Quadrise Fuels International PLC Block Admission Cancellation and Interim Review (4327O)
February 01 2023 - 2:00AM
UK Regulatory
TIDMQFI
RNS Number : 4327O
Quadrise Fuels International PLC
01 February 2023
1 February 2023
Quadrise Fuels International plc
("Quadrise", or "Company")
Block Admission Cancellation and Interim Review
Quadrise (AIM:QFI) , 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 , provides an
update in relation to the Company's block admission arrangements
(the "Block Admissions").
Given that all of the warrants detailed below have now lapsed,
the Block Admissions associated with the warrants (comprising all
of the Company's Block Admissions ) have been cancelled.
The Company has made no allotments under the Block Admissions
since the last Block Admissions Interim Review announced by the
Company on 1 August 2022. A final Block Admissions Interim Review
is set out below:
Block Admission Interim Review
Name of the company: Quadrise Fuels International plc
Name of scheme: 1. 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.
2. 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.
3. 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.
4. 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.
--------------------------------------------------------
Period of return: From: 31 July 2022 To: 1 February
2023
------- ------------------------ ---- ---------------
1: 3,000,000
2: 4,900,000
3: 23,273,210
4: 9,050,506
Number of unallotted securities not issued under the scheme(s) at the start of the period: Total: 40,223,716
---------------- --------------------------------------
Plus: The amount by which the block scheme(s) has been increased since the date of the last
return (if any increase has been applied for): 1: 0
2: 0
3: 0
4: 0
Total: 0
---------------- --------------------------------------
Less: Number of securities issued/allotted under scheme(s) during period: 1: 0
2: 0
3: 0
4: 0
Total: 0
---------------- --------------------------------------
Equals: Balance under scheme(s) not yet issued/allotted at end of period:
1: 3,000,000 warrants (expired on 27
February 2022)
2:
4,900,000 warrants (expired on 27
3: September 2022)
4: 23,273,210 warrants (expired on 6
September 2022)
Total:
9,050,506 warrants (expired on 6
September 2022)
0
---------------- --------------------------------------
Number and class of securities originally admitted and the date of admission:
1: 3,000,000 - 5 August 2021
2: 4,900,000 - 5 August 2021
3: 23,277,519 - 5 August 2021
4: 9,050,506 - 5 August 2021
Total: 40,228,025
---------------- --------------------------------------
Name of contact: Ian Farrelly, Company Secretary
--------------------------------------------------------
Telephone number of contact: +44 (0) 20 7031 7321
--------------------------------------------------------
For further information, please refer to the Company's website
at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc
Jason Miles, Chief Executive Officer +44 (0)20 7031 7321
David Scott, Head of Finance
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
QFI is the supplier of MSAR(R) and bioMSAR(TM) emulsion
technology and fuels, low-cost alternatives to heavy fuel oil (one
of the world's largest fuel markets, comprising over 340 million
tons per annum) in the global power generation, shipping,
industrial and refining 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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
BLRFZGFMMMKGFZM
(END) Dow Jones Newswires
February 01, 2023 02:00 ET (07:00 GMT)
Quadrise (LSE:QED)
Historical Stock Chart
From May 2024 to Jun 2024
Quadrise (LSE:QED)
Historical Stock Chart
From Jun 2023 to Jun 2024
