15:40 Wed 20 Dec 2017
AIM - Schedule One Update - Eqtec Plc
ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES") |
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COMPANY |
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COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) : |
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BUILDING 1000, CITY GATE MAHON, CORK T12W7CV
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COUNTRY OF INCORPORATION: |
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COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26: |
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COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: |
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The terms have been agreed for the proposed acquisition of the entire issued share capital of Eqtec Iberia, an engineering company founded in 1997 and headquartered in Eqtec Iberia has obtained patents for its gasifier technology: EGT. This proprietary technology is based on a bubbling fluid bed gasifier and is fueled with solid biomass or waste which is converted into gas. Once conditioned, the gas is used as fuel in Internal Combustion engines. This process enables waste elimination and also the ability to convert RDF (refuse derived fuel) into thermal and electrical energy. EGT enables project developers to construct waste elimination plants converting the waste into electrical and thermal energy. The high energy efficiency also provides project developers with a competitive advantage allowing them to quote more competitive gate fees for the waste supply.
As Eqtec Iberia is 66.99 per cent. owned by EBIOSS, which currently also holds 50.03 per cent. of
The company has signed heads of terms relating to two projects in the north of
Main country of operation:
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DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares): |
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All new shares are ordinary shares of
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CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION: |
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Market Cap:
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PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: |
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68.83%
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DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: |
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None
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FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known): |
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Current Board: 1. Dermot 2. Brendan 3.
New Board (From Admission): 1. Ian Phares Pearson - Non-Executive Chairman 2. Neil 3. Jose Oscar 4. Luis Sanchez Angrill - Chief Executive Officer 5.
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FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known): |
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*
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NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES: |
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1. ZAI Corporate Finance Limited* 2. Strand Hanson Limited* 3. Origen Capital Limited**
*The above mentioned advisers are no longer engaged by ** |
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(i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19: |
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EXPECTED ADMISSION DATE: |
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Late
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NAME AND ADDRESS OF NOMINATED ADVISER: |
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4th Floor EC2V 7BB |
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NAME AND ADDRESS OF BROKER: |
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New Liverpool House EC2M 7LD
4th Floor EC2V 7BB
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OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: |
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The Admission Document, when published, will be available from the Company's website: www.eqtecplc.com/investors/ and will contain full details about
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DATE OF NOTIFICATION: |
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NEW/ UPDATE: |
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Update
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