RE: Tomco rns6 Jan 2021 07:24
6 January 2021
Quadrise Fuels International plc
("Quadrise", "QFI" or "the Company")
Issue of Equity
The Company announces that, following receipt of a notice of exercise in respect of the convertible security issued by the Company on 30 August 2019 (the "Convertible Security") to convert Β£500,000 of the Convertible Security into new ordinary shares in the Company at a conversion price of 1.8p per new ordinary share, the Company has today issued 27,777,778 new ordinary shares (the "New Ordinary Shares"). An amount of Β£500,000 remains outstanding under the Convertible Security.
Application has been made for the New Ordinary Shares, which rank pari passu with the Company's existing ordinary shares, to be admitted to trading on AIM ("Admission"). Admission of the New Ordinary Shares is expected at 8.00 a.m. on 11 January 2021.
On Admission, the Company will have 1,105,207,964 Ordinary Shares in issue with each Ordinary Share carrying the right to one vote. No Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 1,105,207,964 and this figure 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 a change to their interest in, the Company in accordance with the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.