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) 
     --------------------------------  ----------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHUBUARUSUSUAR

(END) Dow Jones Newswires

April 27, 2022 07:26 ET (11:26 GMT)

Eqtec (LSE:EQT)
Gráfica de Acción Histórica
De May 2022 a Jun 2022 Haga Click aquí para más Gráficas Eqtec.
Eqtec (LSE:EQT)
Gráfica de Acción Histórica
De Jun 2021 a Jun 2022 Haga Click aquí para más Gráficas Eqtec.