Quadrise Fuels International PLC Director's Dealing and Issue of Equity (6228D)
January 30 2015 - 6:40AM
UK Regulatory
TIDMQFI
RNS Number : 6228D
Quadrise Fuels International PLC
30 January 2015
30 January 2015
Quadrise Fuels International PLC
("QFI", "Quadrise" or the "Company")
Director's Dealing and Issue of Equity
Quadrise, the emerging supplier of MSAR(R), a low cost
alternative to heavy fuel oil in the shipping, refining, and power
generation markets, announces that on 29 January 2015, Jason Miles,
the Company's Chief Operating Officer, exercised 750,000 share
options at a price of 14.23 pence per share. Following the exercise
of share options Jason Miles sold 100,000 ordinary shares in the
Company ("Ordinary Shares") at a price of 18.00 pence per share on
30 January 2015 to satisfy tax obligations.
Following these transactions Jason Miles holds 2,880,633
Ordinary Shares, representing 0.36 per cent. of the Company's
issued ordinary share capital.
Quadrise has applied for the 750,000 Ordinary Shares referred to
above to be admitted to trading on AIM and this is expected to
become effective on 5 February 2015.
Following the issue of the new ordinary shares, Quadrise will
have 809,585,162 ordinary shares in issue and there are no shares
held in treasury. This is the total number of voting rights in the
Company and 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 change to their interest in, Quadrise under
the Disclosure and Transparency Rules.
-ENDS-
For further information, please refer to the Company's website
at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc +44 (0)20 7031 7321
Ian Williams, Executive Chairman
Hemant Thanawala, Finance Director
Jason Miles, Chief Operating Officer
Nominated Adviser
Smith & Williamson Corporate Finance
Limited +44 (0)20 7131 4000
Dr Azhic Basirov
Ben Jeynes
Broker
Peel Hunt LLP +44 (0)20 7418 8900
Richard Crichton
Ross Allister
Alastair Rae
Public & Investor Relations
Pelham Bell Pottinger +44 (0)20 7861 3232
Philip Dennis
Rollo Crichton-Stuart
This information is provided by RNS
The company news service from the London Stock Exchange
END
RDSWGUCWGUPAGGU
Quadrise (LSE:QED)
Historical Stock Chart
From Apr 2024 to May 2024
Quadrise (LSE:QED)
Historical Stock Chart
From May 2023 to May 2024