EQTEC PLC Loan Note Conversion Notice (3498P)

TIDMEQT

RNS Number : 3498P

EQTEC PLC

25 May 2018

25 May 2018

EQTEC plc

("EQTEC" or the "Company")

Loan Note Conversion Notice

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, received on 24 May 2018 a conversion notice pursuant to the Unsecured Loan Note Facility announced on 28 February 2018 for the principal amount of GBP100,000 to be converted at 0.3p per share into 33,333,333 new ordinary shares in the Company.

Upon issue, the new ordinary shares would comprise 2.29% of the enlarged issued share capital of the Company.

The Company has been notified by the Loan Note Investor that the current conversion took place to cover an existing open short position that the Investor had taken in the Company's shares and that it will allow sufficient time for the debt discussions noted in the announcement made by the Company dated 23 May to conclude, and during that period the Investor will not convert any further bonds or take any new short positions in the Company's share capital.

Application will be made for the admission to AIM of the new ordinary shares in accordance with the terms of the Loan Note agreement.

Enquiries

 
                                               [phone] 
 EQTEC plc                                      056 
 Luis Sanchez - Chief Executive Officer 
  Gerry Madden - Finance Director 
 
 Northland Capital Partners Limited - Nomad     [phone] 
  and Joint Broker                               6625 
 Tom Price / Dugald J. Carlean 
 
 SVS Securities Plc - Joint Broker             [phone] 
 Tom Curran / Ben Tadd 
 
 VSA Capital Limited - Joint Broker            [phone] 
 Andrew Monk / Andrew Raca 
 
 Luther Pendragon - Financial PR               [phone] 
 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 25, 2018 06:18 ET (10:18 GMT)