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Pin to quick picksEqtec Share News (EQT)

Share Price Information for Eqtec (EQT)

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Share Price: 1.90
Bid: 1.70
Ask: 2.10
Change: 0.00 (0.00%)
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IN BRIEF: EQTEC Sells Pluckanes Windfarm For EUR1.1 Million

Mon, 24th Aug 2020 15:26

EQTEC PLC - waste to energy project developer - Unit Reforce Energy Ltd sells Pluckanes Windfarm Ltd to BVP 2019 Finance Company Ltd on a debt free and cash free basis for a maximum net cash consideration of EUR383,503. Under the sale agreement, gross consideration for the disposal is EUR1.1 million, which is subject to certain adjustments. EQTEC expects to make EUR32,882 profit from disposal. Pluckanes earned pretax profit of EUR24,827 in the six months to Jun 30 and EUR21,684 for 2019. Proceeds from disposal will be used for general working capital requirements.

Current share price: 0.56 pence

Year-to-date change: up more than 100%; 0.12p at December 31, 2019

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Eqtec shares rise on collaboration deal with Tresca Energia

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Director dealings: Eqtec and Advanced Medical Solutions disclose purchases

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IN BRIEF: Eqtec secures EUR2.9 million loan for plant development

Eqtec PLC - thermochemical conversion technology and engineering company - Enters into a EUR2.9 million loan facility to refinance its Italy market development centre in Tuscany. The facility has a term of 48 months and an annual interest rate of 2.5% over the six-month euro interbank offered rate. This currently stands at 6.5%. so the current rate for Eqtec is 9.0%. The money will be used to make a series of performance improvements at the plant. Improvements are expected to be completed early in the final quarter of 2023.

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IN BRIEF: Eqtec inks deal with Idex for front end engineering

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IN BRIEF: Eqtec signs development agreement in Ireland with Domi Ost

Eqtec PLC - London-based technology firm which focuses on distributed, decarbonised, new energy infrastructure via waste-to-value solutions for hydrogen, biofuels, and energy generation - Signs a collaboration framework agreement with Domi Ost Ltd, an Irish development and project management company. Under the deal, the firms will collaborate on the design and development of projects in Ireland that deploy Eqtec synthesis gas technology for conversion of forestry, agricultural, industrial, municipal or other waste into renewable natural gas, hydrogen or other advanced applications such as ethanol or methanol. Four projects have been identified. No investment of capital or resources by the company is envisaged.

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