Extension of Open Offer Closing Date

RNS Number : 4289M

Quadrise Fuels International PLC

07 January 2019

 

NEITHER THIS ANNOUNCEMENT NOR ANY PART OF IT CONSTITUTES AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

The information communicated within this announcement WAS deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 PRIOR TO ITS PUBLICATION. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

7 January 2019 

Quadrise Fuels International plc

("Quadrise", "QFI'', the "Company" and together with its subsidiaries the "Group")

Extension of Open Offer Closing Date

Further to the Company's announcement of 7 December 2018, Quadrise announces that it will extend the latest time and date for receipt of completed Application Forms and payment in full under the Open Offer, or settlement of the relevant CREST instructions (as appropriate) from 11.00 a.m. on 11 January 2019 to 11.00 a.m. on 18 January 2019 in order to give Qualifying Shareholders who have not yet applied for Open Offer Shares the opportunity to do so.

The decision by the Company to extend the Open Offer follows an indication from a significant shareholder that additional time will be required for the shareholder to submit a completed Application Form and payment in full under the Open Offer, or settlement of the relevant CREST instructions (as appropriate).

The revised timetable of principal events is detailed below. The change in timetable does not impact applications already made, which continue to have effect and remain binding. Existing Application Forms can be used in accordance with the revised timetable set out below.

Capitalised terms in this announcement are as defined in the circular posted to shareholders on 7 December 2018.

REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS

Recommended latest time for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST	4.30 p.m. on 14 January 2019
Latest time for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements into CREST	3.00 p.m. on 15 January 2019
Latest time for splitting Application Forms (to satisfy bona fide market claims only)	3.00 p.m. on 16 January 2019
Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer and settlement of relevant CREST instructions (as appropriate)	11.00 a.m. on 18 January 2019
Expected date of announcement of the results of the Open Offer	21 January 2019
Expected time and date Admission effective and dealings in Open Offer Shares commence on AIM	22 January 2019
CREST accounts credited in respect of Open Offer Shares	22 January 2019
Share certificates dispatched for the Open Offer Shares by	29 January 2019

(1)   References to times in this document are to London time (unless otherwise stated).

(2)   The dates and timing of the events in the above timetable are indicative only and may be subject to change at the absolute discretion of the Company. If any of the above times or dates should change, the details of the revised times and/or dates will be notified to AIM and, where appropriate, to Shareholders.

For further information, please refer to the Company's website at www.quadrisefuels.com, or contact [e-mail] or phone:

Quadrise Fuels International Plc
Mike Kirk, Executive Chairman	[phone]
Jason Miles, Chief Operating Officer
Nominated Adviser
Cenkos Securities plc
Dr Azhic Basirov	[phone]
Ben Jeynes Katy Birkin
Joint Brokers
Peel Hunt LLP
Richard Crichton	[phone]
Ross Allister
Stockdale Securities
Andy Crossley Daniel Harris	[phone]
Public & Investor Relations
FTI Consulting
Ben Brewerton	[phone]
Sara Powell

 

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