Director/PDMR Shareholding and Directorate Change

Quadrise

09/01/2026 07:00

RNS Number : 2487O

Quadrise PLC

09 January 2026

 

9 January 2026

 

Quadrise plc

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

 

Director/PDMR Shareholding

 

Directorate Change

 

The Company was notified on 7 January 2026 that Dilip Shah, non-executive director of the Company, sold 1,000,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") on 17 January 2025 at a price of 6.55 pence per Ordinary Share.

 

The Company was also notified on 7 January 2026 that, notwithstanding information provided prior to the Company's announcement of 4 December 2025 (the "Announcement"), Mr. Shah was transferred 35,000,000 Ordinary Shares by Phibatec Limited on 19 August 2024 - and not 34,160,000 Ordinary Shares as notified in the Announcement.

 

As a result of the above transactions, Dilip Shah's interest in the Company's Ordinary Shares notified in the Announcement was incorrect.

 

The Company is seeking confirmation that no further transactions by Mr. Shah have taken place, but based on information presently available to it understands that Dilip Shah is currently interested in 34,330,000 Ordinary Shares, representing approximately 1.7 per cent. of the Company's issued ordinary share capital.

 

As a result of the late notifications of dealings in Ordinary Shares on 19 August 2024 and 17 January 2025 which occurred in contravention of the Company's Share Dealing Code, Dilip Shah has stepped down from the Board of the Company with immediate effect.

 

The notifications below, made in accordance with the UK 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
Nominated Adviser
Cavendish Capital Markets Limited
+44 (0)20 7220 0500
Ben Jeynes
George Lawson
Joint Brokers
Shore Capital Stockbrokers Limited
+44 (0)20 7408 4090
Toby Gibbs (Corporate Advisory)
Fiona Conroy (Corporate Broking)
VSA Capital Limited
Andrew Raca (Corporate Finance)
Andrew Monk (Corporate Broking)
+44 (0)20 3005 5000
Public & Investor Relations
Tavistock Communications(Financial PR & IR)
Simon Hudson
Nick Elwes
Saskia Sizen
+44 (0) 20 7920 3150
BLUE Communications Limited(Marine & Trade PR)
Rhys Thomas
Sam Deacon
+44 (0)7595 227750
+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

 

Follow us on social media:

LinkedIn: @Quadrise Plc

X: @QuadrisePlc

 

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dilip Shah
2
Reason for notification
a)
Position/Status
Non-Executive Director
Initial notification/amendment
Amendment
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 code
Ordinary shares of 1 pence each
ISIN: GB00B11DDB67
b)
Nature of transaction
Transfer of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
35,000,000
d)
Aggregated information
n/a
e)
Date of transaction
19 August 2024
f)
Place of transaction
Outside of a trading venue

 

 

1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dilip Shah
2
Reason for notification
a)
Position/Status
Non-Executive Director
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 code
Ordinary shares of 1 pence each
ISIN: GB00B11DDB67
b)
Nature of transaction
Sale of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
6.55 pence
1,000,000
d)
Aggregated information
n/a
e)
Date of transaction
17 January 2025
f)
Place of transaction
AIMX

 

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