TIDMEQT
RNS Number : 4623S
EQTEC PLC
14 July 2022
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF
AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF
THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA,
JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE
IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
This announcement contains inside information for the purposes
of the UK version of Article 7 of Regulation (EU) 596/2014. Upon
the publication of this announcement, this inside information is
now considered to be in the public domain.
14 July 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
Results of Placing, PrimaryBid Offer and Subscription
Directors' Dealings
Related Party Transactions
EQTEC plc (AIM: EQT), a world innovation company enabling the
Net Zero Future through advanced solutions for hydrogen, biofuels,
SNG and other energy production, announces that, further to its
announcement of 4.50 p.m. yesterday (the "Launch Announcement"), it
has successfully completed the Fundraising which is now closed.
The Fundraising has raised GBP3.75 million (before expenses)
through the placing of 233,385,650 Placing Shares, subscription for
73,614,350 PrimaryBid Shares and subscription for 443,000,000
Subscription Shares, in each case at an Issue Price of 0.5 pence
per share.
Capitalised terms used but not defined in this announcement
shall have the meaning given to them in the Launch
Announcement.
Related Party Transactions - Directors' and substantial
shareholder participation in the Subscription
Yoel Aleman, David Palumbo, Jeffrey Vander Linden, Nauman Babar
and Thomas Quigley, each of whom are Directors of the Company (the
"Subscribing Directors"), have agreed to subscribe for an aggregate
of 37,000,000 Subscription Shares at the Issue Price . The
Subscribing Directors are related parties as defined in the AIM
Rules. As a result, their participation in the Subscription are
related party transactions pursuant to Rule 13 of the AIM
Rules.
Altair Group Investment Limited ("Altair") has an existing
holding of 1,634,091,107 Ordinary Shares in the Company
representing 19.0 per cent. of the Company's issued share capital
and, as such, is a substantial shareholder as defined in the AIM
Rules . Altair has agreed to subscribe for 80,000,000 Subscription
Shares at the Issue Price . As a result, their participation in the
Subscription is a related party transaction pursuant to Rule 13 of
the AIM Rules.
Accordingly, Ian Pearson, the independent director of the
Company (being the director other than the Subscribing Directors),
having consulted with the Company's Nominated Adviser, Strand
Hanson Limited, considers the terms of the participation by the
Subscribing Directors and Altair to be fair and reasonable insofar
as the Company's shareholders are concerned.
On Admission, following the issue of the Subscription Shares,
the interests of the Subscribing Directors and Altair in the
Company's enlarged issued share capital will be as follows:
Subscriber Resultant shareholding % enlarged issued
share capital
Yoel Aleman, 185,791,970 1.98%
----------------------- ------------------
David Palumbo 60,809,627 0.65%
----------------------- ------------------
Jeffrey Vander Linden 21,560,914 0.23%
----------------------- ------------------
Nauman Babar 1,000,000 0.01%
----------------------- ------------------
Thomas Quigley 29,854,154 0.32%
----------------------- ------------------
Altair 1,714,091,107 18.27%
----------------------- ------------------
Admission and Total Voting Rights
The Company will make an application to London Stock Exchange
plc for an aggregate of 782,657,286 Ordinary Shares, comprising
233,385,650 Placing Shares, 73,614,350 PrimaryBid Shares,
443,000,000 Subscription Shares and 32,657,286 Supplier Shares, to
be admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and dealings will commence on 19
July 2022. The New Shares will rank pari passu with the existing
Ordinary Shares.
Following Admission, there will be 9,381,682,212 Ordinary Shares
in issue. This number may be used by shareholders as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company.
ENQUIRIES
EQTEC plc +353 21 2409 056
David Palumbo / Nauman Babar
-----------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
-----------------------
James Harris / Richard Johnson
-----------------------
Canaccord Genuity - Joint Broker +44 20 7523 8000
-----------------------
Henry Fitzgerald-O'Connor / Patrick
Dolaghan
-----------------------
Arden Partners - Joint Broker +44 20 7614 5900
-----------------------
Ruari McGirr (Corporate) / Simon Johnson
(Sales)
-----------------------
Alma PR - Financial Media & Investor
Relations +44 20 3405 0205
-----------------------
Josh Royston / Sam Modlin eqtec @almapr.co.uk
-----------------------
+44 20 7457 2381 / +44
Instinctif - General Media Enquiries 7887 884794
-----------------------
Chris Speight / Tim Field eqtec @instinctif.com
-----------------------
PDMR Notification Form :
The notification below is made in accordance with the
requirements of the Market Abuse Regulation:
Details of the person discharging managerial
1. responsibilities / person closely associated
Name 1. Yoel Aleman
a) 2. David Palumbo
3. Jeffrey Vander Linden
4. Nauman Babar
5. Thomas Quigley
------------------------------- --------------------------------------
Reason for the Notification
2.
-----------------------------------------------------------------------
Position/status 1. Director (CTO)
a) 2. Director (CEO)
3. Director (CFO)
4. Director (COO)
5. Non-executive Director
------------------------------- --------------------------------------
Initial notification/amendment Initial notification
b)
------------------------------- --------------------------------------
Details of the issuer, emission allowance
3. market participant, auction platform,
auctioneer or auction monitor
-----------------------------------------------------------------------
Name EQTEC plc
a)
------------------------------- --------------------------------------
LEI 63540085VSYVDEINJO04
b)
------------------------------- --------------------------------------
Details of the transaction(s): section
4. 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
-----------------------------------------------------------------------
Description of the Ordinary Shares of EUR0.001 each
Financial instrument,
type of instrument
------------------------------- --------------------------------------
a) Identification code IE00BH3XCL94
------------------------------- --------------------------------------
Nature of the Transaction Issue of shares
b)
------------------------------- --------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
c) 0.5 pence 1. 15,000,000
2. 15,000,000
3. 4,000,000
4. 1,000,000
5. 2,000,000
---------------
------------------------------- --------------------------------------
Aggregated information N/A (Single transactions - see above)
d) Aggregated volume Price
------------------------------- --------------------------------------
Date of the transaction 14 July 2022
e)
------------------------------- --------------------------------------
Place of the transaction AIM (LSE)
f)
------------------------------- --------------------------------------
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
ROIGPUUGMUPPUAC
(END) Dow Jones Newswires
July 14, 2022 02:00 ET (06:00 GMT)
Eqtec (LSE:EQT)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Eqtec (LSE:EQT)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
