Quadrise Fuels International PLC Block Admissions (0569H)
July 30 2021 - 4:30AM
UK Regulatory
TIDMQFI
RNS Number : 0569H
Quadrise Fuels International PLC
30 July 2021
30 July 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its
subsidiaries the "Group")
Block Admissions
Quadrise, the supplier of MSAR(R) and bioMSAR(TM) emulsion
technology and fuels, low-cost, cleaner alternatives to heavy fuel
oil and biofuels, announces that it has today made application for
the block admissions (the "Block Admissions") of up to a total of
40,228,025 ordinary shares of 1 pence each in the Company
("Ordinary Shares") to be admitted to trading on AIM.
Application has been made for the Block Admission Ordinary
Shares, which will, when issued, rank pari passu with the existing
Ordinary Shares, to be admitted to trading on AIM ("Admission") at
8.00 a.m. on 5 August 2021.
Following Admission, the Company will continue to have
1,406,900,659 Ordinary Shares in issue, which remains unchanged
from previous notifications.
The Block Admissions, which enable the Company to handle future
smaller warrant exercises in an efficient manner, have been made in
respect of the issue of new Ordinary Shares which may be issued
from time to time pursuant to the exercise of certain existing
warrants to subscribe for new Ordinary Shares in the amounts shown
below.
(i) Warrants to subscribe for new Ordinary Shares at a price of
3.532 pence per new Ordinary Share at any time until expiry on 27
February 2022 issued by the Company in December 2019 (the "December
2019 Warrants"). The grant of the December 2019 Warrants was
announced by the Company on 29 November 2019 in connection with a
Morocco Representation Agreement announced on 6 March 2019;
(ii) Warrants to subscribe for new Ordinary Shares at a price of
5.78 pence per new Ordinary Share at any time until expiry on 27
September 2022 issued by the Company in September 2019 (the
"September 2019 Warrants"). The grant of the September 2019
Warrants was first announced by the Company on 23 August 2019 in
connection with a then announced issue of convertible securities by
the Company;
(iii) Warrants to subscribe for new Ordinary Shares at a price
of 7.48 pence per new Ordinary Share at any time until 6 September
2022 issued by the Company in September 2019 (the "September 2019 -
Open Offer Warrants"). The grant of the September 2019 - Open Offer
Warrants was announced by the Company on 30 September 2019 in
connection with an open offer to existing Quadrise shareholders
first announced on 9 September 2019; and
(iv) Warrants to subscribe for new Ordinary Shares at a price of
7.48 pence per new Ordinary Share at any time until expiry on 6
September 2022 issued by the Company in September 2019 (the
"September 2019 - Subscription Warrants"). The grant of the
September 2019 - Subscription Warrants was announced by the Company
on 9 September 2019 in connection with a then announced
subscription for new ordinary shares in the Company.
together the "Warrants".
Block Admissions
December 2019 Warrants 3,000,000
September 2019 Warrants 4,900,000
-----------
September 2019 - Open Offer
Warrants 23,277,519
-----------
September 2019 - Subscription
Warrants 9,050,506
-----------
Total 40,228,025
-----------
For further information, please contact:
Quadrise Fuels International Plc
Mike Kirk, Chairman +44 (0)20 7031 7321
Jason Miles, Chief Executive Officer ir@quadrisefuels.com
Nominated Adviser
Cenkos Securities plc
Ben Jeynes
Katy Birkin +44 (0)20 7397 8900
Joint Brokers
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
David McKeown
Shore Capital Stockbrokers Limited
Toby Gibbs
Fiona Conroy +44 (0)20 7408 4090
Public & Investor Relations
FTI Consulting
Ben Brewerton +44 (0)20 3727 1000
Ntobeko Chidavaenzi
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END
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