Last checked at 22 Jan 2019 15:28
22 January 2019
EQTEC plc
("EQTEC" or the "Company")
Notification of shareholdings
EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that it has received the following TR1 notifications from certain shareholders in the Company, which are included at the end of this announcement.
The Company sets out below further explanation to assist shareholders, based on the Company's understanding of the current shareholdings following receipt of the TR1s.
On 6 August 2018, the Company announced that it had issued 191,666,667 new ordinary shares of €0.001 in the Company ("Ordinary Shares" or "Shares") to Origen Capital LLP ("Origen") following Origen's investment of £1.15 million. The investment was made on behalf of a consortium of investors. On issue, the voting rights to these Shares rested with Origen and accordingly, the Company disclosed Origen as being interested in 10.71% of the Company's enlarged issued share capital at that time.
The Company, in the same announcement, provided details of 100,000,000 new Shares issued to Altair Group Investment Limited ("Altair") and 15,528,000 new Shares issued to Ecofinance (GLI) Limited ("Ecofinance") in relation to the capitalisation of interest payments into equity. As a result, the Company disclosed that Altair and Ecofinance were interested in 5.54% and 0.87% respectively of the Company's then enlarged issued share capital.
The Company has now been informed by Origen that the voting rights on the Shares issued to it on 6 August 2018 have been transferred to the consortium's underlying investors, resulting in the issue of the below TR1 forms. Of the 191,666,667 Shares issued to Origen, the Company has been notified through the TR1 forms that the beneficial interest and voting rights to 175,000,000 Shares, representing 9.71% of the Company's issued share capital, are now held by Mr Khalid Choksy, with Altair now holding the beneficial interest and voting rights of the remaining 16,666,667 Shares. As a result, the Company has been advised that Origen no longer holds any Shares.
Given the above, Altair has also provided a TR1 form, setting out that it is currently interested in 137,868,580 Shares, representing 7.64% of the Company's issued share capital, being 5,673,913 Shares issued to Altair in 2015, 100,000,000 Shares issued to it on 6 August 2018, the 16,666,667 Shares transferred to it from Origen as detailed above, and 15,528,000 Shares held by Ecofinance, which is ultimately controlled by Altair. Altair has included the Ecofinance shares as part of its disclosure due to the fact that Altair has the ultimate controlling interest in Ecofinance.
Set out below is a table of the Company' significant shareholders as far as it is aware, based on the Company's current issued share capital of 1,804,744,223 Shares.
Shareholder | No. of Ordinary Shares | % of issued share capital |
EBIOSS Energy SE | 742,381,371 | 41.13% |
Inava Ingenieria de Análisis SL | 250,159,360 | 13.86% |
Khalid Choksy | 175,000,000 | 9.70% |
Altair Group Investment Ltd. | 137,868,580 | 7.64% |
Mike Joseph | 83,832,421 | 4.65% |
Monecor (London) Limited | 65,023,078 | 3.60% |
Enquiries
EQTEC plc | +353 (0)21 2409 056 |
Ian Price - Chief Executive Officer Gerry Madden - Finance Director |
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Northland Capital Partners Limited - Nomad and Broker | +44 (0)20 3861 6625 |
David Hignell / Dugald J. Carlean |
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Luther Pendragon - Financial PR | +44 (0)20 7618 9100 |
Harry Chathli / Alexis Gore / Joe Quinlan |
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Notes to Editors
About EQTEC plc
EQTEC's business model involves sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its EQTEC Gasifier Technology ("EGT") and O&M services. EGT enables project developers to construct waste elimination plants and recover electrical and thermal energy from the waste streams.
EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and brings together the developers, the waste owners, the building contractors and funders. It then supplies the energy recovery technology and provides engineering services to the projects. Furthermore, EQTEC will provide O&M services to the operating projects generating recurring revenues over the life of the projects.
The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.com
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | EQTEC PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Details of person subject to the notification obligation | ||||||
Name | MOHAMMED KHALID YOUSUF CHOKSY | |||||
City and country of registered office (if applicable) |
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4. Full name of shareholder(s) (if different from 3.) | ||||||
Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached: | 18/01/2019 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 18/01/2019 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuer | ||
Resulting situation on the date on which threshold was crossed or reached | 9.7 | - | 9.7 | 1,804,744,223 | ||
Position of previous notification (if applicable) | 0 | - | - |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
IE00BH3XCL94
| 175,000,000 |
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SUBTOTAL 8. A | 175,000,000 |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdate | Exercise/Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdate | Exercise/Conversion Period | Physical or cash settlement | Number of voting rights | % of voting rights | ||||
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer | X | |||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) |
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Name | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional information | ||||
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Place of completion | Dubai, UAE |
Date of completion | 18/01/2019 |
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | EQTEC PLC | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Details of person subject to the notification obligation | ||||||
Name | ALTAIR GROUP INVESTMENT LTD | |||||
City and country of registered office (if applicable) | THE BRITISH VIRGIN ISLANDS | |||||
4. Full name of shareholder(s) (if different from 3.) | ||||||
Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reached: | 18/01/2019 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 18/01/2019 | |||||
7. Total positions of person(s) subject to the notification obligation | ||||||
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuer | ||
Resulting situation on the date on which threshold was crossed or reached | 7.64 | - | 7.64 | 1,804,744,223 | ||
Position of previous notification (if applicable) | 0 | - | - |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rights | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
IE00BH3XCL94
| 137,868,580 | - | 7.64 | - | |||||
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SUBTOTAL 8. A | 137,868,580 |
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdate | Exercise/Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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| SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||
Type of financial instrument | Expirationdate | Exercise/Conversion Period xi | Physical or cash settlement | Number of voting rights | % of voting rights | ||||
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| SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | ||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer | X | |||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) |
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Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional information | ||||
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Place of completion | THE BRITISH VIRGIN ISLANDS |
Date of completion | 18/01/2019 |