Quadrise Fuels International PLC Issue of Warrants (0550P)

TIDMQFI

RNS Number : 0550P

Quadrise Fuels International PLC

16 June 2022

Quadrise Fuels International plc

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

Issue of Warrants

On 13 June 2022, the Company announced that it had signed a new Material Transfer & Cooperation Agreement (the "Agreement") with its client in Morocco.

As a result, and pursuant to the Morocco Representation Agreement (as amended) between the Company and Younes Maamar (the "Consultant"), the Company has now issued 3 million warrants to subscribe for new ordinary shares in the Company to the Consultant (the "Warrants"). The Warrants are exercisable at any time until 5 March 2023 at a price of 1.797 pence per new ordinary share.

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

 
Quadrise Fuels International Plc 
Andy Morrison, Chairman 
 Jason Miles, Chief Executive Officer   +44 (0)20 7031 7321 
 
Nominated Adviser 
Cenkos Securities plc 
Ben Jeynes                              +44 (0)20 7397 8900 
Katy Birkin 
Broker 
 Shore Capital Stockbrokers Limited 
Toby Gibbs                              +44 (0)20 7408 4090 
Fiona Conroy 
Public & Investor Relations 
Vigo Consulting 
 Patrick D'Ancona 
 Charlie Neish                          +44 (0)20 7390 0230 
 
Notes to Editors

Quadrise is the supplier of MSAR(R) and bioMSAR(TM) emulsion technology and fuels, providing innovative lower cost and lower carbon alternatives to fuel oil and biofuels in the global power generation, shipping, industrial and refining industries.

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June 16, 2022 02:00 ET (06:00 GMT)

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