Quadrise Fuels International PLC Extension of Open Offer Closing Date (4289M)

TIDMQFI

RNS Number : 4289M

Quadrise Fuels International PLC

07 January 2019

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IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR ANY JURISDICTION IN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.

7 January 2019

Quadrise Fuels International plc

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

Extension of Open Offer Closing Date

Further to the Company's announcement of 7 December 2018, Quadrise announces that 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 11 January 2019 to 11.00 a.m. on 18 January 2019 in order to give Qualifying Shareholders who have not yet applied for Open Offer Shares the opportunity to do so.

The decision by the Company to extend the Open Offer follows an indication from a significant shareholder that additional time will be required for the shareholder to submit a completed Application Form and 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 7 December 2018.

REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 
Recommended latest time for requesting withdrawal    4.30 p.m. on 14 January 
 of Open Offer Entitlements and Excess CREST                            2019 
 Open Offer Entitlements from CREST 
Latest time for depositing Open Offer Entitlements   3.00 p.m. on 15 January 
 and Excess CREST Open Offer Entitlements                               2019 
 into CREST 
Latest time for splitting Application Forms          3.00 p.m. on 16 January 
 (to satisfy bona fide market claims only)                              2019 
Latest time and date for receipt of completed       11.00 a.m. on 18 January 
 Application Forms and payment in full under                            2019 
 the Open Offer and settlement of relevant 
 CREST instructions (as appropriate) 
Expected date of announcement of the results                 21 January 2019 
 of the Open Offer 
Expected time and date Admission effective                   22 January 2019 
 and dealings in Open Offer Shares commence 
 on AIM 
CREST accounts credited in respect of Open                   22 January 2019 
 Offer Shares 
Share certificates dispatched for the Open                   29 January 2019 
 Offer Shares by 
 
   (1)   References to times in this document are to London time (unless otherwise stated). 

(2) 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 above times or dates should change, the details of the revised times and/or dates will be notified to AIM and, where appropriate, to Shareholders.

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 
 
Stockdale Securities 
Andy Crossley 
 Daniel Harris                         [phone] 
 
  Public & Investor Relations 
FTI Consulting 
Ben Brewerton                          [phone] 
Sara Powell 
 

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.

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January 07, 2019 12:11 ET (17:11 GMT)