Last checked at 5 Feb 2021 07:00
5 February 2021
EQTEC plc
("EQTEC", the "Company" or the "Group")
Directors' Dealings
EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for sustainable waste-to-energy projects, announces that it was notified on 4 February 2021 of the following director dealings.
Mr Thomas Quigley, Non-Executive Director of the Company, purchased 5,200,000 ordinary shares of 0.001 Euro each ("Shares") at 1.91 pence per share. Mr Quigley now holds a total of 33,054,154 Shares, representing 0.47 per cent. of the Company's issued share capital.
Mr Gerry Madden, Executive Director of the Company, sold 25,000,000 Shares at 1.91 pence per Share. Mr Madden now holds a total of 510,038 Ordinary Shares, representing 0.01 per cent. of the Company's issued share capital. In addition, Mr Madden is interested in, in aggregate, 224,879,591 options and warrants to subscribe for Shares in the Company.
This share sale by Mr Madden is the first sale of any of Mr Madden's equity in the Company since joining the Company in 2008, and the majority of the Shares sold were issued to him by the Company as a result of various salary sacrifice programmes undertaken by the Company. The proceeds of the share sale will primarily be used by Mr Madden to satisfy taxation and other liabilities arising from a number of salary sacrifice programmes initiated by the Company.
This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") and has been announced in accordance with the Company's obligations under Article 17 of UK MAR.
ENQUIRIES
EQTEC plc | +353 21 2409 056 |
David Palumbo / Gerry Madden | |
Strand Hanson - Nomad & Financial Adviser | +44 20 7409 3494 |
James Harris / James Dance / Jack Botros | |
Arden Partners - Broker | +44 20 7614 5900 |
Paul Shackleton (Corporate) / Simon Johnson (Sales) | |
Maitland/AMO - Communications & PR/IR adviser | +44 20 7379 5151 |
James Benjamin/Rhys Jones | EQTEC-maitland@maitland.co.uk |
About EQTEC plc
EQTEC is a world leading advanced gasification technology partner with proven proprietary patented technology for sustainable waste-to-value applications.
EQTEC designs and supplies advanced gasification solutions that have a higher efficiency product offering and are modular and scalable from 1MW to 25MW. EQTEC's versatile solutions are independently proven to process over 50 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics with no hazardous waste or toxic emissions. EQTEC's solutions produce a uniquely pure high-quality synthesis gas (syngas), that is capable of being used for the widest applications in the creation of energy, hydrogen and biofuels.
EQTEC's proprietary technology design together with deployment and maintenance capabilities mitigate the risks when using third party equipment. EQTEC's Technology Integration capabilities enable the Group to lead collaborative ecosystems that build sustainable, waste elimination and green energy infrastructure.
The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange awarded EQTEC the Green Economy Mark that 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 Form:
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 | Thomas Quigley | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Non-Executive Director | ||||
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 | 3 February 2021 | ||||
f) | Place of the transaction | AIM (LSE) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gerry Madden | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Finance Director | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 3 February 2021 | ||||
f) | Place of the transaction | AIM (LSE) | ||||