For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240611:nRSK0092Sa&default-theme=true
RNS Number : 0092S EQTEC PLC 11 June 2024
11 June 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
announcements of 28 May 2024 and 31 May 2024, receipt of the remaining
£502,425 in relation to the Placing in accordance with the previously
indicated timetable, resulting in the issuance of 35,887,491 new Shares to the
relevant subscribers (the "Placing Shares").
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
Placing Shares ("Admission"), being in aggregate 35,887,491 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 14 June 2024.
Following Admission, there will be 257,610,911 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.
Unless otherwise defined herein, all defined terms used in this announcement
shall have the meanings ascribed to them in the Company's announcements 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/) .
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END IOEKZGMVZMNGDZM