Quadrise Plc Announces Exercise of Share Options
Why we think this is neutral
The RNS announcement details the exercise of share options by company executives, which is a routine corporate action and does not contain any significant news that would impact the company's performance or outlook.
Key Points
- Executives exercised share options
- 15,858,604 new ordinary shares to be issued
- Shares will rank pari-passu with existing ordinary shares
Summary
The technology company has announced the exercise of share options by its executives.
Quadrise plc (AIM: QED), the technology company focused on the decarbonisation of shipping and heavy industry, has announced the exercise of an aggregate of 15,858,604 options under the Employee Share Option Scheme and the Company's Unapproved Share Option Scheme 2016. As a result, the Company will issue 15,858,604 new ordinary shares, which will rank pari-passu with existing ordinary shares.
GENERAL UPDATE