Business
Issue of Options and Director Dealing
Quadrise PLC announced the grant of 45,625,000 share options to CEO Peter Borup. These options are for new ordinary shares of 1p each. The grant includes 40,000,000 sign-on options, vesting in two equal installments on the first and second anniversary of the grant. The exercise price for these options is 5p. Additionally, 5,625,000 performance share options were awarded, also with an exercise price of 5p, subject to specific performance conditions. Following this grant, the company has a total of 111,876,206 options in issue, representing approximately 5.58% of the company's current issued ordinary share capital. The options were awarded on October 24, 2025. Disclaimer*
About this update from Quadrise Plc
27 October 2025 Quadrise plc (the "Company" and together with its subsidiaries the "Group" or "Quadrise") Issue of Share Options and Director/PDMR Dealing 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 the grant of an aggregate of 45,625,000 options to subscribe for new ordinary shares of 1p each in the Company (the "Options") to Peter Borup, Chief Executive Officer in accordance with the Company's Unapproved Share Option Plan 2016 ("2016 Plan") and the Company's Enterprise Management Incentive Share Option Plan ("EMI Plan"). The 2016 Plan and EMI Plan are designed to enable the Company to recruit, retain and reward key employees of the Group - in doing so aligning their interests with those of the Company's shareholders and enabling the Group to preserve cash resources ahead of the commercialisation of the Company's technology. Sign-on Options The Company has granted a total 40,000,000 Options to Chief Executive Officer, Peter Borup, in accordance with the provisions of the EMI Plan and the 2016 Plan, in the amounts set out below (the "Sign-On Options"). There are no performance conditions to the vesting of the Sign-on Options, which will vest as to 50% on the first anniversary of grant and the remaining 50% shall vest on the second anniversary of the date of grant. The Sign-on Options issued under the EMI Plan will be exercisable from vesting until the tenth anniversary of the date of grant, and those issued under the 2016 plan will be exercisable from vesting until the eighth anniversary of the date of grant. Director Number of Options Plan Exercise price Peter Borup 8,000,000 32,000,000 EMI Plan 2016 Plan 5p Total 40,000,000 - - Performance Options In addition to the Sign-On Options, a total of 5,625,000 performance share options (the "Performance Options") have been awarded to Peter Borup in the amounts set out below. All vestings of the Performance Options are subject to the satisfaction of specific performance conditions prior to the vesting dates. The Performance Options are issued under the 2016 Plan and will be exercisable from vesting until the eighth anniversary of the date of grant. Director/PDMR Number of Options Plan Exercise price Peter Borup 5,625,000 2016 Plan 5p Total share options in issue Following the grant of Options, the Company has a total of 111,876,206 options to subscribe for new ordinary shares in the Company in issue, representing approximately 5.58% of the Company's current issued ordinary share capital. Andrew Morrison, Chairman of Quadrise commented: "This award of share options to Peter at a significant premium to the current share price demonstrates that Peter's incentives are directly linked to the delivery of our strategic objectives and the generation of long-term shareholder value". The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details. For further information please contact: Quadrise Plc +44 (0)20 7031 7321 Andy Morrison, Chairman Peter Borup, Chief Executive Officer Jason Miles, Chief Technology Officer Nominated Adviser Cavendish Capital Markets Limited +44 (0)20 7220 0500 Ben Jeynes Katy Birkin George Lawson Joint Brokers Shore Capital Stockbrokers Limited +44 (0)20 7408 4090 Toby Gibbs, Harry Davies-Ball (Corporate Advisory) Fiona Conroy (Corporate Broking) VSA Capital Limited Andrew Raca (Corporate Finance) Andrew Monk (Corporate Broking) +44 (0)20 3005 5000 Public & Investor Relations Tavistock Communications (Financial PR & IR) Simon Hudson Nick Elwes Ruairi Millar +44 (0) 20 7920 3150 BLUE Communications Limited (Marine & Trade PR) Rhys Thomas Sam Deacon +44 (0)7595 227750 +44 (0)7527 558846 The following notification is intended to satisfy the Company's obligations under Article 19(3) of the Market Abuse Regulation. 1 Details of the person discharging managerial responsibilities/person closely associated a) Name Peter Borup 2 Reason for notification a) Position/Status Chief Executive Officer Initial notification/amendment Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Quadrise plc b) LEI 213800HN2ETG5476U328 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 b) Nature of transaction Awards of options to subscribe for new ordinary shares under the Quadrise Unapproved Share Option Plan 2016 and/or the Quadrise Enterprise Management Incentive Share Option Plan. c) Price(s) and volume(s) Price(s) Volume(s) Nil 45,625,000 d) Aggregated information n/a e) Date of transaction 24 October 2025 f) Place of transaction Outside of a trading venue