REG - Quadrise PLC - Issue of Options and Director Dealing

QuadriseAnnouncement

Mon 07:00

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RNS Number : 8543E  Quadrise PLC  27 October 2025

27 October 2025

 

Quadrise plc

(the "Company" and together with its subsidiaries the "Group" or "Quadrise")

 

Issue of Share Options and Director/PDMR Dealing

 

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 the grant of an aggregate of 45,625,000 options to
subscribe for new ordinary shares of 1p each in the Company (the "Options") to
Peter Borup, Chief Executive Officer in accordance with the Company's
Unapproved Share Option Plan 2016 ("2016 Plan") and the Company's Enterprise
Management Incentive Share Option Plan ("EMI Plan").

 

The 2016 Plan and EMI Plan are designed to enable the Company to recruit,
retain and reward key employees of the Group - in doing so aligning their
interests with those of the Company's shareholders and enabling the Group to
preserve cash resources ahead of the commercialisation of the Company's
technology.

 

Sign-on Options

 

The Company has granted a total 40,000,000 Options to Chief Executive Officer,
Peter Borup, in accordance with the provisions of the EMI Plan and the 2016
Plan, in the amounts set out below (the "Sign-On Options").

 

There are no performance conditions to the vesting of the Sign-on Options,
which will vest as to 50% on the first anniversary of grant and the remaining
50% shall vest on the second anniversary of the date of grant.

 

The Sign-on Options issued under the EMI Plan will be exercisable from vesting
until the tenth anniversary of the date of grant, and those issued under the
2016 plan will be exercisable from vesting until the eighth anniversary of the
date of grant.

 

 

 Director     Number of Options  Plan        Exercise price
 Peter Borup  8,000,000          EMI Plan    5p

              32,000,000         2016 Plan
 Total        40,000,000         -           -

 

Performance Options

 

In addition to the Sign-On Options, a total of 5,625,000 performance share
options (the "Performance Options") have been awarded to Peter Borup in the
amounts set out below.

 

All vestings of the Performance Options are subject to the satisfaction of
specific performance conditions prior to the vesting dates. The Performance
Options are issued under the 2016 Plan and will be exercisable from vesting
until the eighth anniversary of the date of grant.

 

 

 

 Director/PDMR  Number of Options  Plan       Exercise price
 Peter Borup    5,625,000          2016 Plan  5p

 

Total share options in issue

 

Following the grant of Options, the Company has a total of 111,876,206 options
to subscribe for new ordinary shares in the Company in issue, representing
approximately 5.58% of the Company's current issued ordinary share capital.

 

Andrew Morrison, Chairman of Quadrise commented:

"This award of share options to Peter at a significant premium to the current
share price demonstrates that Peter's incentives are directly linked to the
delivery of our strategic objectives and the generation of long-term
shareholder value".

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further details.

 

For further information please contact:

 

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

 Peter Borup, Chief Executive Officer

 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

The following notification is intended to satisfy the Company's obligations
under Article 19(3) of the Market Abuse Regulation.

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                                            Peter Borup
 2   Reason for notification
 a)  Position/Status                                                                 Chief Executive 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                                                                           Awards of options to subscribe for new ordinary
                                                                                     shares under the Quadrise Unapproved Share Option Plan 2016 and/or the
                                                                                     Quadrise Enterprise Management Incentive Share Option Plan.

 c)  Price(s) and volume(s)                                                           Price(s)          Volume(s)

                                                                                     Nil                45,625,000
 d)  Aggregated information                                                           n/a

 e)  Date of transaction                                                               24 October 2025

 f)  Place of transaction                                                            Outside of a trading venue

d)

Aggregated information

 n/a

 

 

e)

Date of transaction

  24 October 2025

 

 

f)

Place of transaction

Outside of a trading venue

 

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