REG - Quadrise PLC - Exercise of Options and Total Voting Rights

QuadriseAnnouncement

04/07/2025 12:00

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RNS Number : 8394P  Quadrise PLC  04 July 2025

4 July 2025

 

Quadrise plc

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

 

Exercise of Options and Total Voting Rights

 

 

Quadrise plc (AIM: QED), the technology company focused on the decarbonisation
of shipping and heavy industry through deployment of low emission fuels and
biofuels, announces exercises of an aggregate of 15,858,604 options under the
Employee Share Option Scheme ("EMI Scheme") and the Company's Unapproved Share
Option Scheme 2016 ("USOP Scheme") at an exercise price of 1 pence per share.

 

As a result, the Company has made application for 15,858,604 new ordinary
shares in the Company (the "New Ordinary Shares") to be admitted to trading on
AIM.  The New Ordinary Shares will rank pari-passu with existing ordinary
shares and it is expected that admission will occur at 8.00 a.m. on 10 July
2025 ("Admission").

 

Options exercised by Persons Discharging Management Responsibility are as
follows:

 

 Name         Option Scheme  Number of Options Exercised  Number of Ordinary Shares held upon Admission
 Jason Miles  USOP Scheme    1,775,862                    14,536,765

              EMI Scheme     6,666,667
 Philip Hill  EMI Scheme     3,546,099                    3,884,462

 

Jason Miles has informed the Company that, following his exercise under the
USOP scheme,  he intends to dispose of all 1,775,862 of these ordinary
shares. In addition, exercises made by Jason Miles and Philip Hill under the
EMI scheme will see Messrs Miles and Hill disposing of sufficient ordinary
shares to meet the exercise cost and income tax and national insurance
obligations as a result of the EMI Scheme option exercises.

 

Further announcement(s) will be made, as appropriate, in connection with the
orderly sales of ordinary shares described above.

 

Following Admission, the Company's issued ordinary share capital will comprise
2,006,154,069 ordinary shares, none of which are held in treasury. Therefore,
the total number of ordinary shares with voting rights in the Company
following admission will be 2,006,154,069. This figure may be used by
shareholders as the denominator for the calculations by which they will
determine if they are required to notify their interest in, or a change to
their interest in the Group under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.

 

For further information please contact:

 

 Quadrise Plc                                            +44 (0)20 7031 7321
 Andy Morrison, Chairman

 Jason Miles, Chief Technology Officer

 Nominated Adviser

 Cavendish Capital Markets Limited                       +44 (0)20 7220 0500
 Ben Jeynes
 Katy Birkin

 George Lawson

 Joint Brokers

 Shore Capital Stockbrokers Limited                      +44 (0)20 7408 4090
 Toby Gibbs, Harry Davies-Ball (Corporate Advisory)
 Fiona Conroy (Corporate Broking)

 VSA Capital Limited                                     +44 (0)20 3005 5000

 Andrew Raca (Corporate Finance)

 Andrew Monk (Corporate Broking)

 Public & Investor Relations

 Tavistock Communications (Financial PR & IR)            +44 (0) 20 7920 3150

 Simon Hudson

 Nick Elwes

 Ruairi Millar

  BLUE Communications Limited (Marine & Trade PR)

  Rhys Thomas                                            +44 (0)7595 227750

  Sam Deacon                                             +44 (0)7527 558846

 

About Quadrise

Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology, fuels
and biofuels, providing innovative solutions to lower energy costs, pollution
and greenhouse gas emissions today for the global power generation, shipping,
industrial and oil industries.

Learn more at: www.quadrise.com (http://www.quadrise.com/)

 

Follow us on social media:

LinkedIn: @Quadrise Plc
(https://url.avanan.click/v2/___https:/uk.linkedin.com/company/quadrise-international-ltd___.YXAxZTpzaG9yZWNhcDphOm86YzA0NmU2YmUyODVhZGE2Zjk4OWY3M2UwZmJjM2YwMWM6Njo3NjdjOjhhYzQ1NzFmN2ZlMjI3OWQ5YjBjNjBhZGEzZTkwMjlhZjUzOWIzMmE0N2EyOTlkZjQxOTlhOGM2Yjg5MDhkYTE6cDpGOk4)

X: @QuadrisePlc
(https://url.avanan.click/v2/___https:/x.com/QuadrisePlc___.YXAxZTpzaG9yZWNhcDphOm86YzA0NmU2YmUyODVhZGE2Zjk4OWY3M2UwZmJjM2YwMWM6NjphMzJiOjlkNjA5MmRmNjg2OTQxNWE4ZDFhYWIxOWRiZjk5MDAxMjc4Njg0Mjg3YjllZWEwMWQ4OTg2ZmE2ZDdiOTY1ODc6cDpGOk4)

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                            Jason Miles

 2   Reason for notification
 a)  Position/Status                                                                 PDMR (Chief Technology Officer)
     Initial notification/amendment                                                  Initial notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                                            Quadrise 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 financial instrument, type of instrument and identification  Ordinary shares of 1 pence each
     code

                                                                                     ISIN: GB00B11DDB67

 b)  Nature of transaction                                                                           1. Exercise of share options under USOP option
                                                                                     scheme

                                                                                                     2. Exercise of share options under EMI share
                                                                                     option scheme

 c)  Price(s) and volume(s)                                                          Prices         Volume(s)
                                                                                     1. 1.0 pence   1. 1,775,862

                                                                                     2. 1.0 pence   2. 6,666,667

 

 d)  Aggregated information                                                           n/a

 e)  Date of transaction                                                                             2 July 2025

 f)  Place of transaction                                                            Outside of a trading venue

 

 

d)

Aggregated information

 n/a

 

 

e)

Date of transaction

                2 July 2025

 

 

f)

Place of transaction

Outside of a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                            Philip Hill

 2   Reason for notification
 a)  Position/Status                                                                 Chief Commercial Officer
     Initial notification/amendment                                                  Initial notification

 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                                            Quadrise 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 financial instrument, type of instrument and identification  Ordinary shares of 1 pence each
     code

                                                                                     ISIN: GB00B11DDB67

 b)  Nature of transaction                                                                           Exercise of Share Options under EMI Share
                                                                                     option scheme

 c)  Price(s) and volume(s)                                                           Price(s)   Volume(s)
                                                                                     1.0 pence   3,546,099

 

 d)  Aggregated information                                                           n/a

 e)  Date of transaction                                                                             2 July 2025

 f)  Place of transaction                                                            Outside of a trading venue

 

 

d)

Aggregated information

 n/a

 

 

e)

Date of transaction

                2 July 2025

 

 

f)

Place of transaction

Outside of a trading venue

 

 

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