Directorate change

Summary by AI ^BETAClose X

Quadrise Plc announced that Laurie Mutch has stepped down as a Director and Chairman of the Audit Committee with immediate effect, after serving on the Board for 20 years. Michael Covington will assume Mutch's responsibilities on the Audit and Remuneration committees. The company thanked Mutch for his significant contributions and long-standing service.

Disclaimer*

Quadrise PLC

15 April 2026

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

Directorate Change

Quadrise Plc (AIM: QED), the technology company focused on the decarbonisation of shipping and heavy industry through deployment of low emission fuels and biofuel, announces that further to the announcement on 19 March 2026, Laurie Mutch has stepped down as a Director of the Company with immediate effect.

Laurie has also stepped down as Chairman of the Audit Committee and as a member of the Remuneration and Nomination Committees. His responsibilities on the Audit and Remuneration committees will be assumed by Michael Covington.

Laurie has served on the Board for 20 years, providing continuity, deep corporate knowledge and independent oversight through multiple phases of the Company's development. Following his resignation as a Director, he will assist with transition and handover arrangements.

Andy Morrison, Chair of Quadrise, commented:

"On behalf of the Board, I would like to thank Laurie for his outstanding contribution to Quadrise over the past two decades. His experience, judgement and steadfast support have been invaluable as the Company has evolved from a technology developer into a business approaching commercial scale‑up. Laurie's guidance and commitment to strong governance have played a significant role in shaping the Company we have today, and we are grateful for his long‑standing service. The Board wishes him every success in the future."

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 Cavendish Capital Markets Limited Ben Jeynes George Lawson	+44 (0)20 7220 0500
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 Andrew Raca (Corporate Finance) Andrew Monk (Corporate Broking)	+44 (0)20 3005 5000

Public & Investor Relations Tavistock Communications (Financial PR & IR) Simon Hudson Nick Elwes Saskia Sizen	+44 (0) 20 7920 3150

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