Issue of Warrants

RNS Number : 0184O

Quadrise Fuels International PLC

27 September 2019

 

27 September 2019

Quadrise Fuels International plc

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

Issue of Warrants

The Company announces that, following the general meeting of the Company held on 27 September 2019, the Company has today issued 4,900,000 warrants to subscribe for new ordinary shares in the Company, at any point until 36 months from the date of issue, at a current exercise price of 5.78 pence per new ordinary share pursuant to, and on and subject to the terms and conditions set out in, a warrant instrument dated 27 September 2019, the details of which were announced by the Company on 23 August 2019.

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

Notes to Editors

QFI is the supplier of MSAR^® emulsion technology and fuels, a low-cost alternative to heavy fuel oil (one of the world's largest fuel markets, comprising over 450 million tons per annum) in the global shipping, refining and steam and power generation industries.

 

END

 

 

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