Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEqtec Share News (EQT)

Share Price Information for Eqtec (EQT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.65
Bid: 1.60
Ask: 1.70
Change: 0.00 (0.00%)
Spread: 0.10 (6.25%)
Open: 1.65
High: 1.65
Low: 1.65
Prev. Close: 1.65
EQT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

TRADING UPDATES: Orcadian to look at electrification of oil platforms

Mon, 06th Dec 2021 21:21

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

----------

Orcadian Energy PLC - North Sea focused oil and gas development company - Awarded GBP466,667 by the Oil & Gas Authority to evaluate an approach to the electrification of North Sea oil and gas platforms "which will dramatically cut carbon emissions". Will also produce an industry white paper which describes the approach to electrification of offshore oil and gas platforms. Orcadian is working with Crondall Energy, Enertechnos, Petrofac Ltd, North Sea Midstream Partners and Wartsila to undertake the evaluation.

----------

88 Energy Ltd - Alaska-focused oil exploration and appraisal company - Says operations remain on track for the spud of the Merlin-2 appraisal well in February 2022, with snow road construction preparations underway and construction expected to start before the end of 2021, dependent on weather conditions. Pre-commissioning inspection of the Arctic Fox rig is planned for early January. To issue USD7.5 million in shares to a contractor as payment, about 406.7 million shares at AUD0.026 each.

----------

Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Says drilling campaign at the Arya prospect in Queensland has concluded, with five drill-holes completed. All samples now at the laboratory getting analysed. Says laboratory delays holding up assay results from Litchfield lithium project in Northern Territory has let to the option acquisition agreement being extended. Says Zambian geology team working on inaugural drilling campaign for the Luanshya project.

----------

Ondine Biomedical Inc - Vancouver, Canada-based life sciences company focused on photodisinfection-based therapies - Starts trading on AIM Market of the London Stock Exchange. Ondine has uses non-antibiotic antimicrobial technology called photodisinfection which rapidly destroys pathogens - including SARS-CoV-2 - without causing resistance.

----------

Cellular Goods PLC - London-based cannabinoid product company - Appoints Anna Chokina as chief executive officer following the launch of its inaugural product range last week Wednesday. Chokina succeeds Alexis Abraham, who becomes chief strategy officer. Both appointments take effect from Monday. Chokina was previously vice president of Global Colour Cosmetics, Global Face Care &Personal Care at New York-based cosmetics company Avon.

----------

Eqtec PLC - Cork, Ireland-based gasification company focused on turning waste into sustainable energy - Inks agreement with Logik Developments Ltd, which will see the two companies vary the terms of the existing share purchase agreement signed by Logik and Deeside WTV. Eqtec to acquire 32% stake in Logik WTE Ltd, the entity which holds the land and necessary planning permissions for the Deeside project, for GBP3.3 million. "Through the new agreement the parties will now act in partnership and seek to develop additional waste-to-value infrastructure on the Deeside site. The parties are currently conducting additional feasibility studies for hydrogen and other biofuels to enhance the project," company says.

----------

Lekoil Ltd - oil and gas exploration and production company with a focus on Nigeria and West Africa - Says it as had no approach from Lekoil Nigeria regarding proposed takeover offer. Says it will liaise with its nominated advisor, legal counsel and shareholders in the coming days to address the issues raised by the Lekoil Nigeria announcement.

----------

Ecofin Global Utilities & Infrastructure Trust PLC - utility and infrastructure equity investment - Says its net asset value increased 0.1% from end-October to November 30. NAV is up 2.6% in past three months.

----------

Dev Clever Holdings PLC - Tamworth, England-based software developer for immersive learning and career guidance - Appoints former US-listed subscription-driven internet company uDate.com chief financial officer Mike Brocklesby as director of finance. He has also been vice president finance & operations for Soflow Inc. Soflow is an internet start-up providing a web-based business networking tool.

----------

Eurasia Mining PLC - palladium, platinum, rhodium, iridium and gold producer in Russia - Says its subsidiary focused on the Kola peninsula has inked a legally binding cooperation agreement with Russian state owned Far East and Arctic Region Development Corp. Says the agreement will help the company obtain further state support and various tax and non-tax benefits.

----------

Norman Broadbent PLC - London-based recruitment firm - Raises GBP75,347 via subscription of 1.1 million shares at 6.75p each. The shares represent approximately 1.8% of the company's issued share capital and come at a 13% premium to the closing mid-market price of its shares on Friday.

----------

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More 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:

Read more
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.

Read more
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.

Read more
19 Apr 2024 11:13

Eqtec agrees amendment to Verde subscription

(Sharecast News) - Waste-to-energy technology developer Eqtec updated the market on the Verde Corporation subscription on Friday, confirming that an amendment to the subscription letter had been agreed upon with Verde.

Read more
3 Apr 2024 16:35

IN BRIEF: Eqtec shares surge as reaches settlement with Logik

Eqtec PLC - Cork, Ireland-based thermochemical conversion technology company - Reaches settlement agreement with Logik Developments Ltd and its subsidiary Logik WTE Ltd. Eqtec will receive about GBP1.7 million by around early May, as Logik will pay the sum within the next business day of a sale of a site at Weighbridge Road in Deeside Industrial Park which is expected to complete on or before April 30. If the sale is delayed to between May 1 and November 30, Eqtec will receive GBP2.0 million, and if it is delayed beyond November Eqtec will receive the GBP2.0 million sum plus interest at 4% above the Bank of England base rate on any part of the settlement that it not paid according to the settlement terms.

Read more
2 Apr 2024 19:02

TRADING UPDATES: Roadside shares suspended; Adnams looks for funds

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

Read more
11 Mar 2024 11:59

Eqtec says completion of subscription postponed due to delayed funding

(Alliance News) - Eqtec PLC on Monday said that it has postponed the planned completion of a share subscription.

Read more
23 Feb 2024 08:59

TRADING UPDATES: Plant Health eyes Mexico Saori launch; NARF wins deal

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

Read more
13 Feb 2024 11:44

Eqtec secures new strategic investor, shares spark

(Sharecast News) - Shares in Eqtec rallied on Tuesday, after the AIM-listed energy technology firm raised £500,000 through a new strategic investor.

Read more
13 Feb 2024 09:13

IN BRIEF: Eqtec shares rise on new subscription and debt conversion

Eqtec PLC - Cork, Ireland-based thermochemical conversion technology company - Raises gross proceeds of GBP500,000 through direct subscription of 21.3 million shares at 2.35 pence each by strategic investor Verde Corp of US-based Verde Group. Company will use funds to contribute to ongoing working capital requirements. Verde has also committed to second subscription for shares at 4.75p each for GBP1 million in total.

Read more
16 Jan 2024 14:03

UPDATE: Eqtec forms joint venture with CompactGTL for sustainable fuel

(Alliance News) - Eqtec PLC on Tuesday said it has entered a joint venture agreement with CompactGTL Ltd for renewable synthetic fuels.

Read more
16 Jan 2024 13:08

Eqtec's Italian plant gets EUR 2.9m loan approved

(Sharecast News) - Waste-to-fuel specialist Eqtec announced approval from Banca del Fucino, a historic private banking group based in Rome, to draw down a €2.9m loan facility on Tuesday.

Read more
16 Jan 2024 11:58

LONDON MARKET MIDDAY: FTSE 100 falls despite cooler UK wage growth

(Alliance News) - The FTSE 100 in London was down at midday Tuesday, as investors nervously eye Wednesday's UK inflation data and what it will mean for interest rates.

Read more
16 Jan 2024 10:55

Eqtec shares soar as MetalNRG hails loan drawdown for Italy plant

(Alliance News) - MetalNRG PLC on Tuesday congratulated Eqtec PLC as the latter celebrated the pending drawdown of a loan to finance its plant in Tuscany.

Read more
16 Jan 2024 10:02

AIM WINNERS & LOSERS: Eqtec jumps as EUR2.9 million loan gets approved

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.