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LONDON - Quadrise PLC (AIM:QED), a provider of alternative energy solutions, has announced plans to raise a minimum of £3 million through a combination of a placing and subscription of new ordinary shares. The shares will be offered at 3 pence each, with the possibility for retail investors to participate in a separate retail offer aimed at raising up to an additional £1 million.
The company's fundraise includes an accelerated bookbuild that commenced immediately following the announcement. The terms and conditions of the placing are detailed in an appendix to the announcement. Shore Capital Stockbrokers Limited and VSA Capital Limited are serving as joint bookrunners, while Shore Capital will also coordinate the retail offer. Cavendish Capital Markets Limited is acting as the nominated adviser to Quadrise.
Existing shareholders will have the opportunity to partake in the retail offer, which is not included in the placing and subscription. The new ordinary shares will be issued under the company's existing authority, granted at the last annual general meeting on November 22, 2024.
This announcement is made for informational purposes and is not an offer to sell or a solicitation to buy shares. The securities mentioned are not registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.
It is important to note that this information is based on a press release statement and should be considered as inside information under EU Regulation 596/2014 as it is part of UK domestic law post-Brexit. With the publication of this announcement, the information is now in the public domain.
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