Holding(s) in Company

RNS Number : 1989J
Quadrise Fuels International PLC
01 April 2015
 

 

 

1 April 2015

 

Quadrise Fuels International PLC

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

 

Holdings in Company

 

Quadrise, the emerging supplier of MSAR®, a low cost alternative to heavy fuel oil in the shipping, refining, and power generation markets, has today been informed that an employee of the Company has today exercised options over 4,000,000 QFI ordinary shares of 1p each (the "Option Shares"), granted to him by International Energy Group AG ("IEG").  The Option Shares have an exercise price of 1 penny each.

Quadrise RNS notifications of 4th December 2007 and 20th November 2008 set out the circumstances in which IEG granted options over its shareholding in QFI to senior executives of the Company.

The exercise of the 4,000,000 options has reduced the IEG holding in QFI from 42,943,513 ordinary shares of 1p each to 38,943,513 ordinary shares of 1p each, representing 4.81 per cent of the Company's current issued ordinary share capital.

This reduces the number of outstanding options granted by IEG over its holding in Quadrise to 11,000,000.

 

 

-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
 
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Companies

Quadrise (QED)
UK 100