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Quadrise plc was notified on 7 January 2026 that non-executive director Dilip Shah sold 1,000,000 ordinary shares on 17 January 2025 at 6.55 pence per share. The company was also notified that Shah was transferred 35,000,000 shares by Phibatec Limited on 19 August 2024, correcting a previous notification of 34,160,000 shares. Due to late notification of these dealings, Dilip Shah has stepped down from the Board of Quadrise plc with immediate effect and is now understood to hold 34,330,000 Ordinary Shares, representing 1.7% of the company's issued share capital.
| Date | 9 Jan 2026 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 2487O |
9 January 2026
Quadrise plc
("Quadrise", "QED" or the "Company")
Director/PDMR Shareholding
Directorate Change
The Company was notified on 7 January 2026 that Dilip Shah, non-executive director of the Company, sold 1,000,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") on 17 January 2025 at a price of 6.55 pence per Ordinary Share.
The Company was also notified on 7 January 2026 that, notwithstanding information provided prior to the Company's announcement of 4 December 2025 (the "Announcement"), Mr. Shah was transferred 35,000,000 Ordinary Shares by Phibatec Limited on 19 August 2024 - and not 34,160,000 Ordinary Shares as notified in the Announcement.
As a result of the above transactions, Dilip Shah's interest in the Company's Ordinary Shares notified in the Announcement was incorrect.
The Company is seeking confirmation that no further transactions by Mr. Shah have taken place, but based on information presently available to it understands that Dilip Shah is currently interested in 34,330,000 Ordinary Shares, representing approximately 1.7 per cent. of the Company's issued ordinary share capital.
As a result of the late notifications of dealings in Ordinary Shares on 19 August 2024 and 17 January 2025 which occurred in contravention of the Company's Share Dealing Code, Dilip Shah has stepped down from the Board of the Company with immediate effect.
The notifications below, made in accordance with the UK Market Abuse Regulation, provide further details.
For further information please contact:
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Quadrise Plc |
+44 (0)20 7031 7321 |
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Andy Morrison, Chairman Peter Borup, Chief Executive Officer
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Nominated Adviser Cavendish Capital Markets Limited |
+44 (0)20 7220 0500 |
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Ben Jeynes |
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George Lawson |
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Joint Brokers Shore Capital Stockbrokers Limited |
+44 (0)20 7408 4090 |
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Toby Gibbs (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 Saskia Sizen |
+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
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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 |
Dilip Shah
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2 |
Reason for notification |
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a) |
Position/Status |
Non-Executive Director
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Initial notification/amendment |
Amendment
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
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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 |
Transfer of Ordinary Shares
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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 |
19 August 2024
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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 |
Dilip Shah
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2 |
Reason for notification |
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a) |
Position/Status |
Non-Executive Director
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||||
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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 |
|||||
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a) |
Name |
Quadrise plc
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||||
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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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|||||
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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 |
Sale of Ordinary Shares
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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 |
17 January 2025
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f) |
Place of transaction |
AIMX
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