Director/PDMR Shareholding

RNS Number : 1289V

Quadrise Fuels International PLC

25 January 2017

 

25 January 2017

Quadrise Fuels International plc

("Quadrise" or the "Company")

Director/PDMR Shareholder

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

The Company has been notified that Hemant Thanawala, the Company's Finance Director, has today transferred 2,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to his adult son for nil consideration.

As a result, Mr. Thanawala is now interested in 29,039,579 Ordinary Shares, representing 3.37 per cent. of the Company's issued ordinary share capital.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Hemant Thanawala
2	Reason for the notification
a)	Position/status	PDMR (Director)
b)	Initial notification/Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Quadrise Fuels International plc
b)	LEI	-
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each
	Identification code	GB00B11DDB67
b)	Nature of the transaction	Disposal of ordinary shares
c)	Price(s) and volumes(s)	Price(s)	Volume(s)
		£0.00	2,000,000
d)	Aggregated information	N/A (single transaction)
	Aggregated volume	-
	Price	-
e)	Date of the transaction	25 January 2017
f)	Place of the transaction	Outside of a trading venue

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

Quadrise Fuels International plc              Mike Kirk, Executive Chairman Hemant Thanawala , Finance Director Jason Miles, Chief Operating Officer	[phone]
Nominated Adviser Smith & Williamson Corporate Finance Limited               Dr Azhic Basirov Ben Jeynes	[phone]
Broker Peel Hunt LLP Richard Crichton              Ross Allister Chris Burrows	[phone]
Public & Investor Relations FTI Consulting Ben Brewerton Sara Powell	[phone]

 

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