Quadrise Plc (LON: QED), the supplier of innovative energy solutions for a cleaner planet, has announced the successful results of the Placing and Subscription announced on 23 January 2025.
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.
