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Pin to quick picksEqtec Regulatory News (EQT)

Share Price Information for Eqtec (EQT)

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Issue of Shares

26 Apr 2018 07:00

RNS Number : 1528M
EQTEC PLC
26 April 2018
 

26 April 2018

 

EQTEC plc

 

("EQTEC" or the "Company")

 

Issue of Shares

 

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, has agreed with EBIOSS Energy SE ("EBIOSS"), its major shareholder, to convert a receivable owned by EBIOSS in the amount of £147,900 into 36,975,000 ordinary shares in the Company at a conversion price of 0.4p.

 

Upon issue, EBIOSS will hold 713,381,371 ordinary shares, comprising 50.22% of the enlarged issued share capital of the Company.

 

Application will be made for the admission to AIM of these new ordinary shares, together with the 37,500,000 ordinary shares being issued pursuant to the loan note conversion announced on 19 April 2018 and trading is expected to start on 1 May 2018.

 

 

Enquiries

 

EQTEC plc

+353 (0)21 2409 056

Luis Sanchez - Chief Executive Officer

Gerry Madden - Finance Director

 

 

 

Northland Capital Partners Limited - Nomad and Joint Broker

+44 (0)20 3861 6625

Tom Price / Dugald J. Carlean

 

 

 

SVS Securities Plc - Joint Broker

+44 (0)20 3700 0093

Tom Curran / Ben Tadd

 

 

 

VSA Capital Limited - Financial Adviser and Joint Broker

+44 (0)20 3005 5000

Andrew Monk / Andrew Raca

 

 

 

Luther Pendragon - Financial PR

+44 (0)20 7618 9100

Harry Chathli / Alexis Gore / Ana Ribeiro

 

 

 

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.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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