08:00 Tue 09 Jul 2019
EQTEC PLC - Cost reduction initiatives and issue of equity
("EQTEC", the "Company" or the "Group")
Implementation of cash cost reduction initiatives and issue of equity
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- that his remuneration for the period from
- that his remuneration for the period from
(the "Non-Executive Remuneration Arrangement").
·
- that 40 per cent. of their remuneration for the period from
- that 40 per cent. of their remuneration for the period from
(the "Executive Remuneration Arrangement").
·
- that 40 per cent. of their remuneration for the period from
- that 40 per cent. of their remuneration for the period from
The Directors and senior managers have each undertaken that they will only dispose of any interest in the new Ordinary Shares until
In addition, further to the announcement of
Further to the announcement of
Related party transactions
As Directors of EQTEC,
Admission and total voting rights.
Application will be made to the
Following Admission, the Company will have a total of 3,092,505,807 Ordinary Shares in issue carrying voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, with effect from Admission, 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
Enquiries
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+353 (0)21 2409 056 |
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Strand Hanson - Nomad, Financial Adviser & Broker |
+44 (0) 20 7409 3494 |
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IFC Advisory - Financial PR & IR |
+44 (0) 20 3934 6630 |
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Notes to Editors
About
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.
PDMR Notification
The notification below is made in accordance with the requirements of the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
1. |
Details of the persons discharging managerial responsibilities / person closely associated |
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a) |
Name |
Thomas Quigley |
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2. |
Reason for the notification |
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a) |
Position/status |
Non-Executive Director |
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b) |
Initial notification / amendment |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
63540085VSYVDEINJO04 |
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4. |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
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a) |
Description of the financial instrument, type of instrument |
Ordinary Shares of |
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Identification code |
IE00BH3XCL94 |
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b) |
Nature of the transaction |
Issue of shares in lieu of fees |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
N/A |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside a trading venue |
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