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Share Price: 1.175

Bid: 1.15

Ask: 1.20

Change: 0.00 (0.00%)

Spread: 0.05 (4.348%)

Open: 1.175

High: 1.175

Low: 1.175

Prev. Close: 1.175

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IN BRIEF: Eqtec receives planning permission, selects FEED contractor

Mon, 18th Jul 2022 16:05

Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Secures revised planning consent for phase 1 waste recycling and anaerobic digestion facility, at Southport Hybrid Energy Park project. The project is developed with its partner Rotunda Group Ltd, and its subsidiary Shankley Biogas Ltd. Anaergia Inc will provide engineering, procurement and construction services for phase 1, as well as operations and maintenance.

Separately, notes that it has selected Petrofac Ltd as its front-end engineering design contractor for its waste-to-energy project at Haverton Hill, Billingham, Teesside. The pair have signed a letter of intent, and have not set a formal state date for the FEED. Eqtec plans to apportion Haverton into multiple, special-purpose vehicles, to enable different funding options and flexibility.

Current stock price: 0.45 pence, down 6.3% on Monday

12-month change: down 59%

By Elizabeth Winter; elizabethwinter@alliancenews.com

More News

11 Jun 2024 19:45

IN BRIEF: Eqtec receives final funds relating to placing

Eqtec PLC - Cork, Ireland-based thermochemical conversion technology company - Announces receipt of the remaining GBP502,425 in relation to the placing in accordance with the previously indicated timetable. This results in the issue of around 35.9 million shares to the relevant subscribers.

31 May 2024 11:58

MetalNRG settles outstanding debt after selling non-core Italian asset

(Alliance News) - MetalNRG PLC on Friday said it sold its stake in Eqtec Italia MDC Srl, its joint venture with fellow London listing Eqtec PLC.

29 May 2024 13:27

DIRECTOR DEALINGS: Rio Tinto executive sells GBP3.4 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and Wednesday and not separately reported by Alliance News:

28 May 2024 20:32

TRADING UPDATES: NetScientific backs Wanda; Inspirit Energy wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

28 May 2024 11:34

AIM WINNERS & LOSERS: Inspirit Energy inks supply contract with Eqtec

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

23 May 2024 21:25

TRADING UPDATES: Windward wins deal; Kodal progresses at Bougouni

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

23 May 2024 17:18

LONDON MARKET CLOSE: FTSE 100 falls as focus stays on Westminster

(Alliance News) - Stock prices in London closed predominantly lower on Thursday, following robust US data, and as eyes remained on Westminster after Prime Minister Rishi Sunak called a general election on Wednesday.

23 May 2024 10:41

AIM WINNERS & LOSERS: Eqtec rises on refinancing; Clontarf falls

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

17 May 2024 14:27

Eqtec shares plummet following termination of Verde share subscription

(Alliance News) - Eqtec PLC on Friday said it has cancelled a share subscription with Verde Corporation Ltd after the deadline for payment passed.

17 May 2024 09:25

AIM WINNERS & LOSERS: Cornish Metals rises as reassures shareholders

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

17 May 2024 08:56

LONDON MARKET OPEN: FTSE 100 lacklustre as Wall Street rally ends

(Alliance News) - Stock prices in London opened lower on Friday, after Thursday saw Wall Street's rally end in a record breaking session.

8 May 2024 16:27

TRADING UPDATES: Hellenic Dynamics and Ondine Biomedical raise funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

3 May 2024 20:10

TRADING UPDATES: Eqtec trading in line; Surface Transforms fundraise

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

1 May 2024 12:10

Eqtec now due GBP2.0 million settlement payment from Logik

(Alliance News) - Eqtec PLC on Thursday updated on the "positive" progress on its settlement with Logik Developments Ltd and its wholly-owned subsidiary Logik WTE Ltd, detailing it now expects to receive GBP2.0 million due to the timing of a site sale by Logik.

19 Apr 2024 14:18

IN BRIEF: Eqtec and Verde agree to amendment of subscription letter

Eqtec PLC on Friday - Cork, Ireland-based thermochemical conversion technology company - Says it agrees with Verde Corp to the amendement of a subscription letter first issued in early April for the conversion of debt into equity by shareholders Pitcole Ltd and Altair Group Investment Ltd. This comes after it was announced on April 2 that the Verde subscription had been postponed at the request of Verde, and that Eqtec had agreed to this delay in exchange for improved commercial terms with regards to the subscription price for the second tranche and the exercise price of its warrants. Under the new deal, the first subscription is for a cash consideration of GBP500,000 for 21.3 million shares at 2 pence each, or GBP0.024. The second subscription is for GBP1.0 million for 18.9 million shares at 5 pence each, or GBP0.053. Says agreement allows for funds to be received by May 16.

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IN BRIEF: Eqtec receives planning permission, selects FEED contractor

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