Director/PDMR Shareholding

RNS Number : 3065D

Quadrise Fuels International PLC

05 July 2016

 

5 July 2016

Quadrise Fuels International plc

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

Director/PDMR Shareholding

Quadrise Fuels International plc (AIM: QFI) is the emerging manufacturer and supplier of MSAR® emulsion fuels, a low cost alternative to heavy fuel oil (one of the world's largest fuel markets, with volumes of over 450 million tons per annum) in the global shipping, refining and steam and power generation markets.

The Company has been notified that Hemant Thanawala, the Company's Finance Director, has today exercised 1,000,000 options granted to him by International Energy Group AG ("IEG") to acquire existing ordinary shares in the Company held by IEG at a price of 0.01 pence per ordinary share. Mr. Thanawala also today sold 500,000 ordinary shares in the Company at a price of 10 pence per ordinary share to meet his expected tax liability in respect of the exercise.

As a result, Mr. Thanawala is now beneficially interested in a total of 27,710,553 ordinary shares in the Company, representing 3.42% of the Company's issued ordinary share capital.

For additional information, please contact:

Quadrise Fuels International plc                                                    [phone] 

Mike Kirk, Executive Chairman

Hemant Thanawala, Finance Director

Jason Miles, Chief Operating Officer

Smith & Williamson Corporate Finance Limited                           [phone] 

Dr Azhic Basirov

Ben Jeynes

Peel Hunt LLP                                                                                   [phone]

Richard Crichton        

Ross Allister

Chris Burrows

Bell Pottinger                                                                                    [phone]

Daniel Thöle

 

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