PDMR Shareholding and Transfer of Share Options

RNS Number : 2628E

Quadrise Fuels International PLC

03 July 2019

 

3 July 2019

Quadrise Fuels International plc

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

Director/PDMR Shareholding and Transfer of Share Options

Quadrise announces that, on 2 July 2019, Mike Kirk, Executive Chairman, sold 500,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") held jointly with his wife, Julie Kirk, at 6.68 pence per Ordinary Share and subsequently repurchased 468,982 Ordinary Shares at 7.10 pence per Ordinary Share to be held equally in ISA's by Mike Kirk and Julie Kirk. Mike Kirk has confirmed to the Company that he intends to purchase the remaining 31,018 Ordinary Shares as soon as practicable.

Following the transactions effected to date (excluding the intended purchase of 31,018 shares), Mr Kirk beneficially holds 568,982 Ordinary Shares, representing approximately 0.06 per cent of the Company's issued share capital.

A further announcement will be made in due course.

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

In addition, further to the announcement on 27 June 2019, due to the value of the share options granted to Jason Miles, Chief Operating Officer, exceeding the prescribed EMI limit, 1,448,878 options originally granted under the Company's Enterprise Management Incentive Plan to Jason Miles will be transferred to the Company's Unapproved Option Scheme 2016. The number of share options held by Jason Miles remains unchanged as a result of this transfer.

For further information, please refer to the Company's website at www.quadrisefuels.com or contact:

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
Shore Capital Stockbrokers Limited
Daniel Harris Andy Crossley	[phone]
Public & Investor Relations
FTI Consulting
Ben Brewerton Ntobeko Chidavaenzi	[phone]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Peter Kirk
2	Reason for the notification
a)	Position/status	PDMR (Executive Chairman)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Quadrise Fuels International PLC
b)	LEI	213800HN2ETG5476U328
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 1 pence each
	Identification code	ISIN: GB00B11DDB67
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0668	500,000
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price	N/A - single transaction
e)	Date of the transaction	2 July 2019
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Peter Kirk
2	Reason for the notification
a)	Position/status	PDMR (Executive Chairman)
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Quadrise Fuels International PLC
b)	LEI	213800HN2ETG5476U328
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 1 pence each
	Identification code	ISIN: GB00B11DDB67
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0710	234,491
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price	N/A - single transaction
e)	Date of the transaction	2 July 2019
f)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Julie Kirk
2	Reason for the notification
a)	Position/status	PCA of Mike Kirk, Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Quadrise Fuels International PLC
b)	LEI	213800HN2ETG5476U328
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 1 pence each
	Identification code	ISIN: GB00B11DDB67
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			£0.0710	234,491
d)	Aggregated information
	- Aggregated volume	N/A - single transaction
	- Price	N/A - single transaction
e)	Date of the transaction	2 July 2019
f)	Place of the transaction	Outside of a trading venue

 

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