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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Quadrise Plc | LSE:QED | London | Ordinary Share | GB00B11DDB67 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0075 | 0.48% | 1.5625 | 1.455 | 1.67 | 1.52 | 1.52 | 1.52 | 720,924 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | -3.09M | -0.0021 | -7.24 | 22.72M |
TIDMQFI
RNS Number : 9724T
Quadrise Fuels International PLC
01 April 2016
1 April 2016
Quadrise Fuels International plc
("Quadrise", "QFI" or the "Company")
Issue of Options and Director's Dealing
Quadrise Fuels International plc (AIM: QFI) is the emerging manufacturer and supplier of MSAR emulsion fuels, a low cost alternative to heavy fuel oil (one of the world's largest fuel markets, consuming over 450 million tons per annum) in the global shipping, refining and steam and power generation markets.
Mike Kirk, Executive Chairman, was today granted 3,000,000 options to subscribe for new Ordinary shares of 1p each in the Company ("Ordinary Shares") in accordance with the provisions of the Company's Share Option Scheme (the "Options") and his Executive Director's Service Agreement.
Following the grant of the Options, the Company has a total of 34,450,000 Ordinary Shares under option representing approximately 4.26 per cent of the Company's issued ordinary share capital.
Under the rules of the Company's Share Option Scheme, the Options are exercisable at a price of 12.5 pence per Ordinary Share, being the highest of: a) the nominal value of the Ordinary Shares; b) 11.86 pence per Ordinary Share, being the average of the closing mid-market price per Ordinary Share for the 30 dealing days immediately preceding the date of the grant; and c) 12.5 pence, being the closing mid-market price per Ordinary Share on 1 April 2016.
Options will vest in line with the Company's Share Option Scheme on a semi-annual pro rata basis over 24 months. Such vesting to be subject to continued employment and acceptable performance in the period preceding the vesting period.
For further information, please refer to the Company's website at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc +44 (0)20 7031 Mike Kirk, Executive Chairman 7321 Hemant Thanawala, Finance Director Jason Miles, Chief Operating Officer Nominated Adviser Smith & Williamson Corporate Finance Limited +44 (0)20 7131 Dr Azhic Basirov 4000 Ben Jeynes Broker Peel Hunt LLP +44 (0)20 7418 Richard Crichton 8900 Ross Allister Chris Burrows Public & Investor Relations Bell Pottinger +44 (0)20 3772 Rollo Crichton-Stuart 2569 Greg Wood
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAKLFEENKEFF
(END) Dow Jones Newswires
April 01, 2016 12:11 ET (16:11 GMT)
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