Quadrise Fuels International PLC Issue of Warrants (0184O)

TIDMQFI

RNS Number : 0184O

Quadrise Fuels International PLC

27 September 2019

27 September 2019

Quadrise Fuels International plc

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

Issue of Warrants

The Company announces that, following the general meeting of the Company held on 27 September 2019, the Company has today issued 4,900,000 warrants to subscribe for new ordinary shares in the Company, at any point until 36 months from the date of issue, at a current exercise price of 5.78 pence per new ordinary share pursuant to, and on and subject to the terms and conditions set out in, a warrant instrument dated 27 September 2019, the details of which were announced by the Company on 23 August 2019.

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 
 
Shore Capital Stockbrokers Limited 
Daniel Harris 
 Andy Crossley                         [phone] 
 Public & Investor Relations 
FTI Consulting 
Ben Brewerton                          [phone] 
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) Dow Jones Newswires

September 27, 2019 11:09 ET (15:09 GMT)