REG - EQTEC PLC - Equity placement update and total voting rights

EQTECAnnouncement

31/05/2024 14:00

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RNS Number : 6997Q  EQTEC PLC  31 May 2024

31 May 2024

 

EQTEC plc

("EQTEC", the "Company" or the "Group")

 

Equity placement update and total voting rights

 

EQTEC plc (AIM: EQT), a global technology innovator powering distributed,
decarbonised, new energy infrastructure through its waste-to-value solutions
for hydrogen, biofuels, and energy generation, announces that further to its
announcement of 28 May 2024 ("Placing Announcement"), the Company confirms
receipt of £350,000 in relation to the Placing, resulting in the issuance of
25,000,000 new Shares to the relevant subscribers (the "Initial Placing
Shares").

 

A further 2,435,499 new Shares are being issued in settlement of brokerage
fees in relation to the Placing ("Fee Shares") to Fortified Securities, the
Company's broker arranging the Placing.

The new Shares detailed above are being issued utilising the Company's
existing share authorities and will rank pari passu in all respects with the
Company's existing Shares.

 

Application is being made to the London Stock Exchange for admission of the
Initial Placing Shares and Fee Shares ("Admission"), being in aggregate
27,435,499 new Shares and it is expected that Admission will become effective
and that dealings in the new Shares on AIM will commence at 8.00 a.m. on or
around 6 June 2024.

 

Following Admission, there will be 221,723,420 Shares in issue. The Company
holds no Shares in Treasury. This number may be used by shareholders as the
denominator for the calculation by which they will determine if they are
required to notify their interest in, or a change in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

As noted in the Placing Announcement, the balance of 35,887,490 Placing Shares
are to be settled on or around 10 June 2024. Application will be made to the
London Stock Exchange for admission for this balancing amount, in due course,
with an announcement being released at the appropriate time.

 

Unless otherwise defined herein, all defined terms used in this announcement
shall have the meanings ascribed to them in the Company's announcement of 28
May 2024.

 

 

 

ENQUIRIES 

 

 EQTEC plc                                        +44 20 3883 7009 

 David Palumbo / Jeffrey Vander Linden 

  
 Strand Hanson - Nomad & Financial Adviser        +44 20 7409 3494 

 James Harris / Richard Johnson 

  
 Global Investment Strategy UK Ltd - Broker       +44 20 7048 9045 

 Samantha Esqulant 

 Fortified Securities - Broker                    +44 20 3411 7773 

 Guy Wheatley 

  

 

About EQTEC plc

 

As one of the world's most experienced thermochemical conversion technology
and engineering companies, EQTEC delivers waste management and new energy
solutions through best-in-class innovation and infrastructure engineering and
value-added services to owner-operators. EQTEC is one of only a few technology
providers directly addressing the challenge of replacing fossil fuels for
reliable, baseload energy. EQTEC's proven, proprietary and patented technology
is at the centre of clean energy projects, sourcing local waste, championing
local businesses, creating local jobs and supporting the transition to
localised, decentralised and resilient energy systems.

 

EQTEC designs, specifies and delivers clean, syngas production solutions in
the USA, EU and UK, with highly efficient equipment that is modular and
scalable from 1MW to 30MW. EQTEC's versatile solutions process 60 varieties of
feedstock, including forestry waste, agricultural waste, industrial waste and
municipal waste, all with no hazardous or toxic emissions. EQTEC's solutions
produce a pure, high-quality synthesis gas ("syngas") that can be used for the
widest range of applications, including the generation of electricity and
heat, production of renewable natural gas (through methanation) or biofuels
(through Fischer-Tropsch, gas-to-liquid processing) and reforming of hydrogen.

 

EQTEC's technology integration capabilities enable the Group to lead
collaborative ecosystems of qualified partners and to build sustainable waste
reduction and green energy infrastructure around the world.

 

The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange has
awarded EQTEC the Green Economy Mark, which recognises listed companies with
50% or more of revenues from environmental/green solutions.

 

Further information on the Company can be found at www.eqtec.com
(http://www.eqtec.com/) .

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