13 Mar 2023 07:00
13 March 2023
Quadrise Fuels International Plc ("Quadrise" or the "Company")
Proposed Change of Name
Strengthening Quadrise's positioning within Energy Decarbonisation
Quadrise Fuels International Plc (AIM:QFI), the supplier of innovative energy solutions for a cleaner planet, announces that the Board of Directors intends to change the Company's name from Quadrise Fuels International plc to Quadrise plc, and the Company's TIDM from 'QFI' to 'QED'.
The renaming of the Company is part of the Board's initiative to emphasise Quadrise's position in the energy decarbonisation space amongst customers and investors and to acknowledge the material contribution that the Company's technology solutions can make to reducing carbon intensity in marine, power and industrial applications. The move also sets the tone for future development of the Company as it continues to implement its strategy towards net-zero carbon energy solutions and carbon mitigations.
It is currently expected that the renaming of the Company to Quadrise plc will occur prior to the end of March 2023, subject to relevant filings being made with Companies House to implement, when the Company's TIDM will also change to 'QED'.
The Company's website will be refreshed at the same time, with updates reflecting the Company's decarbonisation strategy.
A further announcement in respect of completion of the proposed change of Company name will be made in due course.
Jason Miles, Chief Executive of Quadrise, commented:
"We are excited about the direction Quadrise continues to take as we establish the Company firmly within the energy decarbonisation process, with all the opportunities that present themselves for our suite of products. The new, simpler name and updated ticker reflects a dynamic environment and our ambition for Quadrise within it."
For additional information, please contact:
Quadrise Fuels International Plc | +44 (0)20 7031 7321 | |
Andy Morrison, Chairman Jason Miles, Chief Executive Officer | ||
Nominated Adviser | ||
Cenkos Securities plc | +44 (0)20 7397 8900 | |
Ben Jeynes | ||
Katy Birkin | ||
Broker Shore Capital Stockbrokers Limited |
+44 (0)20 7408 4090 | |
Toby Gibbs, Rachel Goldstein (Corporate Advisory) | ||
Fiona Conroy (Corporate Broking) | ||
Public & Investor Relations |
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Vigo Consulting Patrick D'Ancona Charlie Neish | +44 (0)20 7390 0230 |
About Quadrise
Quadrise is the supplier of MSAR® and bioMSAR™ emulsion technology, fuels and biofuels, providing innovative solutions to reduce energy costs and greenhouse gas emissions today for clients in the global power generation, shipping, industrial and refining industries.
Learn more: www.quadrisefuels.com