Issue of Equity

RNS Number : 4906G

Quadrise Fuels International PLC

07 May 2014

 



7 May 2014

Quadrise Fuels International PLC

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

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 today it issued 860,645 new ordinary shares in the Company ("Ordinary Shares") to an executive staff member in consideration for the acquisition by the Company of his interests in a number of Quadrise subsidiary companies. This formed part of an agreement reached between the executive and the Company regarding the revision of his role, terms of service and future basis of compensation.

Application has been made for the 860,645 new Ordinary Shares to be admitted to trading on AIM and it is expected that dealings will commence on 13 May 2014.

Total Voting Rights

Following the admission to trading on AIM of the new Ordinary Shares on 13 May 2014, the Company's issued share capital will consist of 807,241,536 Ordinary Shares.

The total number of voting rights in the Company will be 807,241,536.  The voting rights on all these shares are identical.   This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules following 13 May 2014.

-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
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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