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 4^th December 2007 and 20^th 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	[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

 

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