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QFI Quadrise Fuels International Plc

1.5175
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quadrise Fuels International Plc LSE:QFI 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
  0.00 0.00% 1.5175 1.49 1.545 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Quadrise Fuels International PLC Director/PDMR Shareholding (9865D)

12/07/2016 4:24pm

UK Regulatory


Quadrise Fuels (LSE:QFI)
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TIDMQFI

RNS Number : 9865D

Quadrise Fuels International PLC

12 July 2016

12 July 2016

Quadrise Fuels International plc

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

Director/PDMR Shareholding

Quadrise Fuels International plc (AIM: QFI) is the emerging manufacturer and supplier of MSAR(R) emulsion fuels, a low cost alternative to heavy fuel oil (one of the world's largest fuel markets, with volumes of over 450 million tons per annum) in the global shipping, refining and steam and power generation markets.

The Company has been notified that Jason Miles, a director of the Company, has today accepted an offer from International Energy Group AG ("IEG") to acquire options awarded to him by IEG over 5,000,000 existing QFI ordinary shares held by IEG ("IEG Options"). Jason Miles' IEG Options have an exercise price of 1 penny per ordinary share. The consideration paid to Mr. Miles was 11.5 pence per IEG Option.

This transaction forms part of the liquidation process of IEG, as previously notified to the market on 11 September 2014.

Following the disposal of these IEG Options, Mr. Miles' interest in 2,880,633 ordinary shares, representing 0.36% of the Company's issued ordinary share capital, remains unchanged.

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

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                                      Jason Miles 
----  ----------------------------------------  ---------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------------- 
 a)    Position/status                           PDMR (Chief Operating Officer) 
----  ----------------------------------------  ---------------------------------- 
 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                                       - 
----  ----------------------------------------  ---------------------------------- 
 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              Options over ordinary shares 
        instrument, type of instrument 
----  ----------------------------------------  ---------------------------------- 
       Identification code                       GB00B11DDB67 
----  ----------------------------------------  ---------------------------------- 
 b)    Nature of the transaction                 Disposal of options 
----  ----------------------------------------  ---------------------------------- 
 c)    Price(s) and volumes(s)                   Price(s)          Volume(s) 
----  ----------------------------------------  ----------------  ---------------- 
   GBP0.115                                                        5,000,000 
  --------------------------------------------------------------  ---------------- 
 d)    Aggregated information 
----  ---------------------------------------------------------------------------- 
  Aggregated volume                         N/A - single transaction 
 ----------------------------------------  --------------------------------------- 
  Price                                     N/A - single transaction 
 ----------------------------------------  --------------------------------------- 
 e)    Date of the transaction                   12 July 2016 
----  ----------------------------------------  ---------------------------------- 
 f)    Place of the transaction                  Outside of a trading venue 
----  ----------------------------------------  ---------------------------------- 
 

For additional information, please contact:

Quadrise Fuels International plc +44 (0)20 7031 7321

Mike Kirk, Executive Chairman

Hemant Thanawala, Finance Director

Jason Miles, Chief Operating Officer

   Smith & Williamson Corporate Finance Limited                           +44 (0)20 7131 4000 

Dr Azhic Basirov

Ben Jeynes

Peel Hunt LLP +44 (0)20 7418 8900

Richard Crichton

Ross Allister

Chris Burrows

Bell Pottinger +44 (0)20 3772 2500

Daniel Thöle

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBUGDRCBBBGLD

(END) Dow Jones Newswires

July 12, 2016 11:24 ET (15:24 GMT)

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