Directorate Change

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")

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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