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.
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
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