QED Quadrise Plc

TIDMQFI

RNS Number : 4791H

Quadrise Fuels International PLC

08 June 2017

8 June 2017

Quadrise Fuels International plc

("Quadrise", "QFI" or the "Company")

Update on Interim LONO

Quadrise Fuels International plc (AIM:QFI) announces an update on the provision of the Interim Letter of No Objection ("LONO") from Wärtsilä.

Further to the Company's announcement on 19 May 2017, Quadrise is pleased to report that it has now received confirmation that a draft interim LONO has been produced by Wärtsilä and that this is in the process of being reviewed by Maersk. Following the review by Maersk, the final interim LONO will be provided to QFI. The Company's current expectation is that it will receive the interim LONO in June 2017.

Mike Kirk, Executive Chairman, said:

"It is pleasing to be able to confirm that the Interim LONO has been received by Maersk and will be available to QFI following Maersk's review. We look forward to being able to update shareholders upon receipt and to using it to actively support our business development activities in the marine market."

This announcement is inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please refer to the Company's website at www.quadrisefuels.com or contact:

 
Quadrise Fuels International Plc 
                                       +44 (0)20 7031 
Mike Kirk, Executive Chairman           7321 
Hemant Thanawala, Finance Director 
 
Nominated Adviser 
Smith & Williamson Corporate Finance 
 Limited 
                                       +44 (0)20 7131 
Dr Azhic Basirov                        4000 
Ben Jeynes 
 Katy Birkin 
 
Broker 
Peel Hunt LLP 
                                       +44 (0)20 7418 
Richard Crichton                        8900 
Ross Allister 
 Chris Burrows 
 
 
Public & Investor Relations 
FTI Consulting 
                              +44 (0)20 3727 
Ben Brewerton                  1000 
Sara Powell 
 
 
 
 
 Notes to Editors 
  QFI is the emerging supplier of MSAR(R) emulsion 
  technology and fuel, enabling a low-cost alternative 
  to heavy fuel oil (one of the world's largest 
  fuels markets, comprising over 450 million tonnes 
  per annum) in the global shipping, refining and 
  power generation market 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCOKODKFBKDDAK

(END) Dow Jones Newswires

June 08, 2017 02:00 ET (06:00 GMT)

Quadrise (LSE:QED)
Historical Stock Chart
From Mar 2024 to Apr 2024

Quadrise (LSE:QED)
Historical Stock Chart
From Apr 2023 to Apr 2024