undertake works to a value of �300,000. These works are being funded by a redeemable debenture created on the 7 July 2009 and granted to Hydrock. Under the terms of the debenture the Company may redeem the instrument until 31st January 2010 beyond which it is converted into 369,595 ordinary shares. The gas storage facilities will be constructed in a number of stages, starting initially with drilling and construction of the facilities required to construct the caverns, followed by construction of the gas facilities and pipelines. The project will take approximately seven years to complete. After the year-end, a Co-operation Group was established following a successful first phase of the funding process. The Group consists of five companies who have each expressed an interest in possibly acquiring a working interest in the Portland Project, together with Infrastrata UK Limited (formerly Portland Gas A Limited). The Group will work together to conduct a feasibility study in respect of the Project. The Project's legal advisor, Field Fisher Waterhouse LLP, will draw up a Shareholders' Agreement and a separate Capacity Agreement. In parallel, the Project's project finance advisor, BNP Paribas, will work on the development of the financing structure. On the 14 July 2009 the Company agreed to place 919,474 new ordinary shares of 10p each at 81.17p per share with Portland Port Limited to settle an existing liability relating to the East Weares estate lease. These shares were issued after year end. Islandmagee Project The Project, a joint venture with a subsidiary of Northern Ireland Energy Holdings Limited, is designed to store 500 million cubic metres of natural gas. During 2009, technical experts developed a design for the storage caverns and surface facilities and further progress was made on the Environmental Impact Assessment. In June 2009 a successful two-day public exhibition to present information and gather feedback on the project was held. Further consultations with stakeholders are planned for the end of October 2009 and a target date of year end 2009 has been set for submission of the planning application. Storage asset portfolio development The Group made progress with its plans for new gas storage projects in Germany and Spain. In Germany, a review of the geology and infrastructure has resulted in activity being focused on a salt dome in northern Germany. In Spain, a local subsidiary Portland Gas ESP S.L. was formed to develop the Group's Spanish gas storage plans. Outlook The 2009/10 financial year will again be an active time for the business. The Group looks forward to the introduction of investors in the Portland Project and to continuing the development and construction of the Upper Osprey site. Islandmagee Storage Limited (the project company for the Northern Ireland Project re-named during the year from Portland Gas NI Limited) plans to complete the Environmental Impact Assessment and submit the Project planning application before the end of the 2009 calendar year. In addition the Group will continue in its stated objective of developing an international gas storage business. Portland Gas plc Consolidated income statement For the year ended 31 July 2009 _________________________________________________________________________< /fipP> Note 2009 2008 � � Continuing operations Revenue - - Cost of sales - - Gross profit/(loss) - - Administrative expenses (1,454,441) (1,767,017) Operating loss (1,454,441) (1,767,017) Investment revenues 173,439 197,396 Loss before taxation (1,281,002) (1,569,621) Taxation - - Loss for the year (1,281,002) (1,569,621) Basic and diluted loss per share 1 1.82p 2.33p Portland Gas plc Consolidated balance sheet As at 31 July 2009 _________________________________________________________________________ __ 2009 2008 � � Non-current assets Plant and equipment 20,346,503 15,195,167 Intangible assets 1,821,551 1,263,659 Total non-current assets 22,168,054 16,458,826 Current assets Trade and other receivables 149,356 305,520 Available for sale financial assets 12,500 12,500 Cash and cash equivalents 3,066,502 9,276,964 Total current assets 3,228,358 9,594,984 Current liabilities Trade and other payables (925,202) (1,408,848) Net current assets 2,303,156 8,186,136 Non-current liabilities Obligations under contractual and operating (2,185,741) (1,963,519) lease agreements due after one year Net assets 22,285,469 22,681,443 Shareholders' funds Share capital 7,038,473 7,038,473 Share premium 8,576,705 8,576,705 Merger reserve 8,988,112 8,988,112 Shares to be issued 746,337 - Share based payment reserve 177,189 38,498 Retained earnings (3,241,347) (1,960,345) 22,285,469 22,681,443 Portland Gas plc Consolidated statement of changes in equity For the year ended 31 July 2009 _________________________________________________________________________ ____ Share Share premium Merger reserve Shares to be issued Share based payment Retained earnings Total equity capital reserve � � � � � � � Balance at 31 July 2007 117,782 - 11,650,514 - - (390,724) 11,377,572 Loss for the year - - - - - (1,569,621) (1,569,621) Total recognised income and - - - - - (1,569,621) (1,569,621) expenses for the year Issue of equity share capital 40,000 - 3,960,000 - - - 4,000,000 (pre- demerger) 6,622,402 - (6,622,402) - - - - Portland Gas plc capitalisation 258,289 8,576,705 - - - - 8,834,994 Issue of equity share capital (post-demerger) - - - - 38,498 - 38,498 Share based payments Balance at 31 July 2008 7,038,473 8,576,705 8,988,112 - 38,498 (1,960,345) 22,681,443 Loss for the year - - - - - (1,281,002) (1,281,002) Total recognised income and - - - - - (1,281,002) (1,281,002) expenses for the year Commitment to issue shares - - - 746,337 - - 746,337 - - - - 138,691 - 138,691 Share based payments Balance at 31 July 2009 7,038,473 8,576,705 8,988,112 746,337 177,189 (3,241,347) 22,285,469 Portland Gas plc Consolidated cash flow statement For the year ended 31 July 2009 _________________________________________________________________________ __ Note 2009 2008 � � Net cash (used in) operating activities 2 (1,175,444) (1,275,246) Investing activities Interest received 173,439 197,396 Purchase of intangible assets (530,729) (5,645,493) Purchase of plant and equipment (4,678,611) (63,887) Purchase of financial assets - (12,500) Proceeds on disposal of plant and equipment 883 - Net cash (used in) investing activities (5,035,018) (5,524,484) Financing activities Proceeds on issue of ordinary shares - 12,639,999 Net cash generated from financing activities - 12,639,999 Net (decrease)/increase in cash and cash (6,210,462) 5,840,269 equivalents Cash and cash equivalents at beginning of 9,276,964 3,436,695 year Cash and cash equivalents at end of year 3,066,502 9,276,964 Cash and cash equivalents consist of: Cash in hand and at bank 3,066,502 9,276,964 �3,066,502 �9,276,964 Significant non-cash transaction The above excludes the settlement of a liability of �746,337, where the supplier agreed to accept 919,474 new 10p ordinary shares in settlement; the shares were issued after year end. Portland Gas plc Notes to the financial statements For the year ended 31 July 2009 _________________________________________________________________________ ____ 1. Loss per share 2009 2008 p p Basic loss per share 1.82 2.33 The calculation of basic loss per share is based upon a loss of �1,281,002 (2008; �1,569,621) divided by the weighted average number of ordinary shares in issue of 70,384,727 (2008; 67,381,698). In accordance with IAS 33, diluted earnings per share calculations are not presented as assumed conversion of outstanding share options would be anti-dilutive, as such the diluted earnings per share is equal to the basic loss per share. 2. Cash (used in) operations 2009 2008 Group � � Operating loss for the year (1,454,441) (1,767,017) Depreciation 21,880 19,342 Profit on disposal of plant & equipment 367 - Decrease in trade and other receivables 156,164 22,816 (Decrease)/Increase in trade and other (38,105) 216,121 payables Share option expense 138,691 38,498 Shares issued in lieu of bonus - 194,994 Cash (used in) operations (1,175,444) (1,275,246) 3. Basis of preparation The financial information set out in this announcement does not comprise the Group's statutory accounts for the years ended 31 July 2009 or 31 July 2008. The financial information has been extracted from the statutory accounts of the Company for the years ended 31 July 2009 and 31 July 2008. The auditors reported on those accounts; their reports were unqualified and did not contain a statement under either Section 498 (2) or Section 498 (3) of the Companies Act 2006 or Section 237 (2) or Section 237 (3) of the Companies Act 1985 respectively and did not include references to any matters to which the auditor drew attention by way of emphasis. The statutory accounts for the year ended 31 July 2008 have been delivered to the Register of Companies; those for the year ended 31 July 2009 were approved by the board on 23 October 2009 and will be delivered to the Registrar of Companies following the Company's Annual General Meeting. 4. Approval The preliminary announcement was approved by the Board on 23 October 2009. For further information please contact: Portland Gas plc Andrew Hindle, Chief Executive Officer 020 8332 1200 Craig Gouws, Chief Financial Officer PR - Watershed Sara Hudston 01308 420785 Investor Relations - Buchanan Communications Ben Willey 020 7466 5000 Nominated Advisor and Broker - Seymour Pierce Jonathan Wright 020 7107 8000 Sarah Jacobs Richard Redmayne Notes to Editors: Background on Portland Gas Portland Gas' business is focused on the development of two gas storage projects in the United Kingdom at Portland, Dorset and at Islandmagee, County Antrim, Northern Ireland. The two projects could between them provide over 10% of the total UK and Ireland peak daily demand in the latter part of the next decade. The Company is also developing new projects in mainland Europe initially focusing on Germany and Spain. The Company is one of only a few in Europe focused specifically on gas storage development, a sector with significant growth potential in Europe over the coming decades. In order that the "Portland Gas" name can remain with the Portland Project where it is very well established in Dorset, the Directors intend to seek approval at the next Annual General Meeting of the Company, scheduled for December 2009, to change the name of Portland Gas plc to "Infrastrata plc". The project company, Portland Gas Holdings Limited, would then be renamed to "Portland Gas Limited". Further information is available on the Company's website www.portland-gas.com. This information is provided by RNS The company news service from the London Stock Exchange END FR EAEESAFXNFAE More
23-10-09	Portland Gas plc - Formation of Co-operation Group	RNS
RNS Number : 2618B Portland Gas plc 23 October 2009 `23 October 2009 For Immediate Release` Portland Gas Formation of Co-operation Group of potential investors in the Portland Project The Directors of Portland Gas plc (AIM: PTG) ("the Company") are pleased to announce that a Co-operation Group has been established in connection with the proposed 1 billion cubic metre gas storage project which is to be created at the Isle of Portland in Dorset, UK. The Group consists of five companies who have each expressed an interest in possibly acquiring a working interest in the Portland Project, together with Infrastrata UK Limited (the subsidiary of Portland Gas plc that currently owns Portland Gas Holdings Limited ("PGL")). The Group will work together to conduct a feasibility study in respect of the Project. PGL's legal advisor, Field Fisher Waterhouse LLP, will draw up a Shareholders' Agreement and a separate Capacity Agreement. In parallel, PGL's project finance advisor, BNP Paribas, will work on the development of the financing structure. For further information please contact: Portland Gas plc `Andrew Hindle, Chief Executive Officer 020 8332 1200` Craig Gouws, Chief Financial Officer PR - Watershed `Sara Hudston 01308 420785` Investor Relations - Buchanan Communications `Ben Willey 020 7466 5000` Nominated Advisor and Broker - Seymour Pierce `Jonathan Wright 020 7107 8000` Sarah Jacobs Richard Redmayne `Notes to Editors:` Background on Portland Gas plc Portland Gas' business is focused on the development of two gas storage projects in the United Kingdom at Portland, Dorset and at Islandmagee, County Antrim, Northern Ireland. The two projects could between them provide over 10% of the total UK and Ireland peak daily demand in the latter part of the next decade. The Company is also developing new projects in mainland Europe initially focussing on Germany and Spain. The Company is one of only a few in Europe focused specifically on gas storage development, a sector with significant growth potential in Europe over the coming decades. In order that the "Portland Gas" name can remain with the Portland Project where it is very well established in Dorset, the Directors intend to seek approval at the next Annual General Meeting of the Company, scheduled for December 2009, to change the name of Portland Gas plc to "Infrastrata plc". The Portland Project company, Portland Gas Holdings Limited, would then be renamed to "Portland Gas Limited". Portland Project At a projected 1,000 million cubic metres ("mcm") or 35 billion cubic feet ("bcf") of working gas, the facility would be the largest onshore gas storage facility in the UK. Planning permission was granted by Dorset County Council in May 2008 and Pipeline Construction Authorisation was granted by the BERR (now known as the Department of Energy and Climate Change) in July 2008. The gas storage facility is designed to inject or withdraw gas at 20mcm per day. The current estimate of total development cost for the project is £456m. The project will use brine compensation technology and will not require cushion gas. Background on Field Fisher Waterhouse LLP Field Fisher Waterhouse LLP ("FFW") is a substantial European law firm with over 130 partners and over 300 other lawyers and offices in London, Paris, Brussels, Hamburg and Manchester and associated offices in a number of Spanish and Italian cities. The firm is used to, and has extensive experience of, advising in relation to major projects and joint venture structures, both in the energy sector and in other fields. In particular FFW acted in relation to the UKContinent Gas Interconnector project from its inception in the early 1990s, providing independent advice to the project company in establishing the structure of, and documentation for, the project in conjunction with the project participants. FFW continue to act for Interconnector (UK) Limited today. FFW have much other relevant experience, including in relation to gas storage projects. Background on BNP Paribas BNP Paribas Group is one of the world's largest Banking groups with a strong balance sheet of over EUR1,517 billion and a market capitalization of approximately EUR27.6 billion (as of December 2008). With over 205,000 employees and an active presence in over 83 countries, it is a leading international institution operating in the world's seven largest financial centres and engaged in structured financing worldwide. BNP Paribas' franchise in Project Finance relies on an experienced team of over 100 professionals. BNP Paribas has been awarded Best Global Infrastructure & Project Finance House by Euromoney in 2009. Further information is available on the Company's website www.portland-gas.com. This information is provided by RNS The company news service from the London Stock Exchange END* MSCMGMZGVZNGLZM More
08-09-09	Portland Gas plc - Price Monitoring Extension	RNS
RNS Number : 7263Y Portland Gas plc 08 September 2009 Today's closing auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security during the initial auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the last automated execution today. The applicable percentage is set by reference to a security's TradElect sector. This is set out in the Sector Breakdown tab of the TradElect Parameters document at www.londonstockexchange.com/en-gb/products/membershiptrading/tradingservices</f ipP> This information is provided by RNS The company news service from the London Stock Exchange END PMECKFKNPBKDPCK More

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