EQTEC PLC Issue of Shares (1528M)

TIDMEQT

RNS Number : 1528M

EQTEC PLC

26 April 2018

26 April 2018

EQTEC plc

("EQTEC" or the "Company")

Issue of Shares

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, has agreed with EBIOSS Energy SE ("EBIOSS"), its major shareholder, to convert a receivable owned by EBIOSS in the amount of GBP147,900 into 36,975,000 ordinary shares in the Company at a conversion price of 0.4p.

Upon issue, EBIOSS will hold 713,381,371 ordinary shares, comprising 50.22% of the enlarged issued share capital of the Company.

Application will be made for the admission to AIM of these new ordinary shares, together with the 37,500,000 ordinary shares being issued pursuant to the loan note conversion announced on 19 April 2018 and trading is expected to start on 1 May 2018.

Enquiries

 
                                       [phone] 
 EQTEC plc                              056 
 Luis Sanchez - Chief Executive 
  Officer 
  Gerry Madden - Finance Director 
 
 Northland Capital Partners Limited    [phone] 
  - Nomad and Joint Broker              6625 
 Tom Price / Dugald J. Carlean 
 
                                       [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 
 

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 26, 2018 02:00 ET (06:00 GMT)