RE: Interview20 Mar 2019 21:59
EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, has agreed with EBIOSS Energy SE ("EBIOSS"), its major shareholder, to convert a receivable owned by EBIOSS in the amount of £87,000 into 29,000,000 ordinary shares in the Company at a conversion price of 0.3p which is the same conversion price as the 33,333,333 ordinary shares being issued pursuant to the loan note conversion announced on 25 May 2018.
Yes you were right
Upon issue, EBIOSS will hold 742,381,371 ordinary shares, comprising 50.06% of the enlarged issued share capital of the Company.
Application will be made for the admission to AIM of these new ordinary shares together with the 33,333,333 ordinary shares being issued pursuant to the loan note conversion and trading is expected to start on 5 June 2018.