QED Quadrise Plc

TIDMQFI

RNS Number : 6228D

Quadrise Fuels International PLC

30 January 2015

30 January 2015

Quadrise Fuels International PLC

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

Director's Dealing and Issue of Equity

Quadrise, the emerging supplier of MSAR(R), a low cost alternative to heavy fuel oil in the shipping, refining, and power generation markets, announces that on 29 January 2015, Jason Miles, the Company's Chief Operating Officer, exercised 750,000 share options at a price of 14.23 pence per share. Following the exercise of share options Jason Miles sold 100,000 ordinary shares in the Company ("Ordinary Shares") at a price of 18.00 pence per share on 30 January 2015 to satisfy tax obligations.

Following these transactions Jason Miles holds 2,880,633 Ordinary Shares, representing 0.36 per cent. of the Company's issued ordinary share capital.

Quadrise has applied for the 750,000 Ordinary Shares referred to above to be admitted to trading on AIM and this is expected to become effective on 5 February 2015.

Following the issue of the new ordinary shares, Quadrise will have 809,585,162 ordinary shares in issue and there are no shares held in treasury. This is the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, Quadrise under the Disclosure and Transparency Rules.

-ENDS-

For further information, please refer to the Company's website at www.quadrisefuels.com or contact:

 
 Quadrise Fuels International Plc        +44 (0)20 7031 7321 
 Ian Williams, Executive Chairman 
 Hemant Thanawala, Finance Director 
 Jason Miles, Chief Operating Officer 
 
 Nominated Adviser 
 Smith & Williamson Corporate Finance 
  Limited                                +44 (0)20 7131 4000 
 Dr Azhic Basirov 
 Ben Jeynes 
 
 Broker 
 Peel Hunt LLP                           +44 (0)20 7418 8900 
 Richard Crichton 
 Ross Allister 
 Alastair Rae 
 
 Public & Investor Relations 
 Pelham Bell Pottinger                   +44 (0)20 7861 3232 
 Philip Dennis 
 Rollo Crichton-Stuart 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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