26th Jul 2023 13:30
Quadrise PLC - London-based residual oil technology that produces synthetic heavy fuel oil MSAR - Open offer of shares at 1.25 pence each gets acceptances for 67.6 million shares, 38% of the 175.9 million shares on offer, raising GBP840,000. Together with its share placing at the same price, Quadrise raises GBP1.9 million in total. The cash will be used to progress operations and active projects and strengthen its balance sheet, the company previously had said.
Current stock price: 1.21 pence for GBP20.2 million market capitalisation
12-month change: down 13%
By Tom Waite, Alliance News editor
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