Last checked at 26 Apr 2018 07:00
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 |
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Northland Capital Partners Limited - Nomad and Joint Broker | +44 (0)20 3861 6625 |
Tom Price / Dugald J. Carlean |
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SVS Securities Plc - Joint Broker | +44 (0)20 3700 0093 |
Tom Curran / Ben Tadd |
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VSA Capital Limited - Financial Adviser and Joint Broker | +44 (0)20 3005 5000 |
Andrew Monk / Andrew Raca |
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Luther Pendragon - Financial PR | +44 (0)20 7618 9100 |
Harry Chathli / Alexis Gore / Ana Ribeiro |
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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.