Result of Retail Offer

Quadrise Plc (AIM:QED), the supplier of innovative energy solutions for a cleaner planet, is pleased to announce that, further to the announcements made on 24 January 2025 regarding the proposed Retail Offer (the "Retail Offer Announcement") and the announcement made yesterday regarding the increased size of the Retail Offer to up to £2 million (the "Retail Offer Update Announcement"), 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.

Accordingly a total of 217,666,666 new Ordinary Shares will be conditionally issued pursuant to the Placing, the Subscription and the Retail Offer, raising gross proceeds of approximately £6.53 million.

Completion of the Retail Offer is conditional upon, inter alia, completion of the Placing and the Subscription and the Placing Shares, Subscription Shares and the Retail Offer Shares being admitted to trading on AIM operated by the London Stock Exchange.

Soft pre-emptive allowance calculation:

Existing shares X 12.334% (dilution from total new shares being issued) = soft pre-emptive allowance allocation shares.

Additional demand allocation share calculation:

(Total order shares - Soft pre-emptive allowance allocation shares) X approximately c.0.35%

Director/PDMR Retail Offer participation

As announced on 24 January 2025, certain Directors and PDMRs of the Company have subscribed for, in aggregate, 2,116,666 new Ordinary Shares pursuant to the Placing and Subscription.

The following PDMR of the Company has participated in the Retail Offer as follows:

The notification below, made in accordance with the requirements of the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and as modified by or under the European Union (Withdrawal) Act 2018 or other domestic law, provides further detail.

Admission and dealings

Application has been made to the London Stock Exchange for the Placing Shares and the Subscription Shares to be admitted to trading on AIM ("First Admission"). First Admission is expected to take place on or around 8.00 a.m. on 31 January 2025.

A separate application will be made for the Retail Offer Shares to be admitted to trading on AIM ("Second Admission"). It is anticipated that Second Admission will become effective and that dealings in the Retail Offer Shares will commence on AIM at 8.00 a.m. on 3 February 2025 or such later time and/or date as Shore, VSA, Cavendish and the Company agree (being in any event no later than 8.00 a.m. on 28 February 2025).

Unless otherwise defined herein, capitalised terms used in this announcement have the meanings given to them in the Retail Offer Launch Announcement.

The ISIN number of the Retail Offer Shares is GB00B11DDB67. The TIDM is QED.

UK Product Governance Requirements

Solely for the purposes of the product governance requirements of Chapter 3 of the FCA Handbook Product Intervention and Product Governance Sourcebook (the "UK MiFIR Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacture" (for the purposes of the UK MiFIR Product Governance Requirements) may otherwise have with respect thereto, the Retail Offer Shares have been subject to a product approval process, which has determined that the Retail Offer Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in paragraphs 3.5 and 3.6 of the FCA's Conduct of Business Sourcebook ("COBS"); and (ii) eligible for distribution through all permitted distribution channels (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Retail Offer Shares may decline and investors could lose all or part of their investment; the Retail Offer Shares offer no guaranteed income and no capital protection; and an investment in the Retail Offer Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the Retail Offer.

EU Product Governance Requirements