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Share Name Share Symbol Market Type Share ISIN Share Description
Eqtec LSE:EQT London Ordinary Share IE00BH3XCL94 ORD EUR0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.55p +46.61% 1.73p 1.70p 1.76p 1.835p 1.165p 1.205p 124,322,398 16:27:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electricity 0.0 -1.6 -0.0 - 31.22

EQTEC PLC Financing facility drawdown

14/12/2018 7:01am

UK Regulatory (RNS & others)


Eqtec (LSE:EQT)
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2 Months : From Nov 2018 to Jan 2019

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TIDMEQT

RNS Number : 4602K

EQTEC PLC

14 December 2018

14 December 2018

EQTEC plc

("EQTEC" or the "Company")

Financing facility drawdown

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that the Company has drawn down a third tranche amounting to US$864,000 under the US$10 million financing facility provided by Cuart Investments Fund and associates further details of which were announced by the Company on 27 September 2018 and 5 July 2018. The total amount drawdown to date under the financing facility amounts to US$3,328,000 (approximately GBP2.6 million).

The proceeds of the drawdown will be used to further develop the Company's existing project portfolio, to avail of possible investment opportunities and for general working capital.

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 
 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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 14, 2018 02:01 ET (07:01 GMT)

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