The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksEqtec Regulatory News (EQT)

Share Price Information for Eqtec (EQT)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1.25
Bid: 1.20
Ask: 1.30
Change: 0.00 (0.00%)
Spread: 0.10 (8.333%)
Open: 1.25
High: 1.25
Low: 1.25
Prev. Close: 1.25
EQT Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Grant of Long-term Incentive Plan Options

23 Jun 2023 09:40

RNS Number : 7358D
EQTEC PLC
23 June 2023
 

23 June 2023

 

EQTEC plc

 

("EQTEC", the "Company" or the "Group")

 

Grant of Long-term Incentive Plan Options

 

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, on 23 June 2023, its Board of Directors approved the award of options over a total of 753,802,555 ordinary shares of €0.001 each in the Company ("Ordinary Shares") under the EQTEC All Employee Long-term Incentive Plan, launched in 2021 (the "Options") (the "LTIP").

 

The number of Options awarded under the LTIP represent the maximum total share options available to employees of the Company on the basis of 2023 performance against vesting conditions set annually in line with the Company's annual performance targets. Awards have been calculated by reference to a price of 0.25p, being a 39% premium to the closing share price of 22 June 2023. Subject to vesting conditions of the LTIP, which include personal commitment (40%) and Company performance conditions (60%), up to one-third of the Options shall vest each year, commencing on the first anniversary of award. The LTIP awards represent a significant portion of executive remuneration linked with the performance of the Company. Pursuant to the terms of the LTIP, the Options are exercisable at €0.001 each, being the nominal value of an Ordinary Share.

 

Included within the total 753,802,555 options awards for 2023 ("Awards") are the following to directors of the Company as part of their annual remuneration and incentivisation packages:

 

Director

Options granted in 2023 under the LTIP

David Palumbo

135,000,000

Jeffrey Vander Linden

135,000,000

Nauman Babar

105,000,000

Yoel Alemán

92,820,000

 

The objective of the LTIP is to continue to progress individual and team performance in line with Company performance, thereby creating value for shareholders while minimising cash outlay. All Company executive directors and employees are eligible to participate in the LTIP as part of a broader all-company remuneration strategy and the scheme allows all employees to participate in the long-term success of the Company.

 

Following these grants, the Company has, in aggregate, 1,281,640,323 warrants and options in effect under existing incentive schemes.

 

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

David Palumbo

2.

Reason for the Notification

a)

Position/status

Director (CEO)

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

N/A

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

b)

Nature of the Transaction

Grant of LTIP options subject to vesting conditions

c)

Price(s) and volume(s)

Price(s)

Volume(s)

€0.001(exercise price)

135,000,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction 

23 June 2023

f)

Place of the transaction

AIM (LSE)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jeffrey Vander Linden

2.

Reason for the Notification

a)

Position/status

Director (COO)

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

N/A

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

b)

Nature of the Transaction

Grant of LTIP options subject to vesting conditions

c)

Price(s) and volume(s)

Price(s)

Volume(s)

€0.001(exercise price)

135,000,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction 

23 June 2023

f)

Place of the transaction

AIM (LSE)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Nauman Babar

2.

Reason for the Notification

a)

Position/status

Director (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

N/A

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

b)

Nature of the Transaction

Grant of LTIP options subject to vesting conditions

c)

Price(s) and volume(s)

Price(s)

Volume(s)

€0.001(exercise price)

105,000,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction 

23 June 2023

f)

Place of the transaction

AIM (LSE)

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Dr. Yoel S. Alemán Méndez

2.

Reason for the Notification

a)

Position/status

Director (CTO)

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

N/A

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

b)

Nature of the Transaction

Grant of LTIP options subject to vesting conditions

c)

Price(s) and volume(s)

Price(s)

Volume(s)

€0.001(exercise price)

92,820,000

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction 

23 June 2023

f)

Place of the transaction

AIM (LSE)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHFJMPTMTJTMAJ
Date   Source Headline
1st Nov 202111:00 amRNSPrice Monitoring Extension
28th Oct 20217:00 amRNSUpdate on Deeside Project and Anaergia Inc. Deal
14th Oct 20218:39 amRNSAdditional Investment in North Fork Project
13th Oct 20218:22 amRNSAgreement to acquire Greek waste-to-energy project
28th Sep 20217:00 amRNSInterim Results
27th Sep 20217:00 amRNSAgreement to acquire Southport RDF Project
27th Sep 20217:00 amRNSNotice of Results and Investor Presentation
24th Sep 202112:15 pmRNSEstablishment of Greek Joint Venture
16th Sep 20218:57 amRNSAdditional investment in Billingham project
14th Sep 20212:31 pmRNSAcquisition of gasification waste-to-energy plant
7th Sep 20217:00 amRNSSouthport Project Extension
17th Aug 202111:23 amRNSResult of AGM
11th Aug 20217:00 amRNSAcquisition and recommissioning of Croatia plant
23rd Jul 20219:00 amRNSExercise of Warrants and Total Voting Rights
23rd Jul 20217:00 amRNSNotice of AGM
19th Jul 20217:00 amRNSQ2 Trading Update
12th Jul 20217:00 amRNSClarification: North Fork Community Power Project
21st Jun 20217:00 amRNSFinancial Close of Italia MDC Project
28th May 20214:01 pmRNSResults of Placing, PrimaryBid Offer, Subscription
28th May 202110:42 amRNSFundraising Closed
28th May 20217:01 amRNSPrimaryBid Offer
28th May 20217:00 amRNSPlacing & Subscription to raise up to £15 million
17th May 20217:00 amRNSAcquisition and recommissioning of Italy plant
19th Apr 20217:00 amRNSFinal Results for the year ended 31 December 2020
29th Mar 20217:00 amRNSAppointment of Joint Broker
22nd Mar 20219:05 amRNSSecond Price Monitoring Extn
22nd Mar 20219:00 amRNSPrice Monitoring Extension
22nd Mar 20217:00 amRNSTrading Update
12th Mar 20217:51 amRNSMigration update
11th Mar 202111:05 amRNSSecond Price Monitoring Extn
11th Mar 202111:00 amRNSPrice Monitoring Extension
11th Mar 20218:30 amRNSHolding(s) in Company
11th Mar 20217:00 amRNSCollaboration Framework Agreement with Toyota
1st Mar 20219:53 amRNSHolding(s) in Company
1st Mar 20217:00 amRNSExercise of warrants & TVR
26th Feb 20217:00 amRNSBillingham Project Land Purchase Agreement
19th Feb 20214:41 pmRNSSecond Price Monitoring Extn
19th Feb 20214:36 pmRNSPrice Monitoring Extension
17th Feb 202110:46 amRNSResult of EGM
12th Feb 20214:51 pmRNSHolding(s) in Company
11th Feb 202111:45 amRNSLong Term Incentive Plan and Share Allocation
9th Feb 202111:38 amRNSExclusive collaboration agreement with Logik
9th Feb 20217:00 amRNSHolding(s) in Company
5th Feb 20217:00 amRNSDirectors' Dealings
4th Feb 20214:20 pmRNSHolding(s) in Company
1st Feb 20217:00 amRNSIssue of Equity-Directors’ Dealings-TVR-Rule 17
27th Jan 20217:00 amRNSPlanning approval secured for Billingham Project
25th Jan 20218:09 amRNSNotice of EGM
8th Jan 20217:00 amRNSNobilis of Greece MOU & growing ewerGy partnership
5th Jan 20217:00 amRNSExercise of warrants

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.