REG - Quadrise PLC - Result of Placing and Subscription

QuadriseAnnouncement

24/01/2025 07:00

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RNS Number : 5499U  Quadrise PLC  24 January 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN,
SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE ("UK MAR"), AS
IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL)
ACT 2018.

 

24 January 2025

 

Quadrise plc

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

 

Results of Placing and Subscription

 

Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a
cleaner planet, is pleased to announce the successful results of the Placing
and Subscription announced on 23 January 2025 (the "Launch Announcement").

 

The Company has conditionally raised £4.50 million pursuant to the upsized
and oversubscribed Placing of 150,000,000 Placing Shares and £0.03 million
through a direct subscription by certain Directors of the Company for
1,000,000 Subscription Shares, in each case at the Issue Price of 3 pence per
new Ordinary Share.

 

The gross proceeds of the Placing and Subscription are expected to be
supplemented by additional gross proceeds of up to £1 million to be raised
pursuant to the Retail Offer at the Issue Price, although the amount to be
raised pursuant to the Retail Offer may be appropriately increased with
additional demand.

 

The Placing Shares and the Subscription Shares will be issued and allotted
under the Company's existing authorities obtained at the Company's last annual
general meeting held on 22 November 2024.

 

A separate announcement will be made shortly by the Company in relation to the
Retail Offer and with its terms. For the avoidance of doubt, the Retail Offer
is not part of the Placing and the Subscription.

 

Director/PDMR Placing and Subscription participation

 

The following Directors and PDMRs of the Company have participated in the
Placing and Subscription as follows:

 

 Director/PDMR     Number of Existing Ordinary Shares  Number of Placing Shares subscribed for  Number of Subscription  Shares subscribed for   Number of Ordinary Shares held on First Admission
 Andy Morrison     4,100,000                           500,000                                  -                                               4,600,000
 Jason Miles       5,594,236                           500,000                                  -                                               6,094,236
 Laurie Mutch      912,789                             -                                        166,667                                         1,079,456
 Vicky Boiten-Lee  800,000                             -                                        833,333                                         1,633,333
 Phil Hill         200,464                             116,666                                  -                                               317,130

 

 

The notifications below, made in accordance with the requirements of the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 and as modified by or
under the European Union (Withdrawal) Act 2018 or other domestic law, provide
further detail.

Admission and dealings

 

Application will be made to the London Stock Exchange for the Placing Shares
and the Subscription Shares to be admitted to trading on AIM ("First
Admission"). A separate application will be made for the Retail Offer Shares
to be admitted to trading on AIM following the closing of the Retail Offer
("Second Admission").

 

First Admission is expected to take place on or around 8.00 a.m. on 31 January
2025 (or such later date as may be agreed between the Bookrunners, Cavendish
and the Company being no later than 8.00 a.m. GMT on 28 February 2025).

 

The Placing Shares and the Subscription Shares will be in registered form and
will be capable of being held in either certificated or uncertificated form
(i.e. in CREST). Accordingly, following First Admission, settlement of
transactions in the Placing Shares and the Subscription Shares may take place
within the CREST system.

 

Unless otherwise defined herein, capitalised terms used in this announcement
have the meanings given to them in the Launch Announcement.

 

For further information contact:

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

 Jason Miles, Chief Executive Officer

 Cavendish Capital Markets Limited - Nominated Adviser               +44 (0)20 7220 0500
 Ben Jeynes

 Katy Birkin

 George Lawson

 Shore Capital Stockbrokers Limited - Bookrunner & Joint Broker      +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, Brian Wong (Corporate Finance)

 Andrew Monk (Corporate broking)

 Cutbill Jacoby - Public & Investor Relations                        +44 (0)7841 576000

 Andy Cutbill

 Frankie Dundon

 

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                                                                            1.    Andy Morrison

                                                                                     2.    Jason Miles

                                                                                     3.    Laurie Mutch

                                                                                     4.    Vicky Boiten-Lee

                                                                                     5.    Phil Hill

 2   Reason for notification
 a)  Position/Status                                                                 1.    Non-Executive Chairman

                                                                                     2.    Chief Executive Officer

                                                                                     3.    Non-Executive Director

                                                                                     4.    Non-Executive Director

                                                                                     5.    Chief Operating Officer

 b)  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: GB00BM9CLS53

 b)  Nature of transaction                                                           Subscription for Placing Shares or Subscription Shares

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

                                                                                     £0.03       500,000

                                                                                     £0.03       500,000

                                                                                     £0.03       166,667

                                                                                     £0.03       833,333

                                                                                     £0.03       116,666

 d)  Aggregated information                                                           n/a

 e)  Date of transaction                                                             31 January 2025

 f)  Place of transaction                                                            Outside of a trading venue

d)

Aggregated information

 n/a

 

 

e)

Date of transaction

31 January 2025

 

 

f)

Place of transaction

Outside of a trading venue

 

 

 

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