TIDMEQT
RNS Number : 5619J
EQTEC PLC
27 April 2022
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 EUR0.001 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 EUR0.001 each,
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
-----------------------
+44 7554 014 188 / +44
BECG - General Media Enquiries 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 Ordinary Shares of EUR 0.001 each
instrument, type of instrument
-------------------------------- -----------------------------------------
Identification code
-------------------------------- -----------------------------------------
b) Nature of the Transaction Grant of LTIP options subject to vesting
conditions
-------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 p 33,750,000
-----------
-------------------------------- -----------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -----------------------------------------
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 Ordinary Shares of EUR 0.001 each
instrument, type of instrument
-------------------------------- -----------------------------------------
Identification code
-------------------------------- -----------------------------------------
b) Nature of the Transaction Grant of LTIP options subject to vesting
conditions
-------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 p 33,750,000
-----------
-------------------------------- -----------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -----------------------------------------
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 Ordinary Shares of EUR 0.001 each
instrument, type of instrument
-------------------------------- -----------------------------------------
Identification code
-------------------------------- -----------------------------------------
b) Nature of the Transaction Grant of LTIP options subject to vesting
conditions
-------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 p 26,250,000
-----------
-------------------------------- -----------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -----------------------------------------
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 Ordinary Shares of EUR 0.001 each
instrument, type of instrument
-------------------------------- -----------------------------------------
Identification code
-------------------------------- -----------------------------------------
b) Nature of the Transaction Grant of LTIP options subject to vesting
conditions
-------------------------------- -----------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1 p 22,115,888
-----------
-------------------------------- -----------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- -----------------------------------------
e) Date of the transaction 26 April 2022
-------------------------------- -----------------------------------------
f) Place of the transaction AIM (LSE)
-------------------------------- -----------------------------------------
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END
DSHUBUARUSUSUAR
(END) Dow Jones Newswires
April 27, 2022 07:26 ET (11:26 GMT)
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