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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 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMQFI
RNS Number : 7151D
Quadrise Fuels International PLC
27 June 2019
27 June 2019
Quadrise Fuels International plc
("Quadrise", "QFI" or the "Company")
Issue of Share Options
Quadrise announces that it has today granted a total of 15,000,000 options (the "Options") over new ordinary shares of 1p each in the Company ("Ordinary Shares") to the directors of the Company in accordance with the provisions of: (a) the Company's Enterprise Management Incentive Plan ("EMI Plan"), in respect of awards of an aggregate of 8,000,000 Options to executive directors (the "EMI Options"); and (b) the Company's Unapproved Option Scheme 2016 ("2016 Scheme") in respect of awards of an aggregate of 7,000,000 Options to the Company's non-executive directors ("2016 Scheme Options").
Following the grant of Options to the directors in the amounts shown below, the Company has a total of 39,400,000 Ordinary Shares under option, representing approximately 4.3 per cent of the Company's current issued ordinary share capital. In addition, the Company has, conditionally, a further 118,000,000 Ordinary Shares under warrant, representing 12.8 per cent. of the Company's current issued ordinary share capital.
Hot Features
Premium
Director Number of Options Plan Exercise price
Mike Kirk 3,000,000 EMI Plan 7.5p
------------------ ------------ ---------------
Jason Miles 5,000,000 EMI Plan 7.5p
------------------ ------------ ---------------
Laurie Mutch 2,000,000 2016 Scheme 7.5p
------------------ ------------ ---------------
Philip Snaith 2,000,000 2016 Scheme 7.5p
------------------ ------------ ---------------
Hemant Thanawala 2,000,000 2016 Scheme 7.5p
------------------ ------------ ---------------
Dilip Shah 500,000 2016 Scheme 7.5p
------------------ ------------ ---------------
Bryan K Sanderson 500,000 2016 Scheme 7.5p
------------------ ------------ ---------------
Total 15,000,000 - -
------------------ ------------ ---------------
The EMI Options will vest as to: 25% one month after the date of grant; 25% on the first anniversary of the grant date subject to the satisfaction of certain performance conditions prior to that date; and 25% on each of the second and third anniversaries of the grant date subject to the assessed satisfactory individual performance of the awardee.
The 2016 Scheme Options will vest 25% on grant, 25% on the first anniversary of grant, 25% on the second anniversary of grant, and 25% on the third anniversary of grant.
The EMI Options will be exercisable from vesting until the tenth anniversary of grant and the 2016 Scheme Options will be exercisable from vesting until the eighth anniversary of grant.
The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.
For further information, please refer to the Company's website at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc Mike Kirk, Executive Chairman +44 (0)20 7031 7321 Jason Miles, Chief Operating Officer Nominated Adviser Cenkos Securities plc Dr Azhic Basirov +44 (0)20 7397 8900 Ben Jeynes Katy Birkin Joint Brokers Peel Hunt LLP Richard Crichton +44 (0)20 7418 8900 Ross Allister Shore Capital Stockbrokers Limited Daniel Harris Andy Crossley +44 (0)20 7601 6108 Public & Investor Relations FTI Consulting Ben Brewerton +44 (0)20 3727 1000 Ntobeko Chidavaenzi
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 Michael Peter Kirk
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Executive Chairman
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Quadrise Fuels International PLC
--------------------------------------- --------------------------------------------
b) LEI 213800HN2ETG5476U328
--------------------------------------- --------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00B11DDB67
--------------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 1 pence each
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP0.00 3,000,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
--------------------------------------- -------------------------------------------------
e) Date of the transaction 27 June 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Jason Victor Miles
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Chief Operating Officer
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Quadrise Fuels International PLC
--------------------------------------- --------------------------------------------
b) LEI 213800HN2ETG5476U328
--------------------------------------- --------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00B11DDB67
--------------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 1 pence each
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP0.00 5,000,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
--------------------------------------- -------------------------------------------------
e) Date of the transaction 27 June 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Laurence Ian Mutch
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Quadrise Fuels International PLC
--------------------------------------- --------------------------------------------
b) LEI 213800HN2ETG5476U328
--------------------------------------- --------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00B11DDB67
--------------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 1 pence each
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP0.00 2,000,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
--------------------------------------- -------------------------------------------------
e) Date of the transaction 27 June 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Philip Neil Snaith
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Quadrise Fuels International PLC
--------------------------------------- --------------------------------------------
b) LEI 213800HN2ETG5476U328
--------------------------------------- --------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00B11DDB67
--------------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 1 pence each
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP0.00 2,000,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
--------------------------------------- -------------------------------------------------
e) Date of the transaction 27 June 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Hemant Thanawala
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Quadrise Fuels International PLC
--------------------------------------- --------------------------------------------
b) LEI 213800HN2ETG5476U328
--------------------------------------- --------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00B11DDB67
--------------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 1 pence each
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP0.00 2,000,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
--------------------------------------- -------------------------------------------------
e) Date of the transaction 27 June 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Dilipkumar Kantilal Shah
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Quadrise Fuels International PLC
--------------------------------------- --------------------------------------------
b) LEI 213800HN2ETG5476U328
--------------------------------------- --------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00B11DDB67
--------------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 1 pence each
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP0.00 500,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
--------------------------------------- -------------------------------------------------
e) Date of the transaction 27 June 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Bryan Kaye Sanderson
--------------------------------------- --------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------
a) Position/status Non-executive director
--------------------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
--------------------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------------------
a) Name Quadrise Fuels International PLC
--------------------------------------- --------------------------------------------
b) LEI 213800HN2ETG5476U328
--------------------------------------- --------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument
Identification code ISIN: GB00B11DDB67
--------------------------------------- --------------------------------------------
b) Nature of the transaction Grant of options over ordinary shares
of 1 pence each
--------------------------------------- --------------------------------------------
c) Price(s) and volume(s)
-------------------- -------------------
Price(s) Volume(s)
-------------------- -------------------
GBP0.00 500,000
----------------------------------------------------------------- -------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
--------------------------------------- -------------------------------------------------
e) Date of the transaction 27 June 2019
--------------------------------------- --------------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------------- --------------------------------------------
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 rns@lseg.com or visit www.rns.com.
END
DSHLLFLEREIDFIA
(END) Dow Jones Newswires
June 27, 2019 12:20 ET (16:20 GMT)
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