REG - Quadrise PLC - Appointment of Non-Executive Director

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RNS Number : 2166X  Quadrise PLC  19 March 2026

19 March 2026

Quadrise Plc
("Quadrise" or the "Company")

 

Appointment of Non-Executive Director

 

Quadrise Plc (AIM: QED), the technology company focused on the decarbonisation
of shipping and heavy industry through deployment of low emission fuels and
biofuel, is pleased to announce the appointment of Michael Covington as
Non-Executive Director and member of the Audit Committee with immediate
effect. It is expected that Michael will, in the future, succeed Laurie Mutch
as Chairman of the Audit Committee, with Laurie Mutch having now informed the
Company of his intention to step down as a director of the Company in due
course.

 

Michael brings over 30 years' international experience across the energy,
fuels, infrastructure, renewables and industrial technology sectors. He has a
strong track record supporting boards through commercial scale‑up and
complex deal structuring, combining deep financial discipline with
energy‑sector commercial insight and an entrepreneurial approach.

 

Michael began his career in audit with PwC before becoming a corporate
financier at Close Brothers and ABN Amro before moving into senior investment
banking roles at Dresdner Kleinwort and later as Managing Director of
Cleantech & Renewables at Piper Sandler.

 

He subsequently led investment, development and portfolio management
activities in private equity and renewables through senior positions at SI
Capital, Denver Partners, Alpha Real Capital, Bluefield Partners and
Blackfinch Group, and has served as a non‑executive director for several
clean‑technology and energy‑transition businesses including Enertechnos.

 

Since 2021, Michael has been a board director and now Chair of Getech Group
plc, overseeing audit, risk, finance, strategy and capital allocation during a
period of corporate restructuring and refocus on core oil & gas data and
services markets. He also serves on the board of Changeworks, contributing
governance and risk oversight to one of Scotland's leading decarbonisation
organisations.

 

He holds an MA in Chemistry from the University of Oxford and is a Chartered
Accountant (ACA).

Andy Morrison, Chairman of Quadrise commented:

"We are delighted to welcome Michael to Quadrise. With more than three decades
of experience across clean-energy, alternative fuels, infrastructure and
industrial technology, he brings exceptional financial, strategic and
governance expertise to the Company. His extensive background in strategic
capital, complex deal structuring and supporting organisations through
commercial scale‑up, together with his deep understanding of the energy
transition and major industrial counterparties, aligns strongly with our
ambitions as Quadrise enters its next phase of growth and commercialisation."

 

Further information on Michael Covington

 

The directorships and partnerships currently held by Michael Paul Covington,
aged 58, and over the five years preceding the date of his appointment are as
follows:

 

 Current Directorships           Previous Directorships Held In The Last 5 Years
 Getech Group PLC
 Changeworks Resources for Life

 

Michael does not own any ordinary shares or options over ordinary shares in
the Company.

 

There is no further information on Michael Covington required to be disclosed
under Schedule Two, paragraph (g) of the AIM Rules for Companies.

 

 

For further information please contact:

 

 Quadrise Plc                                        +44 (0)20 7031 7321
 Andy Morrison, Chairman

 Peter Borup, Chief Executive Officer

 Jason Miles, Chief Technology Officer

 Nominated Advisor                                   +44 (0)20 7220 0500

 Cavendish Capital Markets Limited

 Ben Jeynes

 George Lawson

 Joint Brokers

 Shore Capital Stockbrokers Limited                  +44 (0)20 7408 4090
 Toby Gibbs, Harry Davies-Ball (Corporate Advisory)
 Fiona Conroy (Corporate Broking)

 VSA Capital Limited                                 +44 (0)20 3005 5000

 Andrew Raca (Corporate Finance)

 Andrew Monk (Corporate Broking)

 Public & Investor Relations

 Tavistock Communications (Financial PR & IR)        +44 (0) 20 7920 3150

 Simon Hudson

 Nick Elwes

 Saskia Sizen

 

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