07:00 Mon 29 Oct 2018
EQTEC PLC - Director share subscription and share issue
("EQTEC" or the "Company")
Director share subscription and share issue
"Following recent agreements, the Company is well capitalised and is continuing to execute on its growth optimisation plan whilst maintaining tight cost control. Today's subscription by the Directors is a demonstration of our belief in the way the outcomes of the Strategic Review recently completed by
Details of the shares allotted to Directors are set out below:
Director |
Number of Ordinary Shares Allotted |
Allotment Price per Ordinary Share |
Beneficial Interest following the Purchase |
Total per cent. held after the issue |
Non-Executive Chairman |
537,634
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537,634 |
0.03% |
Chief Executive Officer |
725,806 |
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725,806 |
0.04% |
Finance Director |
569,677 |
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1,386,817 |
0.08% |
Non-Executive Director |
193,548 |
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193,548 |
0.01% |
Under the agreement with the
Application will be made for the admission to AIM of these 6,300,859 new ordinary shares and trading is expected to start on
Following admission, the Company will have a total of 1,804,744,243 Ordinary Shares in issue carrying voting rights. 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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+44 (0)20 3861 6625 |
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+44 (0)20 7618 9100 |
Harry Chathli / |
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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
The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail:
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
(Disclosure in relation to purchase of Ordinary Shares)
1. |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
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- - - - |
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2. |
Reason for the Notification |
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a) |
Position/status |
See 1(a) above for positions - all Directors of the Company |
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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 |
- - - - |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information: · Aggregated volume · Price |
See 4(c) above |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
London Stock Exchange AIM |
This information is provided by RNS, the news service of the
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