Director/PDMR Shareholding

RNS Number : 1289V
Quadrise Fuels International PLC
25 January 2017
 

25 January 2017

 

Quadrise Fuels International plc

("Quadrise" or the "Company")

 

Director/PDMR Shareholder

 

Quadrise Fuels International plc (AIM: QFI), is the emerging supplier of MSAR® emulsion technology and fuel, enabling a low-cost alternative to heavy fuel oil (one of the world's largest fuel markets, comprising over 450 million tonnes per annum) in the global shipping, refining, power generation markets.

 

The Company has been notified that Hemant Thanawala, the Company's Finance Director, has today transferred 2,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") to his adult son for nil consideration.

 

As a result, Mr. Thanawala is now interested in 29,039,579 Ordinary Shares, representing 3.37 per cent. of the Company's issued ordinary share capital.

 

The notification below, made in accordance with the requirements of the Market Abuse Regulation, provides further detail.

 

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Hemant Thanawala

2

Reason for the notification

a)

Position/status

PDMR (Director)

b)

Initial notification/Amendment

Initial Notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Quadrise Fuels International plc

b)

LEI

-

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

Ordinary shares of 1p each

 

Identification code

GB00B11DDB67

b)

Nature of the transaction

Disposal of ordinary shares

c)

Price(s) and volumes(s)

Price(s)

Volume(s)

£0.00

2,000,000

d)

Aggregated information

N/A (single transaction)

 

Aggregated volume

-

 

Price

-

e)

Date of the transaction

25 January 2017

f)

Place of the transaction

Outside of a trading venue

 

 

 

For further information, please refer to the Company's website at www.quadrisefuels.com or contact:

 

 

Quadrise Fuels International plc             

Mike Kirk, Executive Chairman

Hemant Thanawala , Finance Director

Jason Miles, Chief Operating Officer

+44 (0)20 7031 7321

 

 

Nominated Adviser

Smith & Williamson Corporate Finance Limited              

Dr Azhic Basirov

Ben Jeynes

+44 (0)20 7131 4000        

 

 

Broker

Peel Hunt LLP

Richard Crichton             

Ross Allister

Chris Burrows

+44 (0)20 7418 8900

 

 

Public & Investor Relations

FTI Consulting

Ben Brewerton

Sara Powell

+44 (0)20 3727 1065

 

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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