THIS
ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND
IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED
STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.
THIS
ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF
ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON
MARKET ABUSE ("UK MAR"), AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018.
24 January 2025
Quadrise
plc
(the
"Company" and together with
its subsidiaries the "Group" or "Quadrise")
Results of Placing and
Subscription
Quadrise Plc (AIM: QED), the
supplier of innovative energy solutions for a cleaner planet, is
pleased to announce the successful results of the Placing and
Subscription announced on 23 January 2025 (the "Launch
Announcement").
The Company has conditionally raised
£4.50 million pursuant to
the upsized and
oversubscribed Placing of
150,000,000 Placing Shares and £0.03
million through a direct subscription by certain Directors of the
Company for 1,000,000 Subscription Shares, in each case at the Issue Price of
3 pence per new Ordinary
Share.
The gross proceeds of the Placing
and Subscription are expected to be supplemented by additional
gross proceeds of up to £1 million to be raised pursuant to the
Retail Offer at the Issue Price, although the amount to be raised
pursuant to the Retail Offer may be appropriately increased with
additional demand.
The Placing Shares and the
Subscription Shares will be issued and allotted under the Company's
existing authorities obtained at the Company's last annual general
meeting held on 22 November 2024.
A separate announcement will be made
shortly by the Company in relation to the Retail Offer and with its
terms. For the avoidance of doubt, the Retail Offer is not part of
the Placing and the Subscription.
Director/PDMR Placing and Subscription
participation
The following Directors and PDMRs of the
Company have participated in the Placing and Subscription as
follows:
|
Director/PDMR
|
Number of Existing Ordinary
Shares
|
Number of Placing Shares
subscribed for
|
Number of Subscription
Shares subscribed for
|
Number of Ordinary Shares
held on First Admission
|
|
Andy Morrison
|
4,100,000
|
500,000
|
-
|
4,600,000
|
|
Jason Miles
|
5,594,236
|
500,000
|
-
|
6,094,236
|
|
Laurie Mutch
|
912,789
|
-
|
166,667
|
1,079,456
|
|
Vicky Boiten-Lee
|
800,000
|
-
|
833,333
|
1,633,333
|
|
Phil Hill
|
200,464
|
116,666
|
-
|
317,130
|
The notifications below, made in accordance
with the requirements of the Market Abuse Regulation (EU) No.
596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 and as modified by or under
the European Union (Withdrawal) Act 2018 or other domestic law,
provide further detail.
Admission and dealings
Application will be made to the
London Stock Exchange for the Placing Shares and the Subscription
Shares to be admitted to trading on AIM ("First Admission"). A separate
application will be made for the Retail Offer Shares to be admitted
to trading on AIM following the closing of the Retail Offer
("Second
Admission").
First Admission is expected to take
place on or around 8.00 a.m. on 31 January 2025 (or such later date
as may be agreed between the Bookrunners, Cavendish and the Company
being no later than 8.00 a.m. GMT on 28 February
2025).
The Placing Shares and the
Subscription Shares will be in registered form and will be capable
of being held in either certificated or uncertificated form (i.e.
in CREST). Accordingly, following First Admission, settlement of
transactions in the Placing Shares and the Subscription Shares may
take place within the CREST system.
Unless otherwise defined herein,
capitalised terms used in this announcement have the meanings given
to them in the Launch Announcement.
For further information contact:
|
Quadrise Plc
|
+44 (0)20
7031 7321
|
|
Andy Morrison, Chairman
Jason Miles, Chief Executive
Officer
|
|
|
|
|
|
Cavendish Capital Markets Limited - Nominated
Adviser
|
+44 (0)20
7220 0500
|
|
Ben Jeynes
Katy Birkin
George Lawson
|
|
|
|
|
|
Shore Capital Stockbrokers Limited - Bookrunner & Joint
Broker
|
+44 (0)20
7408 4090
|
|
Toby Gibbs, Harry Davies-Ball
(Corporate Advisory)
Fiona Conroy (Corporate
Broking)
|
|
|
|
|
|
VSA
Capital Limited
Andrew Raca, Brian Wong (Corporate
Finance)
Andrew Monk (Corporate
broking)
|
+44 (0)20
3005 5000
|
|
|
|
|
Cutbill Jacoby - Public & Investor
Relations
Andy Cutbill
Frankie Dundon
|
+44
(0)7841 576000
|
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
|
1.
Andy Morrison
2.
Jason Miles
3.
Laurie Mutch
4.
Vicky Boiten-Lee
5.
Phil Hill
|
|
2
|
Reason for
notification
|
|
|
a)
|
Position/Status
|
1.
Non-Executive Chairman
2.
Chief Executive Officer
3.
Non-Executive Director
4.
Non-Executive Director
5.
Chief Operating Officer
|
|
b)
|
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: GB00BM9CLS53
|
|
b)
|
Nature of transaction
|
Subscription for Placing
Shares or Subscription Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.03
£0.03
£0.03
£0.03
£0.03
|
500,000
500,000
166,667
833,333
116,666
|
|
|
|
|
|
d)
|
Aggregated information
|
n/a
|
|
e)
|
Date of transaction
|
31 January 2025
|
|
f)
|
Place of transaction
|
Outside of a trading
venue
|
