TIDMEQT

RNS Number : 2687Z

EQTEC PLC

16 May 2019

16 May 2019

EQTEC plc

("EQTEC" or the "Company")

Issue of Shares to a Service Provider

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that the Company has issued and allotted 2,777,777 Ordinary Shares to a service provider as consideration for services rendered.

Application will be made for the admission to AIM of these 2,777,777 new ordinary shares and trading is expected to start on 22 May 2019.

Following admission, the Company will have a total of 1,970,549,158 Ordinary Shares in issue carrying voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Enquiries

 
 EQTEC plc                              +353 (0)21 2409 056 
 Ian Price - Chief Executive Officer 
  Gerry Madden - Finance Director 
 Strand Hanson - Nomad, Financial 
  Adviser & Broker                      +44 (0) 207 409 3494 
 James Harris/Richard Tulloch/Jack 
  Botros 
 IFC Advisory - Financial PR & IR       +44 (0) 203 934 6630 
 Tim Metcalfe / Miles Nolan / Zach 
  Cohen

Notes to Editors

About EQTEC plc

EQTEC's business model involves sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its EQTEC Gasifier Technology ("EGT") and O&M services. EGT enables project developers to construct waste elimination plants and recover electrical and thermal energy from the waste streams.

EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and brings together the developers, the waste owners, the building contractors and funders. It then supplies the energy recovery technology and provides engineering services to the projects. Furthermore, EQTEC will provide O&M services to the operating projects generating recurring revenues over the life of the projects.

The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.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

IOEGCGDUGDBBGCL

(END) Dow Jones Newswires

May 16, 2019 05:23 ET (09:23 GMT)

Eqtec (LSE:EQT)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Eqtec Charts.
Eqtec (LSE:EQT)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Eqtec Charts.