EQTEC PLC Results of EGM (1766X)
18 Diciembre 2023 - 7:30AM
UK Regulatory
TIDMEQT
RNS Number : 1766X
EQTEC PLC
18 December 2023
18 December 2023
EQTEC plc
("EQTEC", the "Company" or the "Group")
Results of Extraordinary General Meeting, Capital Reorganisation
and Share Consolidation
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 i s pleased to announce that at the Company's
Extraordinary General Meeting, held earlier today, all resolutions
put to the meeting were duly passed approving, inter alia, the
Capital Reorganisation and Share Consolidation, as detailed in the
Circular published and posted to Shareholders on 24 November
2023.
Pursuant to the Capital Reorganisation and Share Consolidation,
the Company's existing 14,783,204,492 ordinary shares of EUR0.001
each will be consolidated into 147,832,044 ordinary shares of
EUR0.01 each in issue, being the Consolidated Ordinary Shares. The
ISIN and SEDOL code of the Consolidated Ordinary Shares will be
IE000955MAJ1 and BLF9HQ3, respectively.
No new share certificates representing the Consolidated Ordinary
Shares will be sent to Shareholders who hold Existing Ordinary
Shares in certificated form. Accordingly, share certificates for
the Existing Ordinary Shares will remain valid, and will only be
replaced by share certificates for Consolidated Ordinary Shares
when the old share certificates are surrendered for cancellation
following the transfer, transmission or other disposal of
Consolidated Ordinary Shares.
Admission of the Consolidated Ordinary Shares to trading on
AIM
Application has been made to the London Stock Exchange plc for
the admission to trading on AIM of the Consolidated Ordinary
Shares, which is expected to become effective and dealings commence
at 8.00 a.m. on or around 21 December 2023 (the "Consolidation
Admission").
Total Voting Rights
Following the Consolidation Admission, the Company's issued
share capital will consist of 147,832,044 Consolidated Ordinary
Shares each with one voting right. The Company holds no Ordinary
Shares in Treasury. 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 under the FCA's
Disclosure Guidance and Transparency Rules .
Unless otherwise defined, capitalised terms used in this
announcement have the same meanings as ascribed to them in the
Company's announcement dated 24 November 2023.
ENQUIRIES
EQTEC plc
David Palumbo / Jeffrey Vander Linden +44 20 3883 7009
Strand Hanson - Nomad & Financial Adviser
James Harris / Richard Johnson +44 20 7409 3494
-----------------
Global Investment Strategy UK Ltd - Broker
Samantha Esqulant +44 20 7048 9045
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Fortified Securities - Broker
Guy Wheatley +44 20 3411 7773
-----------------
Panmure Gordon - Broker
John Prior / Hugh Rich +44 20 7886 2500
-----------------
About EQTEC
As one of the world's most experienced thermochemical conversion
technology and engineering companies, EQTEC delivers waste
management and new energy solutions through best-in-class
innovation and infrastructure engineering and value-added services
to owner-operators. EQTEC is one of only a few technology providers
directly addressing the challenge of replacing fossil fuels for
reliable, baseload energy. 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, specifies and delivers clean, syngas production
solutions in the USA, EU and UK, with highly efficient equipment
that is modular and scalable from 1MW to 30MW. EQTEC's versatile
solutions process 60 varieties of feedstock, including forestry
waste, agricultural waste, industrial waste 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 the London Stock Exchange's Alternative
Investment Market (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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