Extension of Open Offer Closing Date
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Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, announces that, pursuant to Part II, paragraph 11 of the Circular posted to shareholders on 19 March 2024 (the "Circular"), it will extend the latest time and date for receipt of completed Application Forms and payment in full under the Open Offer, or settlement of the relevant CREST instructions (as appropriate) from 11.00 a.m. on 5 April 2024 to 11.00 a.m. on 12 April 2024.
The decision by the Company to extend the Open Offer follows feedback from shareholders who have indicated a preference to have an extended period of time following the start of the new tax year on 5 April 2024 to submit a completed Application Form and make payment in full under the Open Offer, or settlement of the relevant CREST instructions (as appropriate).
The revised timetable of principal events is detailed below. The change in timetable does not impact applications already made, which continue to have effect and remain binding. Existing Application Forms can be used in accordance with the revised timetable set out below.
Capitalised terms in this announcement are as defined in the circular posted to shareholders on 19 March 2024.
REVISED EXPECTED TIMETABLE OF PRINCIPAL EVENTS
| Recommended latest time for requesting withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST | 4.30 p.m. on 4 April 2024 |
| Latest time for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements into CREST | 3.00 p.m. on 9 April 2024 |
| Latest time for splitting Application Forms (to satisfy bona fide market claims only) | 3.00 p.m. on 10 April 2024 |
| Latest time and date for receipt of completed Application Forms and payment in full under the Open Offer and settlement of relevant CREST instructions (as appropriate) | 11.00 a.m. on 12 April 2024 |
| Expected date of announcement of the results of the Open Offer | 12 April 2024 |
| Share certificates dispatched for the Subscription Shares to be held in certificated form by | 15 April 2024 |
| Second Admission effective and dealings in the Open Offer Shares commence on AIM | 8.00 a.m. on 16 April 2024 |
| CREST accounts credited in respect of Open Offer Shares | 16 April 2024 |
| Share certificates dispatched for the Open Offer Shares to be held in certificated form by | 25 April 2024 |
The dates and timing of the events in the above timetable are indicative only and may be subject to change at the absolute discretion of the Company. If any of the details contained in the timetable above should change, the revised times and dates will be notified by means of an announcement through a Regulatory Information Service. All references are to London time unless stated otherwise.
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