Last checked at 27 Apr 2022 12:26
27 April 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
Grant of Long-term Incentive Plan Options
EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production, announces that its Board of Directors has awarded options on 25 April 2022 over a total of 188,648,745 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"). Subject to vesting conditions of the LTIP, one-third of the Options shall vest each year with a significant portion of Executive Remuneration linked to performance of the Company. Pursuant to the terms of the LTIP, the Options are exercisable at €0.001each, being the nominal value of an Ordinary Share.
Included within the total 188,648,745 options granted for 2022 are the following to Directors and persons discharging managerial responsibilities ("PDMRs") of the Company as part of their annual remuneration and incentivisation packages:
Director | Number of Options Granted in 2022 under the LTIP |
David Palumbo | 33,750,000 |
Jeffrey Vander Linden | 33,750,000 |
Nauman Babar | 26,250,000 |
Yoel Alemán | 22,115,888 |
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.
ENQUIRIES
EQTEC plc | +44 203 883 7009 |
David Palumbo / Nauman Babar | |
Strand Hanson - Nomad & Financial Adviser | +44 20 7409 3494 |
James Harris / James Dance | |
Arden Partners - Joint Broker | +44 20 7614 5900 |
Paul Shackleton (Corporate) / Simon Johnson (Sales) | |
Canaccord Genuity - Joint Broker | +44 20 7523 8000 |
Henry Fitzgerald-O'Connor / James Asensio / Patrick Dolaghan | |
Alma PR - Financial Media & Investor Relations | +44 20 3405 0205 |
Josh Royston / Sam Modlin | EQTEC@almapr.co.uk |
BECG - General Media Enquiries | +44 7554 014 188 / +44 7867 452 269 |
Carrie Lowe / Tom Gosschalk | EQTEC@BECG.com |
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 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 | David Palumbo | ||||
2. | Reason for the Notification | |||||
a) | Position/status | 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) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 26 April 2022 | ||||
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 | 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) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 26 April 2022 | ||||
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 | 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) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 26 April 2022 | ||||
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 | 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) |
| ||||
d) | Aggregated information Aggregated volume Price | N/A (Single transaction) | ||||
e) | Date of the transaction | 26 April 2022 | ||||
f) | Place of the transaction | AIM (LSE) | ||||