Member Info for Hotfinance14

Quadrise Plc

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

Increase of Retail Offer

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce that, further to the announcement made on 24 January 2025 regarding the proposed Retail Offer (the "Retail Offer Announcement"), the Retail Offer is significantly oversubscribed and therefore the Company is increasing the number of Retail Offer Shares made available at the Issue Price to 66,666,666 which if fully subscribed would raise gross proceeds of up to £2 million, being the maximum aggregate total for the Retail Offer under the terms of the Retail Offer.

A separate announcement was released by the Company on 24 January 2025 which sets out the terms of the Retail Offer. The net proceeds of the Retail Offer will be utilised for product and business development, equipment purchases and to strengthen the Company's balance sheet.

The new Ordinary Shares to be issued in the Retail Offer, together with the Placing Shares and the Subscription Shares will be issued and allotted under the Company's existing allotment and dis-application of pre-emption rights authorities obtained at the Company's last annual general meeting held on 22 November 2024.

The Retail Offer is not part of the Placing or the Subscription. Completion of the Retail Offer is conditional upon, inter alia, completion of the Placing and the Subscription and the Placing Shares, Subscription Shares and the Retail Offer Shares being admitted to trading on AIM operated by the London Stock Exchange. Completion of the Placing and the Subscription is not conditional on the completion of the Retail Offer.

Application will be made to the London Stock Exchange for the Retail Offer Shares to be admitted to trading on AIM ("Second Admission"). It is anticipated that Second Admission will become effective and that dealings in the Retail Offer Shares will commence on AIM at 8.00 a.m. on 3 February 2025 or such later time and/or date as Shore, VSA, Cavendish and the Company agree (being in any event no later than 8.00 a.m. on 28 February 2025).

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

Good spot Dustof so it was answered. I did a search for Morocco on the Q&A page and it did not bring that question up. I am glad they have anwered it but still frustrated by the delay.

Very disappointing that the Morocco trial is further delayed further into H1.iam aware a questions was sent stating 'Is it fair to say OCP are in no urgency to start the 30 day trial ?' This question was ignored.

'What percentage of the investors do we think are unable to buy in the retail offer?'

I would guestimate this at 20%.

It would be nice if Tony buys some shares in Quadrise shortly after his official appointment.

'I already have a very big pizza the action'

It was never going to be a small pizza after seeing your portrait ol boy

There will be no RNS regarding the revenue received from Valkor this month.

He will be part time and I would estimate a salary of £40k.

'Am I counting right, or does QED have more directors now than people actually doing the work?

You are incorrect.

We were infomed today the MSC trial is expected to start early Q2. Does anybody know if the MSC Leandra is due in Antwerp early April ?

The good news is regardoing Valkor JM stated they expect to receive the samples early next month. I think I heard him orrectly state that..

'Seem to me that MSC is on schedule which will be brilliant if this happens'

It was planned for Q1 and is now Q2.

Vince...There is a question regarding OCP and their lack of urgency to complete the trial. This should answer your post.

Crownos...My questions are about the three main projects so i am sure they will be covered.

SC is the most over optimistic person I have ever come across. When we see the postman at the door we expect to receive leeters where SC will expect the postman to give him 6 cream cakes all with a cherry on the top.

SC...the SP has no chanc eof getting back to 8p until wer have progress in the projects.

We still need to start all 3 trials at Morocco,MSC and Utah. Once these start the SP should head north.

So some posters think the SP will go up todayt. Good lord.

Great post Wonga. Your timelines have been the most accurate on here.

'If it's fully funded to 30 June 2026 by the morning with all the projects in play and MSC trial a matter of weeks away,'

Gribbler you may want to change 'weeks' to ,months'