Quadrise Fuels International PLC Block Admission Interim Review (4149U)
01 August 2022 - 6:30PM
UK Regulatory
TIDMQFI
RNS Number : 4149U
Quadrise Fuels International PLC
01 August 2022
1 August 2022
Quadrise Fuels International plc
("Quadrise", or "Company")
Block Admission Interim Review
Quadrise (AIM:QFI) , the supplier of MSAR(R) and bioMSAR(TM)
emulsion technology and fuels, providing innovative lower cost and
lower carbon alternatives to fuel oil and biofuels , provides an
update in relation to the Company's block admission arrangements
(the "Block Admissions") in respect of new ordinary shares of 1
pence in the Company ("Ordinary Shares") which may be issued as a
result of future exercises of existing warrants. The Block
Admissions have been put in place to enable the Company to handle
any future exercises of existing warrants in an efficient
manner.
Block Admission Interim Review
Pursuant to Rule 29 of, and Schedule Six to, the AIM Rules for
Companies, the Company provides the following notification
regarding its Block Admissions.
Name of the company: Quadrise Fuels International plc
Name of scheme: 1. Warrants to subscribe for new Ordinary
Shares at a price of 3.532 pence per new
Ordinary
Share at any time until expiry on 27
February 2022 issued by the Company in
December 2019
(the "December 2019 Warrants"). The grant
of the December 2019 Warrants was announced
by the
Company on 29 November 2019 in connection
with a Morocco Representation Agreement
announced
on 6 March 2019.
2. Warrants to subscribe for new Ordinary
Shares at a price of 5.78 pence per new
Ordinary
Share at any time until expiry on 27
September 2022 issued by the Company in
September 2019
(the "September 2019 Warrants"). The grant
of the September 2019 Warrants was first
announced
by the Company on 23 August 2019 in
connection with a then announced issue of
convertible
securities by the Company.
3. Warrants to subscribe for new Ordinary
Shares at a price of 7.48 pence per new
Ordinary
Share at any time until 6 September 2022
issued by the Company in September 2019
(the "September
2019 - Open Offer Warrants"). The grant of
the September 2019 - Open Offer Warrants
was announced
by the Company on 30 September 2019 in
connection with an open offer to existing
Quadrise
shareholders first announced on 9 September
2019.
4. Warrants to subscribe for new Ordinary
Shares at a price of 7.48 pence per new
Ordinary
Share at any time until expiry on 6
September 2022 issued by the Company in
September 2019
(the "September 2019 - Subscription
Warrants"). The grant of the September 2019
- Subscription
Warrants was announced by the Company on 9
September 2019 in connection with a then
announced
subscription for new ordinary shares in the
Company.
--------------------------------------------------------
Period of return: From: 1 February 2022 To: 31 July 2022
------- ------------------------ ---- ---------------
1: 3,000,000
2: 4,900,000
3: 23,273,210
4: 9,050,506
Number of unallotted securities not issued under the scheme(s) at the start of the period: Total: 40,223,716
---------------- --------------------------------------
Plus: The amount by which the block scheme(s) has been increased since the date of the last
return (if any increase has been applied for): 1: 0
2: 0
3: 0
4: 0
Total: 0
---------------- --------------------------------------
Less: Number of securities issued/allotted under scheme(s) during period: 1: 0
2: 0
3: 0
4: 0
Total: 0
---------------- --------------------------------------
Equals: Balance under scheme(s) not yet issued/allotted at end of period:
1: 3,000,000 warrants expired on 27
February 2022
2:
4,900,000
3:
23,273,210
4:
9,050,506
Total:
37,223,716
---------------- --------------------------------------
Number and class of securities originally admitted and the date of admission:
1: 3,000,000 - 5 August 2021
2: 4,900,000 - 5 August 2021
3: 23,277,519 - 5 August 2021
4: 9,050,506 - 5 August 2021
Total: 40,228,025
---------------- --------------------------------------
Name of contact: Ian Farrelly, Company Secretary
--------------------------------------------------------
Telephone number of contact: +44 (0) 20 7031 7321
--------------------------------------------------------
For further information, please refer to the Company's website
at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc
Jason Miles, Chief Executive Officer +44 (0)20 7031 7321
David Scott, Head of Finance
Nominated Adviser
Cenkos Securities plc
Ben Jeynes +44 (0)20 7397 8900
Katy Birkin
Broker
Shore Capital Stockbrokers Limited
Toby Gibbs +44 (0)20 7408 4090
Fiona Conroy
Public & Investor Relations
Vigo Consulting
Patrick D'Ancona
Charlie Neish +44 (0)20 7390 0230
Notes to Editors
QFI is the supplier of MSAR(R) and bioMSAR(TM) emulsion
technology and fuels, low-cost alternatives to heavy fuel oil (one
of the world's largest fuel markets, comprising over 340 million
tons per annum) in the global power generation, shipping,
industrial and refining industries.
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END
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