17 April 2014
Quadrise Fuels International plc
("Quadrise" or "the Company)
Change of Shareholding
Quadrise, the emerging supplier of MSAR®, a low cost alternative to heavy fuel oil in the shipping, refining, and power generation markets, announces that it was notified on 15 April 2014 that on 11 April 2014 options over a total of 6,000,000 ordinary shares of 1p each in the Company were exercised at a price of 1p per share.
These options had been granted by International Energy Group AG ("IEG") over its shareholding in the Company and their exercise reduces the IEG holding to 239,659,715 Ordinary Shares as at 16 April 2014 (representing 29.72% of the Company's issued ordinary share capital).
This reduces the number of outstanding options granted by IEG to 16,500,000.
For further information, please refer to the Company's website at www.quadrisefuels.com or contact:
Quadrise Fuels International Plc |
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Ian Williams, Executive Chairman |
+44 (0)20 7031 7321 |
Hemant Thanawala, Finance Director |
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Nominated Adviser |
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Smith & Williamson Corporate Finance Limited |
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Dr Azhic Basirov |
+44 (0)20 7131 4000 |
Siobhan Sergeant |
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Ben Jeynes |
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Broker |
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Peel Hunt LLP |
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Richard Crichton |
+44 (0)20 7418 8900 |
Ross Allister |
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Alastair Rae |
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Public & Investor Relations |
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Pelham Bell Pottinger |
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Philip Dennis |
+44 (0)20 7861 3232 |
Rollo Crichton-Stuart |
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