Exercise of Warrants

RNS Number : 5075Q
EQTEC PLC
19 June 2020
 

 

19 June 2020

 

EQTEC plc

("EQTEC", the "Company" or the "Group")

 

Exercise of Warrants

 

Total Voting Rights

 

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces the exercise of certain warrants to subscribe for new ordinary shares in the Company ("New Ordinary Shares").

 

Warrants over 14,400,000 New Ordinary Shares at a price of 0.25 pence per share together with warrants over 191,000,000 New Ordinary Shares at a price of 0.375 pence per share have been exercised. The aggregate gross proceeds of these exercises receivable by the Company amount to £752,250.

 

Admission and Total Voting Rights

 

The Company will make an application to the London Stock Exchange plc for the 205,400,000 New Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, to be admitted to trading on AIM ("Admission").  It is expected that Admission will become effective and dealings will commence on or around 26 June 2020.  The 205,400,000 New Ordinary Shares will rank pari passu with the existing Ordinary Shares.

 

Following Admission, there will be 4,229,776,247 Ordinary Shares in issue. This number may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

 

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 21 2409 056

David Palumbo / Gerry Madden

 

 

Strand Hanson - Nomad & Financial Adviser

+44 20 7409 3494

James Harris / James Dance / Jack Botros

 

 


Arden Partners - Joint Broker

Paul Shackleton (Corporate) / Fraser Marshall (Sales)

 

+44 207 614 5900

SI Capital Limited - Joint Broker

+44 1483 413 500 

Nick Emerson / Jon Levinson

 

 

IFC Advisory - Financial PR & IR

+44 20 3934 6630

Tim Metcalfe / Graham Herring / Zach Cohen

 

 

Notes to Editors

 

About EQTEC plc

 

EQTEC is a technology partner with proven proprietary patented technology for waste-to-value applications. 

 

EQTEC designs and supplies advanced gasification solutions that have a higher efficiency product offering and are modular and scalable from 2MW to 30MW. Of particular importance is the versatility of our solutions to process over 50 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics. Our solutions produce a uniquely pure high-quality synthesis gas (syngas), that is capable of being used for the widest applications in energy and biofuels.

 

Proprietary technology design together with deployment and maintenance capabilities mitigate the risks when using third party equipment.  Our Technology Integration capabilities enable us to lead collaborative ecosystems that build sustainable, waste elimination and green energy infrastructure.

 

The Company is quoted on AIM, bears the Green Economy Mark awarded by the London Stock Exchange and trades as EQT.  Further information on the Company can be found at www.eqtec.com .


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