TIDMEQT
RNS Number : 8355H
EQTEC PLC
29 November 2022
29 November 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
Exercise of Warrants
Total Voting Rights
EQTEC plc (AIM: EQT), a global technology innovator powering
distributed, decarbonised, new energy infrastructure through its
waste-to-value solutions for hydrogen, biofuels, and energy
generation announces the exercise of certain warrants to subscribe
for new ordinary shares in the Company ("New Ordinary Shares").
Exercise of warrants
Warrants over 19,696,881 New Ordinary Shares have been exercised
by Mr. Thomas Quigley who is a Non-Executive Director of the
Company and considered to be a person discharging managerial
responsibilities for the purpose of the UK Market Abuse Regulation.
The gross proceeds of the exercise receivable by the Company amount
to GBP49,242.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for the
19,696,881 New Ordinary Shares, to be issued and allotted as a
result of the warrant exercise set out above, to be admitted to
trading on AIM ("Admission"). It is expected that Admission will
become effective, and dealings will commence on or around 5(th)
December 2022. The 19,696,881 New Ordinary Shares will rank pari
passu with the existing Ordinary Shares.
Following the exercise, the percentage holding of Mr Quigley
will be as per the table below:
Director and EQTEC plc Ordinary Beneficial Holding Percentage of
PDMR Shares issued Following Admission Ordinary Shares
pursuant to Warrant Following Admission
Exercise
Mr. Thomas Quigley 19,696,881 54,751,035 0.58%
--------------------- --------------------- ---------------------
Following Admission, there will be 9,421,479,093 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.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail in
respect of the transaction as described above.
Details of the person discharging managerial responsibilities
1. / person closely associated
Name Thomas Quigley
a)
------------------------------- --------------------------------------
Reason for the Notification
2.
-----------------------------------------------------------------------
Position/status Non-Executive Director
a)
------------------------------- --------------------------------------
Initial notification/amendment Initial notification
b)
------------------------------- --------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
Name EQTEC plc
a)
------------------------------- --------------------------------------
LEI 63540085VSYVDEINJO04
b)
------------------------------- --------------------------------------
Details of the transaction(s): section to be repeated
4. 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 Ordinary Shares of EUR0.001 each
a) the Financial instrument,
type of instrument
------------------------------- --------------------------------------
Identification IE00BH3XCL94
code
------------------------------- --------------------------------------
Nature of the Exercise of warrants to subscribe for
b) Transaction New Ordinary Shares
------------------------------- --------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
c) 0.25 pence 19,696,881
-----------
------------------------------- --------------------------------------
Aggregated information N/A (Single transaction - see above)
d) Aggregated volume
Price
------------------------------- --------------------------------------
Date of the transaction 25 November 2022
e)
------------------------------- --------------------------------------
Place of the transaction AIM (LSE)
f)
------------------------------- --------------------------------------
This announcement contains inside information as defined in
Article 7 of the EU Market Abuse Regulation No 596/2014 and has
been announced in accordance with the Company's obligations under
Article 17 of that Regulation.
ENQUIRIES
EQTEC plc +44 203 883 7009
David Palumbo / Nauman Babar
---------------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
---------------------------
James Harris / Richard Johnson
---------------------------
Panmure Gordon - Joint Broker +44 20 7614 5900
---------------------------
John Prior / Harriette Johnson
---------------------------
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 / Matthew Young EQTEC@almapr.co.uk
---------------------------
+44 207 457 2381 / +44 788
Instinctif - General Media Enquiries 788 4794
---------------------------
Chris Speight / Tim Field EQTEC@instinctif.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 renewable 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 .
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END
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