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

 

Mike Kirk, Executive Chairman

+44 (0)20 7031 7321

Hemant Thanawala, Finance Director

 

 

 

Nominated Adviser

 

Smith & Williamson Corporate Finance Limited

 

Dr Azhic Basirov

+44 (0)20 7131 4000

Ben Jeynes

Katy Birkin

 

 

 

Broker

 

Peel Hunt LLP

 

Richard Crichton

+44 (0)20 7418 8900

Ross Allister

Chris Burrows 

 


 

Public & Investor Relations

 

FTI Consulting

 

Ben Brewerton

+44 (0)20 3727 1000

Sara Powell

 

 

 




 

 

Notes to Editors

 

QFI is the emerging supplier of MSAR® 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
 
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