Notification of shareholdings

RNS Number : 7999N
EQTEC PLC
22 January 2019
 

22 January 2019

 

EQTEC plc

 

("EQTEC" or the "Company")

 

Notification of shareholdings

 

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that it has received the following TR1 notifications from certain shareholders in the Company, which are included at the end of this announcement.

 

The Company sets out below further explanation to assist shareholders, based on the Company's understanding of the current shareholdings following receipt of the TR1s.

 

On 6 August 2018, the Company announced that it had issued 191,666,667 new ordinary shares of €0.001 in the Company ("Ordinary Shares" or "Shares") to Origen Capital LLP ("Origen") following Origen's investment of £1.15 million. The investment was made on behalf of a consortium of investors.  On issue, the voting rights to these Shares rested with Origen and accordingly, the Company disclosed Origen as being interested in 10.71% of the Company's enlarged issued share capital at that time.

 

The Company, in the same announcement, provided details of 100,000,000 new Shares issued to Altair Group Investment Limited ("Altair") and 15,528,000 new Shares issued to Ecofinance (GLI) Limited ("Ecofinance") in relation to the capitalisation of interest payments into equity. As a result, the Company disclosed that Altair and Ecofinance were interested in 5.54% and 0.87% respectively of the Company's then enlarged issued share capital.

 

The Company has now been informed by Origen that the voting rights on the Shares issued to it on 6 August 2018 have been transferred to the consortium's underlying investors, resulting in the issue of the below TR1 forms. Of the 191,666,667 Shares issued to Origen, the Company has been notified through the TR1 forms that the beneficial interest and voting rights to 175,000,000 Shares, representing 9.71% of the Company's issued share capital, are now held by Mr Khalid Choksy, with Altair now holding the beneficial interest and voting rights of the remaining 16,666,667 Shares.  As a result, the Company has been advised that Origen no longer holds any Shares.  

 

Given the above, Altair has also provided a TR1 form, setting out that it is currently interested in 137,868,580 Shares, representing 7.64% of the Company's issued share capital, being 5,673,913 Shares issued to Altair in 2015, 100,000,000 Shares issued to it on 6 August 2018, the 16,666,667 Shares transferred to it from Origen as detailed above, and 15,528,000 Shares held by Ecofinance, which is ultimately controlled by Altair. Altair has included the Ecofinance shares as part of its disclosure due to the fact that Altair has the ultimate controlling interest in Ecofinance.

 

Set out below is a table of the Company' significant shareholders as far as it is aware, based on the Company's current issued share capital of 1,804,744,223 Shares.

 

Shareholder

No. of Ordinary Shares

% of issued share capital

EBIOSS Energy SE

742,381,371

41.13%

Inava Ingenieria de Análisis SL

250,159,360

13.86%

Khalid Choksy

175,000,000

9.70%

Altair Group Investment Ltd.

137,868,580

7.64%

Mike Joseph

83,832,421

4.65%

Monecor (London) Limited

65,023,078

3.60%

 

 

Enquiries

 

EQTEC plc

+353 (0)21 2409 056

Ian Price - Chief Executive Officer

Gerry Madden - Finance Director

 

 

 

Northland Capital Partners Limited - Nomad and Broker

+44 (0)20 3861 6625

David Hignell / Dugald J. Carlean

 

 

 

Luther Pendragon - Financial PR

+44 (0)20 7618 9100

Harry Chathli / Alexis Gore / Joe Quinlan

 

 

 

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

 

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

EQTEC PLC

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify):

 

3. Details of person subject to the notification obligation

Name

MOHAMMED KHALID YOUSUF CHOKSY

City and country of registered office (if applicable)

 

4. Full name of shareholder(s) (if different from 3.)

Name

 

City and country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached:

18/01/2019

6. Date on which issuer notified (DD/MM/YYYY):

18/01/2019

7. Total positions of person(s) subject to the notification obligation

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

9.7

-

9.7

 1,804,744,223

Position of previous notification (if

applicable)

0

-

-

 

             

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

IE00BH3XCL94

 

175,000,000

 

9.7

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

175,000,000

 

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date

Exercise/
Conversion Period

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

 

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date

Exercise/
Conversion Period

Physical or cash

settlement

Number of voting rights

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8.B.2

 

 

 

 

 

                   

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
(please add additional rows as necessary)

 

Name

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

 

11. Additional information

 

         

Place of completion

Dubai, UAE

Date of completion

18/01/2019

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

EQTEC PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

X

An acquisition or disposal of financial instruments

 

An event changing the breakdown of voting rights

 

Other (please specify):

 

3. Details of person subject to the notification obligation

Name

ALTAIR GROUP INVESTMENT LTD

City and country of registered office (if applicable)

THE BRITISH VIRGIN ISLANDS

4. Full name of shareholder(s) (if different from 3.)

Name

 

City and country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached:

18/01/2019

6. Date on which issuer notified (DD/MM/YYYY):

18/01/2019

7. Total positions of person(s) subject to the notification obligation

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

7.64

-

7.64

 1,804,744,223

Position of previous notification (if

applicable)

0

-

-

 

             

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rights

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

IE00BH3XCL94

 

137,868,580

-

7.64

-

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. A

137,868,580

 

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date

Exercise/
Conversion Period

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

 

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date

Exercise/
Conversion Period
xi

Physical or cash

settlement

Number of voting rights

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8.B.2

 

 

 

 

 

                   

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entity
(please add additional rows as necessary)

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

 

11. Additional information

 

         

Place of completion

THE BRITISH VIRGIN ISLANDS

Date of completion

18/01/2019

 

 

 


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