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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 |
TIDMQFI
RNS Number : 2751Y
Quadrise Fuels International PLC
07 September 2020
7 September 2020
Quadrise Fuels International plc
("Quadrise", "QFI" or "the Company")
Issue of Equity
The Company announces that, following receipt of a notice of exercise in respect of the convertible security issued by the Company on 30 August 2019 (the "Convertible Security") to convert GBP400,000 of the Convertible Security into new ordinary shares in the Company at a conversion price of 1.7p per new ordinary share, the Company has today issued 23,529,412 new ordinary shares (the "New Ordinary Shares"). An amount of GBP1,000,000 remains outstanding under the Convertible Security.
Application has been made for the New Ordinary Shares, which rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission of the New Ordinary Shares is expected at 8.00 a.m. on 11 September 2020.
On Admission, the Company will have 1,077,430,186 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. No Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 1,077,430,186 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information, please refer to the Company's website at www.quadrisefuels.com , or contact ir@quadrisefuels.com or phone:
Quadrise Fuels International Plc Mike Kirk, Chairman +44 (0)20 7031 7321 Jason Miles, Chief Executive Officer Nominated Adviser Cenkos Securities plc Ben Jeynes +44 (0)20 7397 8900 Katy Birkin Joint Brokers Peel Hunt LLP Richard Crichton +44 (0)20 7418 8900 David McKeown Shore Capital Stockbrokers Limited Toby Gibbs +44 (0)20 7408 4090 Fiona Conroy Public & Investor Relations Ben Brewerton +44 (0)20 3727 1000 Ntobeko Chidavaenzi
Notes to Editors
QFI is the supplier of MSAR(R) 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.
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END
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(END) Dow Jones Newswires
September 07, 2020 12:56 ET (16:56 GMT)
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