Quartix Technologies PLC Directorate Change (5918N)
September 26 2023 - 2:00AM
UK Regulatory
TIDMQTX
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)
Richard Lilwall, Chief Executive Officer
Emily Rees, Chief Financial Officer 01686 806 663
Cavendish Capital Markets Limited (Nominated
Adviser and Broker)
Matt Goode / Seamus Fricker (Corporate
Finance)
Tim Redfern / Sunila de Silva (Corporate
Broking) 020 7220 0500
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INFORMATION REQUIRED UNDER RULE 17 AND SCHEDULE 2, PARAGRAPH (G)
OF THE AIM RULES FOR COMPANIES ("AIM RULES")
F ull name: Andrew John Walters
Age: 67
Shares held in the Company: 10,661,609
Current directorships or partnerships: Gwendrock Limited
Historic directorships and partnerships Quartix Technologies PLC
in previous 5 years:
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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END
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