Last checked at 13 Oct 2023 16:28
13 October 2023
EQTEC plc
("EQTEC", the "Company" or the "Group")
Director Dealing
EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation announces that Nauman Babar, Chief Financial Officer, has today purchased 4,967,056 ordinary shares of ?0.001 each in the Company ("Ordinary Shares") for a price of 0.06 pence per Ordinary Share.
Accordingly, Nauman Babar's total holding in the Company is 5,967,056 Ordinary Shares, representing approximately 0.05 per cent. of the Company's issued share capital. In addition, Nauman Babar is interested in, in aggregate, 134,582,716 options to subscribe for Ordinary Shares in the Company.
ENQUIRIES
EQTEC plc David Palumbo / Nauman Babar
| +44 20 3883 7009 |
Strand Hanson - Nomad & Financial Adviser James Harris / Richard Johnson
| +44 20 7409 3494 |
Panmure Gordon - Broker John Prior / Hugh Rich
| +44 20 7886 2500 |
Instinctif - Media & investor relations enquiries Guy Scarborough / Tim Field
| EQTEC@instinctif.com +44 791 717 8920 / +44 788 788 4794 |
About EQTEC plc
As one of the world's most experienced gasification technology and engineering companies, with a growing track record of delivering operational and commercial success for transforming waste-to-energy through best-in-class technology innovation, engineering and project development, EQTEC brings together design innovation, project delivery discipline and solid commercial experience to add momentum to the global energy transition. EQTEC's proven, proprietary and patented technology is at the centre of clean energy projects, sourcing local waste, championing local businesses, creating local jobs and supporting the transition to localised, decentralised and resilient energy systems.
EQTEC designs, supplies and builds advanced gasification facilities in the UK, EU and US, with highly efficient equipment that is modular and scalable from 1MW to 30MW. EQTEC's versatile solutions process over 50 varieties of feedstock, including forestry wood waste, vegetation and other agricultural waste from farmers, industrial waste and sludge from factories and municipal waste, all with no hazardous or toxic emissions. EQTEC's solutions produce a pure, high-quality synthesis gas ("syngas") that can be used for the widest range of applications, including the generation of electricity and heat, production of synthetic natural gas (through methanation) or biofuels (through Fischer-Tropsch, gas-to-liquid processing) and reforming of hydrogen.
EQTEC's technology integration capabilities enable the Group to lead collaborative ecosystems of qualified partners and to build sustainable waste reduction and green energy infrastructure around the world.
The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange has awarded EQTEC the Green Economy Mark, which recognises listed companies with 50% or more of revenues from environmental/green solutions.
Further information on the Company can be found at www.eqtec.com.
PDMR notification
The notifications below are made in accordance with the requirements of UK MAR:
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Nauman Babar | ||||
2. | Reason for the Notification | |||||
a) | Position/status | CFO | ||||
b) | Initial notification/amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | EQTEC plc | ||||
b) | LEI | 63540085VSYVDEINJO04 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary Shares of?EUR 0.001?each | ||||
Identification code | IE00BH3XCL94 | |||||
b) | Nature of the Transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction? | 13 October 2023 | ||||
f) | Place of the transaction | AIM (LSE) | ||||