EQTEC PLC Issue of Shares (7582P)

TIDMEQT

RNS Number : 7582P

EQTEC PLC

31 May 2018

31 May 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 GBP87,000 into 29,000,000 ordinary shares in the Company at a conversion price of 0.3p which is the same conversion price as the 33,333,333 ordinary shares being issued pursuant to the loan note conversion announced on 25 May 2018.

Upon issue, EBIOSS will hold 742,381,371 ordinary shares, comprising 50.06% 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 33,333,333 ordinary shares being issued pursuant to the loan note conversion and trading is expected to start on 5 June 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] 
 VSA Capital Limited - 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 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 [e-mail] or visit www.rns.com.

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May 31, 2018 02:00 ET (06:00 GMT)