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Quadrise plc announced on 4 July 2025 the exercise of 15,858,604 share options at 1 pence per share under its EMI and USOP Schemes. As a result, 15,858,604 new ordinary shares are expected to be admitted to AIM on 10 July 2025, bringing the total issued ordinary share capital to 2,006,154,069 shares. Chief Technology Officer Jason Miles exercised 1,775,862 USOP options and 6,666,667 EMI options, and Chief Commercial Officer Philip Hill exercised 3,546,099 EMI options, all on 2 July 2025.
| Date | 4 Jul 2025 |
| Time | 11:50:24 |
| Category | Miscellaneous |
| ID | 8394P |
4 July 2025
Quadrise plc
("Quadrise", "QED" or the "Company")
Exercise of Options and Total Voting Rights
Quadrise plc (AIM: QED), the technology company focused on the decarbonisation of shipping and heavy industry through deployment of low emission fuels and biofuels, announces exercises of an aggregate of 15,858,604 options under the Employee Share Option Scheme ("EMI Scheme") and the Company's Unapproved Share Option Scheme 2016 ("USOP Scheme") at an exercise price of 1 pence per share.
As a result, the Company has made application for 15,858,604 new ordinary shares in the Company (the "New Ordinary Shares") to be admitted to trading on AIM. The New Ordinary Shares will rank pari-passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 10 July 2025 ("Admission").
Options exercised by Persons Discharging Management Responsibility are as follows:
|
Name |
Option Scheme |
Number of Options Exercised |
Number of Ordinary Shares held upon Admission |
|
Jason Miles |
USOP Scheme EMI Scheme |
1,775,862 6,666,667 |
14,536,765 |
|
Philip Hill |
EMI Scheme |
3,546,099 |
3,884,462 |
Jason Miles has informed the Company that, following his exercise under the USOP scheme, he intends to dispose of all 1,775,862 of these ordinary shares. In addition, exercises made by Jason Miles and Philip Hill under the EMI scheme will see Messrs Miles and Hill disposing of sufficient ordinary shares to meet the exercise cost and income tax and national insurance obligations as a result of the EMI Scheme option exercises.
Further announcement(s) will be made, as appropriate, in connection with the orderly sales of ordinary shares described above.
Following Admission, the Company's issued ordinary share capital will comprise 2,006,154,069 ordinary shares, none of which are held in treasury. Therefore, the total number of ordinary shares with voting rights in the Company following admission will be 2,006,154,069. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Group under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For further information please contact:
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Quadrise Plc |
+44 (0)20 7031 7321 |
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Andy Morrison, Chairman Jason Miles, Chief Technology Officer
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Nominated Adviser Cavendish Capital Markets Limited |
+44 (0)20 7220 0500 |
|
Ben Jeynes |
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Katy Birkin George Lawson |
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Joint Brokers Shore Capital Stockbrokers Limited |
+44 (0)20 7408 4090 |
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Toby Gibbs, Harry Davies-Ball (Corporate Advisory) |
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Fiona Conroy (Corporate Broking)
VSA Capital Limited Andrew Raca (Corporate Finance) Andrew Monk (Corporate Broking)
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+44 (0)20 3005 5000 |
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Public & Investor Relations |
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Tavistock Communications (Financial PR & IR) Simon Hudson Nick Elwes Ruairi Millar |
+44 (0) 20 7920 3150 |
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BLUE Communications Limited (Marine & Trade PR) Rhys Thomas Sam Deacon
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+44 (0)7595 227750 +44 (0)7527 558846
|
About Quadrise
Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology, fuels and biofuels, providing innovative solutions to lower energy costs, pollution and greenhouse gas emissions today for the global power generation, shipping, industrial and oil industries.
Learn more at: www.quadrise.com
Follow us on social media:
LinkedIn: @Quadrise Plc
X: @QuadrisePlc
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Jason Miles
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2 |
Reason for notification |
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a) |
Position/Status |
PDMR (Chief Technology Officer) |
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|
Initial notification/amendment |
Initial notification
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
||||||||||
|
a) |
Name |
Quadrise plc
|
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b) |
LEI |
213800HN2ETG5476U328
|
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4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
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|
a) |
Description of the financial instrument, type of instrument and identification code |
Ordinary shares of 1 pence each
ISIN: GB00B11DDB67
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b) |
Nature of transaction |
1. Exercise of share options under USOP option scheme 2. Exercise of share options under EMI share option scheme
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c) |
Price(s) and volume(s) |
|
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|
d) |
Aggregated information |
n/a
|
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|
e) |
Date of transaction |
2 July 2025
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f) |
Place of transaction |
Outside of a trading venue
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1 |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name |
Philip Hill
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2 |
Reason for notification |
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a) |
Position/Status |
Chief Commercial Officer |
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|
Initial notification/amendment |
Initial notification
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||||
|
a) |
Name |
Quadrise plc
|
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|
b) |
LEI |
213800HN2ETG5476U328
|
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|
4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
|||||||
|
a) |
Description of the financial instrument, type of instrument and identification code |
Ordinary shares of 1 pence each
ISIN: GB00B11DDB67
|
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b) |
Nature of transaction |
Exercise of Share Options under EMI Share option scheme
|
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c) |
Price(s) and volume(s) |
|
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d) |
Aggregated information |
n/a
|
||||||
|
e) |
Date of transaction |
2 July 2025
|
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f) |
Place of transaction |
Outside of a trading venue
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