Directorate Changes

RNS Number : 3978A
EQTEC PLC
28 December 2017
 

28 December 2017

 

EQTEC plc

 

("EQTEC" or the "Company")

 

Directorate Changes

 

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces the following Directorate changes following the completion of the acquisition of Eqtec Iberia SL, an engineering company specialising in the design, construction, operation and maintenance of power plants.

 

Luis Sánchez Angrill has been appointed Chief Executive Officer and Michael Gerard Madden will assume the role of Finance Director. Ian Phares Pearson has been appointed non-executive Chairman, and Neil Christopher O'Brien and Óscar Leiva Mendez have been appointed as non-executive Directors. Dermot O'Connell has retired as Director and Non-Executive Chairman of the Company and Brendan Halpin has retired as Director and Company Secretary of the Company. 

 

Newly Appointed Director Biographies

 

Ian Pearson - Non-Executive Chairman, 58

 

Ian was for five years the chairman of AIM listed OVCT2, a company which invested in a variety of renewal energy companies and was successfully merged into Apollo VCT plc last year. He is currently a Non-Executive Director of Thames Water Utilities Limited, the UK's biggest water company with 15 million customers, and is Chairman of CODE Investing Ltd. He is also a senior adviser to BAI Communications plc and has previously been a member of the UK Advisory Board of the accountants, PwC. During a distinguished Ministerial career from 2001-10 Ian Pearson held a number of positions, including Minister for Trade & Foreign Affairs, Minister of State for Climate Change and the Environment, Minister for Science, and Economic Secretary to the Treasury. He graduated from Balliol College, Oxford and has a Master's degree and a Doctorate in Industrial and Business Studies from the University of Warwick.

 

Neil O'Brien - Non-Executive Director, 54

 

Neil O'Brien is an experienced manager and director in the UK energy sector holding a number of non-executive roles in both listed and private equity backed businesses. Prior to taking on non-executive positions, Neil was CEO at the UK listed independent power producer, Alkane Energy, where Neil oversaw expansion in its core coal mine methane business and expansion into the UK power response market. Neil qualified as a chartered accountant at Coopers & Lybrand and held a number of finance roles including senior positions in both Blue Circle Cement European Heating Division and in CAMAS plc before becoming Finance Director with Speedy Hire PLC.

 

Óscar Leiva - Non-Executive Director, 43

 

Óscar Leiva is currently the President and founder of EBIOSS, a technology group operating in the waste sector, and listed on the Spanish Stock Exchange. The group has during the last ten years invested in new technologies and companies that allow municipalities to solve their waste problem using smart waste collection and waste elimination technologies provided by EBIOSS. He studied a Bachelor's degree in Management and Master's degree in Financial Markets at the University of Barcelona. Oscar has held executive positions in private banking in different financial entities such as Credit Suisse Group and Banco Finantia. His international experience also comes from his role as Vice President of the Marina D'Or Group, a real estate developer and property company.

 

Luis Sanchez - Chief Executive Officer, 51

 

Luis qualified as a power engineer at the Polytechnic University of Catalonia (Barcelona-Spain). Luis began his professional career at Sulzer Infra (now ENGIE) as HVAC ("Heating, Ventilation and Air Conditioning") and CHP Project developer. He has had several executive and management positions in the energy business until he founded Eqtec Iberia in 1997, starting a thermo-gasification R&D programme which is the origin of the unique Eqtec Gasifier Technology, patented by Eqtec Iberia. In 2012 he was one of the founders of EBIOSS and became its CEO. EBIOSS is a holding company developing biomass and waste power plants, listed on the Spanish Stock Exchange since July 2013.

 

The newly appointed Directors are currently or have been a director of the following companies within the previous five years:

 

Director

Current Directorships/Partnerships

Past Directorships/Partnerships

Ian Pearson

Thames Water Utilities Limited

Code Investing Limited

IPP Associates Limited

 

Octopus VCT 2 PLC (Dissolved)

Apollo VCT PLC

 

Neil O'Brien

RedT Energy plc.

Mercia Power Limited

South Gables Limited

Alkane Energy Limited

Egdon Resources plc

Eastern Pegasus Limited (dissolved)

Seven Star Natural Gas Limited

Coalgas (CYMRU) Limited (dissolved)

Alkane Services Limited

Coalgas (Europe) Limited (dissolved)

Leven Power Limited

Alkane Biogas Limited

Rhymney Power Limited

MW Renewables Limited

Regent Park Energy Limited

Darent Power Limited

Alkane Energy UK Limited

 

Luis Sanchez

Inava Ingenieria de Analisis SL

Sofia Biomass EOOD

Eqtec Iberia

EBIOSS

Eqtec Bulgaria

Energotec Eco AD

Syngas Italy SRL

 

Eqtec Energy SL (liquidated)

Conecta2 Energia SL

Óscar Leiva

Biomass Gorno EOOD

Energotec Eco AD

Smolyan Biomass EOOD

Plovdiv Biomass EOOD

Luxur Biomass OOD

Luxur Energies EAD

Epsion Resorts EAD

Heat Biomass EOOD

Leife EOOD

EBIOSS

Karlovo Biomass EOOD

United Biomass EOOD

Nova Zagora Biomass EOOD

Bul Biomass OOD

Tvardica Biomass EOOD

Brila EOOD

Elektra Holding Ad

Luxur PV OOD

Eko EI Invest EOOD

Bul PV OOD

Eqtec Iberia

Eqtec Bulgaria

Biomass Distribution EOOD

Tvardica PV EOOD

TNL World EOOD

Southeimer SL

WIT SGPD (former TNL SGPS)

Titan Power OOD

Sistema Global de Acceso SL

Eurobolsa Asesores Financieros SA

TNL Sociedade Equipamentos e

Sistemas SA

Hotel Capital Investment SL

Aquria Capital Group SL

Conecta2 Energia SL

Eqtec Energy SL (liquidated)

 

There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM rules.

 

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

 

EQTEC plc

+353 (0)21 2409 056

Luis Sanchez - Chief Executive Officer

Gerry Madden - Finance Director

 

 

 

Northland Capital Partners Limited - Nomad and Joint Broker

+44 (0)20 3861 6625

Dugald J. Carlean / Tom Price

 

 

 

SVS Securities Plc - Joint Broker

+44 (0)20 3700 0093

Tom Curran / Ben Tadd

 

 

 

VSA Capital Limited - Financial Adviser and Joint Broker

+44 (0)20 3005 5000

Andrew Monk / Andrew Raca

 

 

 

Luther Pendragon - Financial PR

+44 (0)20 7618 9100

Harry Chathli / Alexis Gore / Ana Ribeiro

 

 

Notes to Editors

 

About EQTEC plc

 

EQTEC's business model will involve 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 converting the waste into electrical and thermal energy. The high energy efficiency also provides project developers with a competitive advantage allowing them to quote more competitive gate fees for the waste supply.

 

EQTEC will source projects that have a local supply of waste in need of conversion. It will build relationships and bring together the developers, the waste owners, the building contractors and funders and provide the technology and engineering services to the projects. Furthermore, the Enlarged Group 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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