Update on Acquisition and Date of Admission

RNS Number : 2111A
EQTEC PLC
22 December 2017
 

 

22 December 2017

 

EQTEC plc

("EQTEC" or the "Company")

 

 

Update on Acquisition and Date of Admission

 

 

Further to the announcement of 19 December 2017, EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that Admission, being the final condition to completion of the Acquisition and the Placing, will take place at 8.00 a.m. on 28 December 2017.    

 

The table below shows a breakdown of the Placing Shares, Consideration Shares, and Ordinary Shares to be issued on Admission pursuant to a convertible loan agreement (the "Conversion Shares") (collectively "the New Shares").

 

 

Placing Shares

246,153,847

Consideration Shares

833,864,531

Conversion Shares

80,769,231



Total

1,160,787,609

 

Accordingly application has been made for admission of the New Shares to trading on AIM. Admission of the 1,160,787,609 New Shares will take place on 28 December 2017.  

 

Following the issue of the Consideration Shares to the Vendors, EBIOSS will be interested in 676,406,371 Ordinary Shares and Inava will be interested in 250,159,360 Ordinary Shares being 50.25% and 18.58% respectively of the Enlarged Share Capital.

 

Following Admission, the Company will have 1,346,090,838 Ordinary Shares of €0.001 in issue. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 1,346,090,838 and 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Capitalised terms used in this announcement bear the meaning given to them in the Company's admission document dated 27 November 2017.

 

 

Enquiries

 

EQTEC plc

+353 (0)21 2409 056

Gerry Madden/Brendan Halpin




Northland Capital Partners Limited - Nomad and Joint Broker

+44 (0)20 3861 6625

Tom Price / Dugald J. Carlean




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


 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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