Eqtec Regulatory News (EQT)

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

EQTEC PLC

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

BUILDING 1000, CITY GATE

MAHON, CORK

T12W7CV

REPUBLIC OF IRELAND

COUNTRY OF INCORPORATION:

REPUBLIC OF IRELAND

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

WWW.EQTECPLC.COM

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Eqtec plc (the "Company") is a company with access to a proprietary advanced gasification technology used in industrial size power plants to convert waste into synthetic gas to generate electricity.

The terms have been agreed for the proposed acquisition of the entire issued share capital of Eqtec Iberia, an engineering company founded in 1997 and headquartered in Barcelona (Spain) specialising in the design, construction, operation and maintenance of power plants.

Eqtec Iberia has obtained patents for its gasifier technology: EGT. This proprietary technology is based on a bubbling fluid bed gasifier and is fueled with solid biomass or waste which is converted into gas. Once conditioned, the gas is used as fuel in Internal Combustion engines. This process enables waste elimination and also the ability to convert RDF (refuse derived fuel) into thermal and electrical energy. EGT enables project developers to construct waste elimination plants converting the waste into electrical and thermal energy. The high energy efficiency also provides project developers with a competitive advantage allowing them to quote more competitive gate fees for the waste supply.

As Eqtec Iberia is 66.99 per cent. owned by EBIOSS, which currently also holds 50.03 per cent. of Eqtec plc the Acquisition is a related party transaction in terms of the AIM Rules and accordingly all notifications in accordance with Rule 13 of the AIM Rules will be disclosed. The Company is undertaking a Placing to raise £1.6 million (before expenses) by the issue of the placing shares. Given the scale of the Acquisition, , the transaction is a reverse takeover under the AIM Rules Accordingly, the Acquisition is conditional, inter alia, on the approval by Shareholders of the Resolutions to be proposed at the Extraordinary General Meeting to be held on 20 December 2017.

The company has signed heads of terms relating to two projects in the north of England and is currently negotiating a further agreement on a project in Wales. The strategy will be focused on sourcing projects that have a local supply of waste in need of conversion. It will build relationships and bring together the developers, the waste owners, the building contractors and funders, providing assistance developing the waste elimination projects to which it will ultimately sell its technology and O&M services.

Main country of operation: UK

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

All new shares are ordinary shares of €0.001 each

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

£1,600,000

Market Cap: £8.7 million.

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

68.83%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Current Board:

1. Dermot Jeremiah O'Connell - Non-Executive Chairman

2. Brendan John Halpin - Executive Director

3. Michael Gerard ("Gerry") Madden - Chief Executive Officer and Interim Finance Director

New Board (From Admission):

1. Ian Phares Pearson - Non-Executive Chairman

2. Neil Christoper O'Brien - Non-Executive Director

3. Jose Oscar Leiva Mendez - Non-Executive Director

4. Luis Sanchez Angrill - Chief Executive Officer

5. Michael Gerard ("Gerry") Madden - Finance Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

* The Concert Party includes each of EcoFinance (GLI) Limited, Alchemy Capital Limited, Origen Capital LLP, Altair Group Investment Limited (including Mr. Gabriel Quintero), Ms. Ruby Sayed, Mr. David Palumbo (including Origen Capital Partners Limited, Mr. Thomas Quigley and Mr Richard Harrop.

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

1. ZAI Corporate Finance Limited*

2. Strand Hanson Limited*

3. Origen Capital Limited**

\* The above mentioned advisers are no longer engaged by Eqtec plc

**Origen Capital Limited have and continue to perform consulting services for Eqtec Plc from time to time.

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

EXPECTED ADMISSION DATE:

Late December 2017

NAME AND ADDRESS OF NOMINATED ADVISER:

Northland Capital Partners Limited

4th Floor

60 Gresham Street

London

EC2V 7BB

NAME AND ADDRESS OF BROKER:

VSA Capital Ltd

New Liverpool House

15-17 Eldon Street

London

EC2M 7LD

Northland Capital Partners Limited

4th Floor

60 Gresham Street

London

EC2V 7BB

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Admission Document, when published, will be available from the Company's website: www.eqtecplc.com/investors/ and will contain full details about Eqtec plc and the admission of its securities.

DATE OF NOTIFICATION:

20 December 2017

NEW/ UPDATE:

Update