Change of Shareholding

RNS Number : 1196F

Quadrise Fuels International PLC

17 April 2014

 



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
Ian Williams, Executive Chairman	[phone]
Hemant Thanawala, Finance Director
Nominated Adviser
Smith & Williamson Corporate Finance Limited
Dr Azhic Basirov	[phone]
Siobhan Sergeant
Ben Jeynes
Broker
Peel Hunt LLP
Richard Crichton	[phone]
Ross Allister
Alastair Rae
Public & Investor Relations
Pelham Bell Pottinger
Philip Dennis	[phone]
Rollo Crichton-Stuart

 

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