Quadrise Fuels International PLC Stmnt re Share Price Movement (4306G)

TIDMQFI

RNS Number : 4306G

Quadrise Fuels International PLC

23 July 2019

Quadrise Fuels International plc

("Quadrise", "QFI" or the "Company")

Statement re Share Price Movement

Quadrise notes the movement in its share price. During 2019 the Company has been pleased to have reported significant business development progress, including the entry of new partnerships focussing on potential opportunities in Kuwait, the Kingdom of Saudi Arabia, Mexico, Morocco, China, the Commonwealth of Independent States (including Russia), Poland, Romania and Vietnam.

The agreements and MoUs entered into by Quadrise in 2019 follow the entry of a Co-Marketing and Project Development Agreement with Freepoint Commodities LLC in November 2018. As previously announced, the Company has sufficient resources to continue to operate and advance its business development opportunities until early October 2019.

As a result, the Company confirms that it is now seeking equity or equity-linked funding to enable the Company to continue with its business development initiatives beyond early October 2019 with a view to capitalising on recent business development progress and, ultimately, to delivering commercial projects.

Further announcements will be made, as appropriate, in due course.

For further information, please refer to the Company's website at www.quadrisefuels.com or contact:

 
Quadrise Fuels International Plc 
Mike Kirk, Executive Chairman          +44 (0)20 7031 7321 
Jason Miles, Chief Operating Officer 
 
Nominated Adviser 
Cenkos Securities plc 
Dr Azhic Basirov                       +44 (0)20 7397 8900 
Ben Jeynes 
 Katy Birkin 
 
Joint Brokers 
Peel Hunt LLP 
Richard Crichton                       +44 (0)20 7418 8900 
Ross Allister 
 
Shore Capital Stockbrokers Limited 
Daniel Harris 
 Andy Crossley                         +44 (0)20 7601 6108 
 
  Public & Investor Relations 
FTI Consulting 
Ben Brewerton 
 Ntobeko Chidavaenzi                   +44 (0)20 3727 1000

Notes to Editors

QFI is the supplier of MSAR(R) emulsion technology and fuels, a low-cost alternative to heavy fuel oil (one of the world's largest fuel markets, comprising over 450 million tons per annum) in the global power generation, shipping, steam and refining industries.

This announcement is inside information for the purposes of Article 7 of EU Regulations.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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