Quadrise Fuels International PLC PDMR Shareholding and Transfer of Share Options (2628E)
03 July 2019 - 4:00PM
UK Regulatory
TIDMQFI
RNS Number : 2628E
Quadrise Fuels International PLC
03 July 2019
3 July 2019
Quadrise Fuels International plc
("Quadrise", "QFI" or the "Company")
Director/PDMR Shareholding and Transfer of Share Options
Quadrise announces that, on 2 July 2019, Mike Kirk, Executive
Chairman, sold 500,000 ordinary shares of 1 pence each in the
capital of the Company ("Ordinary Shares") held jointly with his
wife, Julie Kirk, at 6.68 pence per Ordinary Share and subsequently
repurchased 468,982 Ordinary Shares at 7.10 pence per Ordinary
Share to be held equally in ISA's by Mike Kirk and Julie Kirk. Mike
Kirk has confirmed to the Company that he intends to purchase the
remaining 31,018 Ordinary Shares as soon as practicable.
Following the transactions effected to date (excluding the
intended purchase of 31,018 shares), Mr Kirk beneficially holds
568,982 Ordinary Shares, representing approximately 0.06 per cent
of the Company's issued share capital.
A further announcement will be made in due course.
The notification below, made in accordance with the requirements
of the Market Abuse Regulation, provides further detail.
In addition, further to the announcement on 27 June 2019, due to
the value of the share options granted to Jason Miles, Chief
Operating Officer, exceeding the prescribed EMI limit, 1,448,878
options originally granted under the Company's Enterprise
Management Incentive Plan to Jason Miles will be transferred to the
Company's Unapproved Option Scheme 2016. The number of share
options held by Jason Miles remains unchanged as a result of this
transfer.
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
Ntobeko Chidavaenzi +44 (0)20 3727 1000
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 PDMR (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 Sale of Ordinary Shares
-------------------------------------- ---------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
GBP0.0668 500,000
-------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
-------------------------------------- --------------------------------------------
e) Date of the transaction 2 July 2019
-------------------------------------- ---------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Michael Peter Kirk
-------------------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------
a) Position/status PDMR (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 Purchase of Ordinary Shares
-------------------------------------- ---------------------------------------
c) Price(s) and volume(s)
------------------ ----------------
Price(s) Volume(s)
------------------ ----------------
GBP0.0710 234,491
-------------------------------------------------------------- ----------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
-------------------------------------- --------------------------------------------
e) Date of the transaction 2 July 2019
-------------------------------------- ---------------------------------------
f) Place of the transaction Outside of a trading venue
-------------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Julie Kirk
-------------------------------------- -------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status PCA of Mike Kirk, 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 Purchase of Ordinary Shares
-------------------------------------- -------------------------------------------
c) Price(s) and volume(s)
-------------------- ------------------
Price(s) Volume(s)
-------------------- ------------------
GBP0.0710 234,491
---------------------------------------------------------------- ------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
-------------------------------------- ------------------------------------------------
e) Date of the transaction 2 July 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
MSCDMGGNKZZGLZM
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