Quadrise Share News (QED)

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2.20 0.25 (12.82%)

Bid:

2.00

Ask:

2.19

Spread: 0.19 (9.50%)

Market Cap: £44.14m

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IN BRIEF: Quadrise confirms that name change is now complete

Tue, 28th Mar 2023 13:29

Quadrise PLC - London-based innovator & licensor of residual oil technology, producing a synthetic heavy fuel oil called MSAR, formerly known as Quadrise Fuels International PLC - Says new company name "Quadrise PLC" has now been formally registered at Companies House. The change of name took effect on Tuesday. The company's ticker has also changed to 'QED' from 'QFI'.

"Shareholders will be unaffected by the change of name and existing share certificates will continue to be valid and should be retained," Quadrise says.

The name change was first announced on March 13. At the time, Quadrise said the new name is part of the company's initiative to "emphasise Quadrise's position in the energy decarbonisation space amongst customers and investors and to acknowledge the material contribution that the company's technology solutions can make to reducing carbon intensity in marine, power and industrial applications."

Current stock price: 1.55 pence

12-month change: up 2.4%

By Sophie Rose, Alliance News reporter

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