REG - Quadrise PLC - Issue of Share Options and Director/PDMR Dealing

QuadriseAnnouncement

13/10/2025 07:00

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RNS Number : 9947C  Quadrise PLC  13 October 2025

13 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 10,520,000 options to
subscribe for new ordinary shares of 1p each in the Company (the "Options") to
directors and employees of the Company in accordance with the Company's
Enterprise Management Incentive Share Option Plan ("EMI Plan").

 

The EMI Plan is 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 whilst enabling the Group to preserve cash
resources ahead of the commercialisation of the Company's technology.

 

Performance Options

 

Of the Options, a total of 10,000,000 performance share options (the
"Performance Options") have been awarded to executives and employees of the
Company, including awards to certain of the Company's directors and PDMRs in
the amounts set out below.

 

The award of Performance Options follows the 2 August 2024 award of 13,880,000
share options which lapsed unvested on the first anniversary of their grant
date due to their specific performance conditions not having been met. The
Performance Options 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.

 

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 EMI plan and will be exercisable from vesting
until the tenth anniversary of the date of grant.

 

 Director/PDMR  Number of Options  Plan      Exercise price
 Jason Miles    3,000,000          EMI Plan  5p
 David Scott    1,600,000          EMI Plan  5p
 Philip Hill    1,500,000          EMI Plan  5p
 Total          6,100,000          -         -

 

Nominal Value Options

 

In addition to the Performance Option award, the Company has also issued a
total of 520,000 nominal value options ("NVOs") to certain of the Company's
employees in lieu of an element of cash remuneration for the financial year
ended 30 June 2025 as part of the Option award. The NVOs have been issued in
accordance with and under the EMI Plan. The NVOs will vest after 12 months
from the date of grant, have no performance conditions and will be exercisable
at a price of 1 pence per new ordinary share from vesting until the tenth
anniversary of the date of grant. No NVOs have been awarded to the Company's
directors or PDMRs.

 

Total share options in issue

 

Following the grant of Options, the Company has a total of 66,251,206 options
to subscribe for new ordinary shares in the Company in issue, representing
approximately 3.30% of the Company's current issued ordinary share capital.

 

Andrew Morrison, Chairman of Quadrise commented:

"The issue of performance options at a significant premium to the current
share price is designed to provide an appropriate incentive to achieve
performance metrics and to deliver shareholder value, whilst the issue of
nominal value options to employees in lieu of cash further strengthens
alignment with shareholders whilst preserving the Company's cash resources."

The notifications below, made in accordance with the requirements of the
Market Abuse Regulation, provide 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 notifications are 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                                                                                    1.    Jason Miles

                                                                                             2.    David Scott

                                                                                             3.    Philip Hill

 2   Reason for notification
 a)  Position/Status                                                                         1     Chief Technical Officer

                                                                                             2.    Chief Financial Officer

                                                                                             3.    Chief Commercial Officer

     Initial notification/amendment                                                  Initial notifications

 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)

                                                                                             1.    Nil                     1.   3,000,000

                                                                                             2.    Nil                     2.    1,600,000

                                                                                             3.    Nil                     3.    1,500,000

 d)  Aggregated information                                                           n/a

 e)  Date of transaction                                                             10 October 2025

 f)  Place of transaction                                                            Outside of a trading venue

d)

Aggregated information

 n/a

 

 

e)

Date of transaction

10 October 2025

 

 

f)

Place of transaction

Outside of a trading venue

 

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