Quadrise Fuels International PLC Issue of Equity (9255J)
April 16 2020 - 9:21AM
UK Regulatory
TIDMQFI
RNS Number : 9255J
Quadrise Fuels International PLC
16 April 2020
16 April 2020
Quadrise Fuels International plc
("Quadrise", "QFI" or "the Company")
Issue of Equity
The Company announces that, following receipt of a notice of
exercise in respect of the convertible security issued by the
Company on 30 August 2019 (the "Convertible Security") to convert
GBP100,000 of the Convertible Security into new ordinary shares in
the Company at a conversion price of 1.2p per new ordinary share,
the Company has today issued 8,333,333 new ordinary shares (the
"New Ordinary Shares"). An amount of GBP1,950,000 remains
outstanding under the Convertible Security.
Application has been made for the New Ordinary Shares, which
rank pari passu with the Company's existing ordinary shares, to be
admitted to trading on AIM ("Admission"). Admission of the New
Ordinary Shares is expected at 8.00 a.m. on 21 April 2020.
On Admission, the Company will have 1,012,423,501 Ordinary
Shares in issue with each Ordinary Share carrying the right to one
vote. No Ordinary Shares are held in treasury. The total number of
voting rights in the Company will therefore be 1,012,423,501 and
this figure may be used by shareholders as the denominator for the
calculations by which they determine if they are required to notify
their interest in, or a change to their interest in, the Company in
accordance with the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
For further information, please refer to the Company's website
at www.quadrisefuels.com , or contact ir@quadrisefuels.com or
phone:
Quadrise Fuels International Plc
Mike Kirk, Chairman +44 (0)20 7031 7321
Jason Miles, Chief Executive Officer
Nominated Adviser
Cenkos Securities plc
Ben Jeynes +44 (0)20 7397 8900
Katy Birkin
Joint Brokers
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
David McKeown
Shore Capital Stockbrokers Limited
Toby Gibbs +44 (0)20 7408 4090
Fiona Conroy
Public & Investor Relations
Ben Brewerton +44 (0)20 3727 1000
Ntobeko Chidavaenzi
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 shipping, refining and steam and power generation
industries.
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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