09:05 Fri 11 Jan 2019
EQTEC PLC - Amendment to Loan Facility
("EQTEC" or the "Company")
Amendment to Loan Facility
EQTEC has a number of significant near term opportunities and has therefore agreed to amend the Loan Facility in order to allow the Company to focus its financial resources on delivering projects within the pipeline in the near future.
On
The Company, in order to pursue its opportunities and targets, has agreed with the Lenders to further amend the terms of the Loan Facility so that repayment amounts due pursuant to the Loan Facility after
Payments of capital and interest due and outstanding under the Loan Facility on
"The ongoing support of the Lenders along with other key stakeholders is a testament to their confidence in EQTEC's ability to execute its growth strategy. We look forward to providing shareholders with further updates as we seek to strengthen our position in the market."
This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
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
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