MetalNRG PLC EQTEC PLC SHARE EXCHANGE AND TOTAL VOTING RIGHTS (8320V)
16 December 2021 - 6:00PM
UK Regulatory
TIDMMNRG
RNS Number : 8320V
MetalNRG PLC
16 December 2021
T HIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK
LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS
(SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS
ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.
16(th) December 2021
METALNRG plc
("MetalNRG" or the "Company")
EQTEC PLC SHARE EXCHANGE AND TOTAL VOTING RIGHTS
MetalNRG plc, (LON:MNRG), the natural resources and energy
investment company, is pleased to announce that is has entered a
share exchange agreement with EQTEC Plc (AIM: EQT) ("EQTEC"), with
whom MNRG has an existing Business Development Partnership
Agreement.
MNRG has subscribed for 23,600,000 EQTEC Shares at yesterday's
market closing price and EQTEC has subscribed for 100,000,000 MNRG
Shares also at yesterday's closing price, the transaction is valued
at GBP295,000.
MNRG has made applications to:
(a) the FCA for Admission of the MNRG Shares to the standard
segment of the Official List; and
(b) the London Stock Exchange plc for Admission of the MNRG
Shares to trading on the main market for listed securities.
Admission is expected to take place at 8.00am on 21(st) December
2021.
Total Voting Rights
In conformity with DTR 5.6.1, the Company notifies that, as at
the date of this announcement, it has a single class of shares in
issue being ordinary shares and that, following the issue of the
100,000,000 new MNRG Shares described above, the total number of
ordinary shares in issue will be 1,135,219,460. There are no
ordinary shares held in treasury. Each ordinary share entitles the
holder to a single vote at general meetings of the Company.
The figure of 1,135,219,460 ordinary shares may be used by
shareholders (and others with notification obligations) as the
denominator for the calculations by which they will determine
whether 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.
Rolf Gerritsen commented, "I am delighted with this further
commitment with EQTEC and look forward to working together over the
coming years. This expanded arrangement strengthens the ties
between the Parties, as MetalNRG continues to invest, develop and
deliver sustainable, shovel-ready green energy projects, with a
specific focus on biomass and waste-to-energy projects in the UK
and Europe, to reduce CO2 emissions and contribute the achievement
of 2050 Net Zero goals, whilst working with EQTEC as a leading
technology and innovation partner. "
The release of this information was arranged by Rolf Gerritsen,
Chief Executive Officer.
END
Contact details:
MetalNRG PLC
Rolf Gerritsen
Christopher Latilla-Campbell +44 (0) 20 7796 9060
Corporate Broker
PETERHOUSE CAPITAL LIMITED
Lucy Williams/Duncan Vasey +44 (0) 20 7469 0930
----------------------
Corporate Broker
SI CAPITAL LIMITED
Nick Emerson +44 (0) 1483 413500
----------------------
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END
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