Quadrise (QED)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 3.34p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.58
  • 52 Week Low: 1.35
  • Currency: UK Pounds
  • Shares Issued: 2,006.15m
  • Volume: 500,495
  • Market Cap: £67.01m
  • RiskGrade: 144

Quadrise announces placing results, launches open offer

By Josh White

Date: Friday 07 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Quadrise announced the results of its placing and the launch of an open offer to qualifying shareholders on Friday.
The AIM-traded company said it had raised a total of £1.1m through the placing, which involved the issue of 88 million shares at a price of 1.25p each.

It said the placing's gross proceeds were expected to be supplemented by up to £2.2m through the open offer.

The open offer will allow qualifying shareholders to subscribe to a total of 175,863,121 new shares at the same price of 1.25p apiece.

Quadrise said the allocation would be based on a ratio of one open offer share for every eight existing shares held on the record date.

Qualifying shareholders who take up their basic entitlements in full would also have the opportunity to apply for additional open offer shares through the excess application facility.

"The placing shares and the open offer shares will, when issued, be credited as fully paid and will rank pari passu in all respects with each other and with the existing ordinary shares," the board said in its statement.

"Application has been made to the London Stock Exchange for the placing shares and open offer shares to be admitted to trading on AIM."

At 1323 BST, shares in Quadrise were down 32.81% at 1.28p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Quadrise Market Data

Currency UK Pounds
Share Price 3.34p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.58
52 Week Low 1.35
Volume 500,495
Shares Issued 2,006.15m
Market Cap £67.01m
RiskGrade 144

Quadrise Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.4% below the market average57.4% below the market average57.4% below the market average57.4% below the market average57.4% below the market average
40.85% below the sector average40.85% below the sector average40.85% below the sector average40.85% below the sector average40.85% below the sector average
Price Trend
53.75% above the market average53.75% above the market average53.75% above the market average53.75% above the market average53.75% above the market average
64.38% above the sector average64.38% above the sector average64.38% above the sector average64.38% above the sector average64.38% above the sector average
Income Not Available
Growth Not Available

Quadrise Dividends

No dividends found

Trades for 28-Aug-2025

Time Volume / Share Price
15:09 200,000 @ 3.40p
14:09 4,623 @ 3.40p
13:48 9,173 @ 3.40p
12:25 28,230 @ 3.50p
11:59 636 @ 3.31p

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