Quadrise Fuels International PLC Directorate Change (5175F)
July 16 2021 - 8:15AM
UK Regulatory
TIDMQFI
RNS Number : 5175F
Quadrise Fuels International PLC
16 July 2021
16 July 2021
Quadrise Fuels International plc
("Quadrise", "QFI", the "Company" and together with its
subsidiaries the "Group")
Directorate Change
Quadrise , the supplier of MSAR(R) and bioMSAR (TM) emulsion
technology and fuels, low-cost, cleaner alternatives to heavy fuel
oil and biofuels, announces that Mark Whittle, Chief Operating
Officer, has resigned from the Board with immediate effect. Mr
Whittle has agreed to continue working with the Company to ensure a
managed handover, his contractual termination date is 15 October
2021 unless otherwise mutually agreed.
Mike Kirk, Executive Chairman, and Jason Miles, Chief Executive
Officer, will continue to lead the management of the Company. The
Company considers that its existing resourcing will enable the
Group to continue to advance its portfolio of project opportunities
in line with their current schedules in the short term. It will,
however, commence the search for a replacement imminently.
Further announcements will be made, as appropriate.
Mike Kirk, Chairman of Quadrise, said:
"We thank Mark for the key role he has played in the development
of Quadrise and wish him well in his new role. Jason and I will
continue to lead the business to ensure that we deliver the
projects as planned. We do not expect any changes to our project
timetables as a result of Mark's departure."
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK version of the EU Market Abuse Regulation (2014/596) which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended and supplemented from time to time.
For further information, please contact:
Quadrise Fuels International Plc
Mike Kirk, Chairman +44 (0)20 7031 7321
Jason Miles, Chief Executive Officer ir@quadrisefuels.com
Nominated Adviser
Cenkos Securities plc
Ben Jeynes
Katy Birkin +44 (0)20 7397 8900
Joint Brokers
Peel Hunt LLP
Richard Crichton +44 (0)20 7418 8900
David McKeown
Shore Capital Stockbrokers Limited
Toby Gibbs
Fiona Conroy +44 (0)20 7408 4090
Public & Investor Relations
FTI Consulting
Ben Brewerton +44 (0)20 3727 1000
Ntobeko Chidavaenzi
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END
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