08:00 Wed 28 Aug 2019
EQTEC PLC - New Board Appointments & Appointment of Broker
("EQTEC", the "Company" or the "Group")
New Board Appointments
Appointment of Broker
Mr
Origen has previously been engaged by the Company to introduce potential investors. Origen facilitated the introduction of
Mr Yoel Alemán Méndez is an experienced chemical engineer with over 20 years' experience in Biomass Gasification. He has designed, built and operated gasification facilities of various industrial capacities, is the author of three technology patents related to specialty power generation, has been a University Associated Professor and Researcher at three universities and holds a PhD in chemical engineering. Prior to his appointment to the senior management of the Company in
Commenting on the Board appointments,
Appointment of Broker
The Company is pleased to announce the appointment of
Director Disclosures
Further disclosures in relation to the appointments of Mr
Current Directorships / Partnerships |
Past Directorships / Partnerships |
Arkha 1 LLP |
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Arkha 2 LLP |
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Commando 750 Limited |
Origen Brazil Consultoria Empresarial Ltda |
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Quaestus Capital Sarl (Previously Origen Gestion Sarl) |
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Yoel Santiago Alemán Méndez (aged 47)
Current Directorships / Partnerships |
Past Directorships / Partnerships |
Syngas Technology Engineering SI |
None |
Mr Yoel Alemán Méndez is a 30 per cent shareholder in Inava Ingerieria de Análisis SI ("Inava"). Inava was formed to hold collectively shares in Eqtec Iberia SLU and subsequently in EQTEC when it acquired Eqtec Iberia SLU. The individual shareholders in Inava have decided to enter into a shareholders' voluntary liquidation process in order to be able to distribute the EQTEC shares in specie to the individual shareholders of that company. This process has commenced and is ongoing. Inava is currently interested in 224,368,361 ordinary shares in the Company, representing 7.26 per cent of its issued share capital. Accordingly, Mr Alemán has an indirect interest in 67,310,508 ordinary shares, representing 2.18 per cent. of the Company's issued share capital. For the purposes of MAR, he is not considered to exercise control over Inava or any of its shares in EQTEC.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
Enquiries
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+353 (0)21 2409 056 |
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Strand Hanson - Nomad & Financial Adviser |
+44 (0) 20 7409 3494 |
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+44 (0)1483 413500 +44 (0) 20 3871 4066 |
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.
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