1 Apr 2015 13:52
1 April 2015
Quadrise Fuels International PLC
("QFI", "Quadrise" or the "Company")
Holdings in Company
Quadrise, the emerging supplier of MSAR®, a low cost alternative to heavy fuel oil in the shipping, refining, and power generation markets, has today been informed that an employee of the Company has today exercised options over 4,000,000 QFI ordinary shares of 1p each (the "Option Shares"), granted to him by International Energy Group AG ("IEG"). The Option Shares have an exercise price of 1 penny each.
Quadrise RNS notifications of 4th December 2007 and 20th November 2008 set out the circumstances in which IEG granted options over its shareholding in QFI to senior executives of the Company.
The exercise of the 4,000,000 options has reduced the IEG holding in QFI from 42,943,513 ordinary shares of 1p each to 38,943,513 ordinary shares of 1p each, representing 4.81 per cent of the Company's current issued ordinary share capital.
This reduces the number of outstanding options granted by IEG over its holding in Quadrise to 11,000,000.
-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 |