QUADRISE PLC — Capital/Financing Update 2019

Aug 30, 2019

National Storage Mechanism | Additional information

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RNS Number : 7827K

Quadrise Fuels International PLC

30 August 2019

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:

Quadrise Fuels International Plc
Mike Kirk, Executive Chairman	+44 (0)20 7031 7321
Jason Miles, Chief Operating Officer
Nominated Adviser
Cenkos Securities plc
Dr Azhic Basirov	+44 (0)20 7397 8900
Ben Jeynes Katy Birkin
Joint Brokers
Peel Hunt LLP
Richard Crichton	+44 (0)20 7418 8900
David McKeown
Stockdale Securities
Andy Crossley Daniel Harris	+44 (0)20 7601 6108
Public & Investor Relations
FTI Consulting
Ben Brewerton	+44 (0)20 3727 1000
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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