11 June 2024
EQTEC plc
("EQTEC",
the "Company" or the "Group")
Equity placement update and
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 that further to its
announcements of 28 May 2024 and 31 May 2024, receipt of the
remaining £502,425 in relation to the Placing in accordance with
the previously indicated timetable, resulting in the issuance of
35,887,491 new Shares to the relevant subscribers (the "Placing Shares").
The new Shares detailed above are
being issued utilising the Company's existing share authorities and
will rank pari passu in all respects with the Company's existing
Shares.
Application is being made to the
London Stock Exchange for admission of the Placing Shares
("Admission"), being in
aggregate 35,887,491 new Shares and it is expected that Admission
will become effective and that dealings in the new Shares on AIM
will commence at 8.00 a.m. on or around 14 June 2024.
Following Admission, there will be
257,610,911 Shares in issue. The Company holds no 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 herein, all defined terms used in
this announcement shall have the meanings ascribed to them in the
Company's announcements of 28 May 2024.
ENQUIRIES
|
EQTEC plc
David Palumbo / Jeffrey Vander
Linden
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+44 20 3883 7009
|
|
Strand Hanson - Nomad & Financial
Adviser
James Harris / Richard
Johnson
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+44 20 7409 3494
|
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Global Investment Strategy UK Ltd -
Broker
Samantha Esqulant
|
+44 20 7048 9045
|
|
Fortified Securities - Broker
Guy Wheatley
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+44 20 3411 7773
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About EQTEC plc
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 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.