16 June 2022
Quadrise Fuels International plc
("Quadrise," "QFI" or the "Company")
Issue of Warrants
On 13 June 2022, the Company announced that it had signed a new Material Transfer & Cooperation Agreement (the "Agreement") with its client in Morocco.
As a result, and pursuant to the Morocco Representation Agreement (as amended) between the Company and Younes Maamar (the "Consultant"), the Company has now issued 3 million warrants to subscribe for new ordinary shares in the Company to the Consultant (the "Warrants"). The Warrants are exercisable at any time until 5 March 2023 at a price of 1.797 pence per new ordinary share.
For further information, please refer to the Company's website at www.quadrisefuels.com or contact:
| Quadrise Fuels International Plc | |
| Andy Morrison, Chairman Jason Miles, Chief Executive Officer | +44 (0)20 7031 7321 |
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| Nominated Adviser | |
| Cenkos Securities plc | |
| Ben Jeynes | +44 (0)20 7397 8900 |
| Katy Birkin | |
| Broker Shore Capital Stockbrokers Limited | |
| Toby Gibbs | +44 (0)20 7408 4090 |
| Fiona Conroy | |
| Public & Investor Relations |
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| Vigo Consulting Patrick D'Ancona Charlie Neish | +44 (0)20 7390 0230 |
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| Notes to Editors
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Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology and fuels, providing innovative lower cost and lower carbon alternatives to fuel oil and biofuels in the global power generation, shipping, industrial and refining industries.
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