EQTEC PLC Directorate Changes (3978A)

TIDMEQT

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               Octopus VCT 2 PLC (Dissolved) 
                 Limited                              Apollo VCT PLC 
                 Code Investing 
                 Limited 
                 IPP Associates 
                 Limited 
 Neil O'Brien   RedT Energy plc.                     Alkane Energy Limited 
                 Mercia Power Limited                 Egdon Resources plc 
                 South Gables Limited                 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                     Eqtec Energy SL (liquidated) 
                 de Analisis SL                       Conecta2 Energia SL 
                 Sofia Biomass 
                 EOOD 
                 Eqtec Iberia 
                 EBIOSS 
                 Eqtec Bulgaria 
                 Energotec Eco 
                 AD 
                 Syngas Italy SRL 
 Óscar     Biomass Gorno                        Conecta2 Energia SL 
  Leiva          EOOD                                 Eqtec Energy SL (liquidated) 
                 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 
 

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

 
                                           [phone] 
 EQTEC plc                                  056 
 Luis Sanchez - Chief Executive Officer 
  Gerry Madden - Finance Director 
 
 Northland Capital Partners Limited        [phone] 
  - Nomad and Joint Broker                  6625 
 Dugald J. Carlean / Tom Price 
 
                                           [phone] 
 SVS Securities Plc - Joint Broker          0093 
 Tom Curran / Ben Tadd 
 
 VSA Capital Limited - Financial           [phone] 
  Adviser and Joint Broker                  5000 
 Andrew Monk / Andrew Raca 
 
                                           [phone] 
 Luther Pendragon - Financial PR            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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 28, 2017 02:01 ET (07:01 GMT)