EQTEC PLC Issue of Equity (9862R)
03 Julio 2020 - 04:00AM
UK Regulatory
TIDMEQT
RNS Number : 9862R
EQTEC PLC
03 July 2020
3 July 2020
EQTEC plc
("EQTEC", the "Company" or the "Group")
Exercise of warrants
Total Voting Rights
EQTEC plc (AIM: EQT), the technology solution company for waste
gasification to energy projects, announces the exercise of certain
warrants to subscribe for new ordinary shares in the Company ("New
Ordinary Shares").
Warrants over 20,000,000 New Ordinary Shares at a price of 0.25
pence per share have been exercised. The aggregate gross proceeds
of these exercises receivable by the Company amount to
GBP50,000.
Admission and Total Voting Rights
The Company will make an application to the London Stock
Exchange plc for the 20,000,000 New Ordinary Shares to be issued
and allotted as a result of the warrant exercises 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 10 July 2020. The 20,000,000 New Ordinary Shares will rank
pari passu with the existing Ordinary Shares.
Following Admission, there will be 4,259,776,247 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.
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 +353 21 2409 056
David Palumbo / Gerry Madden
Strand Hanson - Nomad & Financial
Adviser +44 20 7409 3494
James Harris / James Dance / Jack
Botros
Arden Partners - Joint Broker
Paul Shackleton (Corporate) / Fraser
Marshall (Sales) +44 207 614 5900
SI Capital Limited - Joint Broker +44 1483 413 500
Nick Emerson / Jon Levinson
IFC Advisory - Financial PR & IR +44 20 3934 6630
Tim Metcalfe / Graham Herring / Zach
Cohen
Notes to Editors
About EQTEC plc
EQTEC is a technology partner with proven proprietary patented
technology for waste-to-value applications.
EQTEC designs and supplies advanced gasification solutions that
have a higher efficiency product offering and are modular and
scalable from 2MW to 30MW. Of particular importance is the
versatility of our solutions to process over 50 different types of
feedstock, including municipal waste, agricultural waste, biomass
and plastics. Our solutions produce a uniquely pure high-quality
synthesis gas (syngas), that is capable of being used for the
widest applications in energy and biofuels.
Proprietary technology design together with deployment and
maintenance capabilities mitigate the risks when using third party
equipment. Our Technology Integration capabilities enable us to
lead collaborative ecosystems that build sustainable, waste
elimination and green energy infrastructure.
The Company is quoted on AIM, bears the Green Economy Mark
awarded by the London Stock Exchange and trades as EQT. Further
information on the Company can be found at www.eqtec.com .
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.
END
IOEFIFETDAIVIII
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