Last checked at 28 Dec 2017 07:01
28 December 2017
EQTEC plc
("EQTEC" or the "Company")
Directorate Changes
EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces the following Directorate changes following the completion of the acquisition of Eqtec Iberia SL, an engineering company specialising in the design, construction, operation and maintenance of power plants.
Luis Sánchez Angrill has been appointed Chief Executive Officer and Michael Gerard Madden will assume the role of Finance Director. Ian Phares Pearson has been appointed non-executive Chairman, and Neil Christopher O'Brien and Óscar Leiva Mendez have been appointed as non-executive Directors. Dermot O'Connell has retired as Director and Non-Executive Chairman of the Company and Brendan Halpin has retired as Director and Company Secretary of the Company.
Newly Appointed Director Biographies
Ian Pearson - Non-Executive Chairman, 58
Ian was for five years the chairman of AIM listed OVCT2, a company which invested in a variety of renewal energy companies and was successfully merged into Apollo VCT plc last year. He is currently a Non-Executive Director of Thames Water Utilities Limited, the UK's biggest water company with 15 million customers, and is Chairman of CODE Investing Ltd. He is also a senior adviser to BAI Communications plc and has previously been a member of the UK Advisory Board of the accountants, PwC. During a distinguished Ministerial career from 2001-10 Ian Pearson held a number of positions, including Minister for Trade & Foreign Affairs, Minister of State for Climate Change and the Environment, Minister for Science, and Economic Secretary to the Treasury. He graduated from Balliol College, Oxford and has a Master's degree and a Doctorate in Industrial and Business Studies from the University of Warwick.
Neil O'Brien - Non-Executive Director, 54
Neil O'Brien is an experienced manager and director in the UK energy sector holding a number of non-executive roles in both listed and private equity backed businesses. Prior to taking on non-executive positions, Neil was CEO at the UK listed independent power producer, Alkane Energy, where Neil oversaw expansion in its core coal mine methane business and expansion into the UK power response market. Neil qualified as a chartered accountant at Coopers & Lybrand and held a number of finance roles including senior positions in both Blue Circle Cement European Heating Division and in CAMAS plc before becoming Finance Director with Speedy Hire PLC.
Óscar Leiva - Non-Executive Director, 43
Óscar Leiva is currently the President and founder of EBIOSS, a technology group operating in the waste sector, and listed on the Spanish Stock Exchange. The group has during the last ten years invested in new technologies and companies that allow municipalities to solve their waste problem using smart waste collection and waste elimination technologies provided by EBIOSS. He studied a Bachelor's degree in Management and Master's degree in Financial Markets at the University of Barcelona. Oscar has held executive positions in private banking in different financial entities such as Credit Suisse Group and Banco Finantia. His international experience also comes from his role as Vice President of the Marina D'Or Group, a real estate developer and property company.
Luis Sanchez - Chief Executive Officer, 51
Luis qualified as a power engineer at the Polytechnic University of Catalonia (Barcelona-Spain). Luis began his professional career at Sulzer Infra (now ENGIE) as HVAC ("Heating, Ventilation and Air Conditioning") and CHP Project developer. He has had several executive and management positions in the energy business until he founded Eqtec Iberia in 1997, starting a thermo-gasification R&D programme which is the origin of the unique Eqtec Gasifier Technology, patented by Eqtec Iberia. In 2012 he was one of the founders of EBIOSS and became its CEO. EBIOSS is a holding company developing biomass and waste power plants, listed on the Spanish Stock Exchange since July 2013.
The newly appointed Directors are currently or have been a director of the following companies within the previous five years:
Director | Current Directorships/Partnerships | Past Directorships/Partnerships |
Ian Pearson | Thames Water Utilities Limited Code Investing Limited IPP Associates Limited
| Octopus VCT 2 PLC (Dissolved) Apollo VCT PLC
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Neil O'Brien | RedT Energy plc. Mercia Power Limited South Gables Limited | Alkane Energy Limited Egdon Resources plc Eastern Pegasus Limited (dissolved) Seven Star Natural Gas Limited Coalgas (CYMRU) Limited (dissolved) Alkane Services Limited Coalgas (Europe) Limited (dissolved) Leven Power Limited Alkane Biogas Limited Rhymney Power Limited MW Renewables Limited Regent Park Energy Limited Darent Power Limited Alkane Energy UK Limited
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Luis Sanchez | Inava Ingenieria de Analisis SL Sofia Biomass EOOD Eqtec Iberia EBIOSS Eqtec Bulgaria Energotec Eco AD Syngas Italy SRL
| Eqtec Energy SL (liquidated) Conecta2 Energia SL |
Óscar Leiva | Biomass Gorno EOOD Energotec Eco AD Smolyan Biomass EOOD Plovdiv Biomass EOOD Luxur Biomass OOD Luxur Energies EAD Epsion Resorts EAD Heat Biomass EOOD Leife EOOD EBIOSS Karlovo Biomass EOOD United Biomass EOOD Nova Zagora Biomass EOOD Bul Biomass OOD Tvardica Biomass EOOD Brila EOOD Elektra Holding Ad Luxur PV OOD Eko EI Invest EOOD Bul PV OOD Eqtec Iberia Eqtec Bulgaria Biomass Distribution EOOD Tvardica PV EOOD TNL World EOOD Southeimer SL WIT SGPD (former TNL SGPS) Titan Power OOD Sistema Global de Acceso SL Eurobolsa Asesores Financieros SA TNL Sociedade Equipamentos e Sistemas SA Hotel Capital Investment SL Aquria Capital Group SL | Conecta2 Energia SL Eqtec Energy SL (liquidated) |
There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM rules.
This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
Enquiries
EQTEC plc | +353 (0)21 2409 056 |
Luis Sanchez - Chief Executive Officer Gerry Madden - Finance Director |
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Northland Capital Partners Limited - Nomad and Joint Broker | +44 (0)20 3861 6625 |
Dugald J. Carlean / Tom Price |
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SVS Securities Plc - Joint Broker | +44 (0)20 3700 0093 |
Tom Curran / Ben Tadd |
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VSA Capital Limited - Financial Adviser and Joint Broker | +44 (0)20 3005 5000 |
Andrew Monk / Andrew Raca |
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Luther Pendragon - Financial PR | +44 (0)20 7618 9100 |
Harry Chathli / Alexis Gore / Ana Ribeiro |
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Notes to Editors
About EQTEC plc
EQTEC's business model will involve sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its Eqtec Gasifier Technology ("EGT") and O&M services. EGT enables project developers to construct waste elimination plants converting the waste into electrical and thermal energy. The high energy efficiency also provides project developers with a competitive advantage allowing them to quote more competitive gate fees for the waste supply.
EQTEC will source projects that have a local supply of waste in need of conversion. It will build relationships and bring together the developers, the waste owners, the building contractors and funders and provide the technology and engineering services to the projects. Furthermore, the Enlarged Group will provide O&M services to the operating projects generating recurring revenues over the life of the projects.
The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.com.