QUADRISE PLC — Board/Management Information 2021

Jul 16, 2021

National Storage Mechanism | Additional information

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® and bioMSAR™ 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	[email protected]
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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOAGPUWGMUPGGPQ