Quadrise Plc (LON:QED), the supplier of innovative energy solutions for a cleaner planet, has announced that, further to the announcements made on 24 January 2025 regarding the proposed Retail Offer and the announcement made yesterday regarding the increased size of the Retail Offer to up to £2 million, the Retail Offer closed at 4.30 pm yesterday and was significantly oversubscribed.
The Retail Offer was oversubscribed and therefore allocations were made to existing shareholders, applying the principles of soft pre-emption. Existing Shareholders received 100 per cent. of their soft pre-emptive allowance when their order matched or exceeded their soft pre-emptive allowance. Given the level of demand, where the order was greater than the soft pre-emptive allowance shareholders received approximately c.0.35 per cent. of their additional demand1.
