Quadrise PLC Extension of Open Offer Closing Date

RNS Number : 0234I

Quadrise PLC

22 March 2024

 

NEITHER THIS ANNOUNCEMENT NOR ANY PART OF IT CONSTITUTES AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THE INFORMATION COMMUNICATED WITHIN THIS ANNOUNCEMENT WAS DEEMED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 PRIOR TO ITS PUBLICATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

22 March 2024

 

Quadrise plc

(the "Company" and together with its subsidiaries the "Group" or "Quadrise")

 

Extension of Open Offer Closing Date

 

Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet,  announces that, pursuant to Part II, paragraph 11 of the Circular posted to shareholders on 19 March 2024  (the "Circular"), it will extend the latest time and date for receipt of completed Application Forms and payment in full under the Open Offer, or settlement of the relevant CREST instructions (as appropriate) from 11.00 a.m. on 5 April 2024 to 11.00 a.m. on 12 April 2024.

 

The decision by the Company to extend the Open Offer follows feedback from shareholders who have indicated a preference to have an extended period of time following the start of the new tax year on 5 April 2024 to submit a completed Application Form and make payment in full under the Open Offer, or settlement of the relevant CREST instructions (as appropriate).

 

The revised timetable of principal events is detailed below. The change in timetable does not impact applications already made, which continue to have effect and remain binding. Existing Application Forms can be used in accordance with the revised timetable set out below.

 

Capitalised terms in this announcement are as defined in the circular posted to shareholders on 19 March 2024.

 

REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

Recommended latest time for requesting withdrawal of Open Offer       Entitlements and Excess CREST Open Offer Entitlements from CREST	4.30 p.m. on 4 April 2024
Latest time for depositing Open Offer Entitlements and Excess  CREST Open Offer Entitlements into CREST	3.00 p.m. on 9 April 2024
Latest time for splitting Application Forms (to satisfy bona fide market   claims only)	3.00 p.m. on 10 April 2024
Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer and settlement of relevant CREST instructions (as appropriate)	11.00 a.m. on 12 April 2024
Expected date of announcement of the results of the Open Offer	12 April 2024
Share certificates dispatched for the Subscription Shares to be held in certificated form by	15 April 2024
Second Admission effective and dealings in the Open Offer Shares commence on AIM	8.00 a.m. on 16 April 2024
CREST accounts credited in respect of Open Offer Shares	16 April 2024
Share certificates dispatched for the Open Offer Shares to be held in certificated form by	25 April 2024

The dates and timing of the events in the above timetable are indicative only and may be subject to change at the absolute discretion of the Company. If any of the details contained in the timetable above should change, the revised times and dates will be notified by means of an announcement through a Regulatory Information Service. All references are to London time unless stated otherwise.

 

For further information contact:

 

Quadrise Plc Andy Morrison, Chairman Jason Miles, Chief Executive Officer	[phone]
Nominated Adviser Cavendish Capital Markets Limited Ben Jeynes Katy Birkin George Lawson	[phone]
Joint Brokers Shore Capital Stockbrokers Limited Toby Gibbs, Rachel Goldstein (Corporate Advisory) Fiona Conroy (Corporate Broking)	[phone]
VSA Capital Limited Andrew Raca (Corporate Finance) Andrew Monk (Corporate Broking)	[phone]
Public & Investor Relations Vigo Consulting Patrick D'Ancona Finlay Thomson Peter Jacob	[phone]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

OUPPPUMUWUPCGAP