Director/PDMR Shareholding and Directorate Change
Quadrise PLC announced that non-executive director Dilip Shah has stepped down from the board with immediate effect due to late notifications of share dealings. Mr. Shah sold 1,000,000 ordinary shares at 6.55 pence per share on January 17, 2025, and was transferred 35,000,000 ordinary shares on August 19, 2024, not the previously notified 34,160,000. Following these transactions, Mr. Shah's current interest in the company is 34,330,000 ordinary shares, representing approximately 1.7% of the issued share capital. These dealings occurred in contravention of the company's Share Dealing Code.
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Director/PDMR Shareholding
Directorate Change
The Company was notified on 7 January 2026 that Dilip Shah, non-executive director of the Company, sold 1,000,000 ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") on 17 January 2025 at a price of 6.55 pence per Ordinary Share.
The Company was also notified on 7 January 2026 that, notwithstanding information provided prior to the Company's announcement of 4 December 2025 (the "Announcement"), Mr. Shah was transferred 35,000,000 Ordinary Shares by Phibatec Limited on 19 August 2024 - and not 34,160,000 Ordinary Shares as notified in the Announcement.
As a result of the above transactions, Dilip Shah's interest in the Company's Ordinary Shares notified in the Announcement was incorrect.
The Company is seeking confirmation that no further transactions by Mr. Shah have taken place, but based on information presently available to it understands that Dilip Shah is currently interested in 34,330,000 Ordinary Shares, representing approximately 1.7 per cent. of the Company's issued ordinary share capital.
As a result of the late notifications of dealings in Ordinary Shares on 19 August 2024 and 17 January 2025 which occurred in contravention of the Company's Share Dealing Code, Dilip Shah has stepped down from the Board of the Company with immediate effect.
Learn more at: www.quadrise.com
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| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Dilip Shah | ||||
| 2 | Reason for notification | |||||
| a) | Position/Status | Non-Executive Director | ||||
| Initial notification/amendment | Amendment | |||||
| a) | Name | Quadrise plc | ||||
| b) | LEI | 213800HN2ETG5476U328 | ||||
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary shares of 1 pence each ISIN: GB00B11DDB67 | ||||
| b) | Nature of transaction | Transfer of Ordinary Shares | ||||
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil 35,000,000 | ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of transaction | 19 August 2024 | ||||
| f) | Place of transaction | Outside of a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Dilip Shah | ||||
| 2 | Reason for notification | |||||
| a) | Position/Status | Non-Executive Director | ||||
| Initial notification/amendment | Initial notification | |||||
| a) | Name | Quadrise plc | ||||
| b) | LEI | 213800HN2ETG5476U328 | ||||
| a) | Description of the financial instrument, type of instrument and identification code | Ordinary shares of 1 pence each ISIN: GB00B11DDB67 | ||||
| b) | Nature of transaction | Sale of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information | n/a | ||||
| e) | Date of transaction | 17 January 2025 | ||||
| f) | Place of transaction | AIMX |
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