REG - Quadrise PLC - Extension of Open Offer Closing Date

QuadriseAnnouncement

22/03/2024 15:15

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RNS Number : 0234I  Quadrise PLC  22 March 2024

NEITHER THIS ANNOUNCEMENT NOR ANY PART OF IT CONSTITUTES AN OFFER TO SELL OR
ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY
SECURITIES IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD
BE UNLAWFUL AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN, THE REPUBLIC OF IRELAND, SOUTH AFRICA OR ANY JURISDICTION IN
WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

THE INFORMATION COMMUNICATED WITHIN THIS ANNOUNCEMENT WAS DEEMED TO CONSTITUTE
INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO.
596/2014 PRIOR TO ITS PUBLICATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT,
THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

22 March 2024

 

Quadrise plc

(the "Company" and together with its subsidiaries the "Group" or "Quadrise")

 

Extension of Open Offer Closing Date

 

Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a
cleaner planet,  announces that, pursuant to Part II, paragraph 11 of the
Circular posted to shareholders on 19 March 2024  (the "Circular"), it will
extend the latest time and date for receipt of completed Application Forms and
payment in full under the Open Offer, or settlement of the relevant CREST
instructions (as appropriate) from 11.00 a.m. on 5 April 2024 to 11.00 a.m. on
12 April 2024.

 

The decision by the Company to extend the Open Offer follows feedback from
shareholders who have indicated a preference to have an extended period of
time following the start of the new tax year on 5 April 2024 to submit a
completed Application Form and make payment in full under the Open Offer, or
settlement of the relevant CREST instructions (as appropriate).

 

The revised timetable of principal events is detailed below. The change in
timetable does not impact applications already made, which continue to have
effect and remain binding. Existing Application Forms can be used in
accordance with the revised timetable set out below.

 

Capitalised terms in this announcement are as defined in the circular posted
to shareholders on 19 March 2024.

 

REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 

 Recommended latest time for requesting withdrawal of Open Offer                 4.30 p.m. on 4 April 2024

 Entitlements and Excess CREST Open Offer Entitlements from

CREST

 Latest time for depositing Open Offer Entitlements and Excess                   3.00 p.m. on 9 April 2024

 CREST Open Offer Entitlements into CREST

 Latest time for splitting Application Forms (to satisfy bona fide market        3.00 p.m. on 10 April 2024

 claims only)

 Latest time and date for receipt of completed Application Forms and payment in  11.00 a.m. on 12 April 2024
 full under the Open Offer and settlement of relevant CREST instructions (as
 appropriate)

 Expected date of announcement of the results of the Open Offer                  12 April 2024

 Share certificates dispatched for the Subscription Shares to be held in         15 April 2024
 certificated form by

 Second Admission effective and dealings in the Open Offer Shares commence on    8.00 a.m. on 16 April 2024
 AIM

 CREST accounts credited in respect of Open Offer Shares                         16 April 2024

 Share certificates dispatched for the Open Offer Shares to be held in           25 April 2024
 certificated form by

The dates and timing of the events in the above timetable are indicative only
and may be subject to change at the absolute discretion of the Company. If any
of the details contained in the timetable above should change, the revised
times and dates will be notified by means of an announcement through a
Regulatory Information Service. All references are to London time unless
stated otherwise.

 

For further information contact:

 

 Quadrise Plc                                        +44 (0)20 7031 7321

 Andy Morrison, Chairman

 Jason Miles, Chief Executive Officer

 Nominated Adviser                                   +44 (0)20 7220 0500

 Cavendish Capital Markets Limited

 Ben Jeynes

 Katy Birkin

 George Lawson

 Joint Brokers

 Shore Capital Stockbrokers Limited

 Toby Gibbs, Rachel Goldstein (Corporate Advisory)   +44 (0)20 7408 4090

 Fiona Conroy (Corporate Broking)

 VSA Capital Limited                                 +44 (0)20 3005 5000

 Andrew Raca (Corporate Finance)

 Andrew Monk (Corporate Broking)

 Public & Investor Relations                         +44 (0)20 7390 0230

 Vigo Consulting

 Patrick D'Ancona

 Finlay Thomson

 Peter Jacob

 

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