30 August 2019
Quadrise Fuels International plc
("Quadrise", "QFI" or "the Company")
Issue of Convertible Security
Quadrise announces that it has today issued a convertible security with the nominal value of £2,150,000 at the purchase price of £2,000,000 pursuant to, and on and subject to the terms and conditions set out in, the convertible securities issuance deed dated 22 August 2019, the details of which were disclosed to the market on 23 August 2019.
For further information, please refer to the Company's website at www.quadrisefuels.com or contact:
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Quadrise Fuels International Plc |
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Mike Kirk, Executive Chairman |
+44 (0)20 7031 7321 |
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Jason Miles, Chief Operating Officer |
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Nominated Adviser |
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Cenkos Securities plc |
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Dr Azhic Basirov |
+44 (0)20 7397 8900 |
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Ben Jeynes Katy Birkin |
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Joint Brokers |
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Peel Hunt LLP |
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Richard Crichton |
+44 (0)20 7418 8900 |
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David McKeown |
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Stockdale Securities |
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Andy Crossley Daniel Harris |
+44 (0)20 7601 6108 |
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Public & Investor Relations |
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FTI Consulting |
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Ben Brewerton |
+44 (0)20 3727 1000 |
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Ntobeko Chidavaenzi |
Notes to Editors
QFI is the supplier of MSAR® emulsion technology and fuels, a low-cost alternative to heavy fuel oil (one of the world's largest fuel markets, comprising over 450 million tons per annum) in the global shipping, refining and steam and power generation industries.
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