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EQTEC PLC - Issue of Shares to a Service Provider

RNS Number : 2687Z
EQTEC PLC
16 May 2019
 

16 May 2019

 

EQTEC plc

 

("EQTEC" or the "Company")

 

Issue of Shares to a Service Provider

 

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that the Company has issued and allotted 2,777,777 Ordinary Shares to a service provider as consideration for services rendered.

 

Application will be made for the admission to AIM of these 2,777,777 new ordinary shares and trading is expected to start on 22 May 2019.

 

Following admission, the Company will have a total of 1,970,549,158 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

Enquiries

 

EQTEC plc

+353 (0)21 2409 056

Ian Price - Chief Executive Officer

Gerry Madden - Finance Director

 

 

Strand Hanson - Nomad, Financial Adviser & Broker

+44 (0) 207 409 3494

James Harris/Richard Tulloch/Jack Botros

 

 

IFC Advisory - Financial PR & IR

+44 (0) 203 934 6630

Tim Metcalfe / Miles Nolan / Zach Cohen

 

 

Notes to Editors

 

About EQTEC plc

 

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.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: EQTEC PLC

Price: 0.465

Market: AIM
Market Cap: £18.78 m
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