Director's Dealing and Issue of Equity

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®, 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	[phone]
Ian Williams, Executive Chairman
Hemant Thanawala, Finance Director
Jason Miles, Chief Operating Officer
Nominated Adviser
Smith & Williamson Corporate Finance Limited	[phone]
Dr Azhic Basirov
Ben Jeynes
Broker
Peel Hunt LLP	[phone]
Richard Crichton
Ross Allister
Alastair Rae
Public & Investor Relations
Pelham Bell Pottinger	[phone]
Philip Dennis
Rollo Crichton-Stuart

 

END

 

 

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