REG - Quartix Technologies - Directorate Change

Quartix TechnologiesAnnouncement

26/09/2023 07:00

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RNS Number : 5918N  Quartix Technologies PLC  26 September 2023

Quartix Technologies plc

("Quartix", "the Group" or "the Company")

Directorate Change

 

Quartix Technologies plc, a leading supplier of subscription-based vehicle
tracking systems, analytical software and services today announces that Paul
Boughton, Non-executive Chairman, has resigned from the Company's Board.
Quartix also announces that the Company's Founder Andy Walters, has rejoined
the board as Non-executive Chairman.  The Board thanks Paul for his
contribution to Quartix over many years both as Non-executive Director and
Chairman.

Given Andy's significant shareholding in the Company, the Board has concluded
that it would be appropriate to appoint a further independent Non-Executive
Director to the Board as soon as practicable, taking into account the
experience and skillset required for such a role.  Further updates will be
made in this regard and also the composition of the Company's Board Committees
at the appropriate time.

Andy Walters, Non-executive Chairman, commented: "I believe that there is
significant insight and value I can bring to the Company's growth plans.  I
therefore proposed to the board that I rejoin the Board as Non-executive
Chairman to assist the Company in taking advantage of this growth opportunity,
which I am delighted that they have accepted."

Richard Lilwall, CEO, commented: "Andy obviously has an unparalleled depth of
knowledge on our business and the market and I am excited that he is willing
and able to re-join the Board to help us further our mission to help
businesses save costs and boost efficiencies in their fleet operations - I am
very much looking forward to working with him again."

For further information, please contact:

 Quartix (www.quartix.net)                                         01686 806 663

 Richard Lilwall, Chief Executive Officer

 Emily Rees, Chief Financial Officer
 Cavendish Capital Markets Limited (Nominated Adviser and Broker)     020 7220 0500

 Matt Goode / Seamus Fricker (Corporate Finance)

 Tim Redfern / Sunila de Silva (Corporate Broking)

 

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INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G) OF THE AIM
RULES FOR COMPANIES ("AIM RULES")

 Full name:                                                    Andrew John Walters
 Age:                                                          67
 Shares held in the Company:                                   10,661,609
 Current directorships or partnerships:                        Gwendrock Limited

 Historic directorships and partnerships in previous 5 years:  Quartix Technologies PLC
                                                               Quartix Limited
                                                               Quartix Inc.
                                                               Quartix Telematics Limited

 

There is no further information to be disclosed in relation to the appointment
pursuant to Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.

 

 

 

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