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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Eqtec Plc | LSE:EQT | London | Ordinary Share | IE000955MAJ1 | ORD EUR0.01 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.05 | 2.78% | 1.85 | 1.80 | 1.90 | 1.85 | 1.85 | 1.85 | 754,125 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electric Services | 7.97M | -10.53M | -0.0712 | -0.26 | 2.73M |
From Apr 2019 to Apr 2024
TIDMEQT
RNS Number : 7999N
EQTEC PLC
22 January 2019
22 January 2019
EQTEC plc
("EQTEC" or the "Company")
Notification of shareholdings
EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that it has received the following TR1 notifications from certain shareholders in the Company, which are included at the end of this announcement.
The Company sets out below further explanation to assist shareholders, based on the Company's understanding of the current shareholdings following receipt of the TR1s.
On 6 August 2018, the Company announced that it had issued 191,666,667 new ordinary shares of EUR0.001 in the Company ("Ordinary Shares" or "Shares") to Origen Capital LLP ("Origen") following Origen's investment of GBP1.15 million. The investment was made on behalf of a consortium of investors. On issue, the voting rights to these Shares rested with Origen and accordingly, the Company disclosed Origen as being interested in 10.71% of the Company's enlarged issued share capital at that time.
The Company, in the same announcement, provided details of 100,000,000 new Shares issued to Altair Group Investment Limited ("Altair") and 15,528,000 new Shares issued to Ecofinance (GLI) Limited ("Ecofinance") in relation to the capitalisation of interest payments into equity. As a result, the Company disclosed that Altair and Ecofinance were interested in 5.54% and 0.87% respectively of the Company's then enlarged issued share capital.
The Company has now been informed by Origen that the voting rights on the Shares issued to it on 6 August 2018 have been transferred to the consortium's underlying investors, resulting in the issue of the below TR1 forms. Of the 191,666,667 Shares issued to Origen, the Company has been notified through the TR1 forms that the beneficial interest and voting rights to 175,000,000 Shares, representing 9.71% of the Company's issued share capital, are now held by Mr Khalid Choksy, with Altair now holding the beneficial interest and voting rights of the remaining 16,666,667 Shares. As a result, the Company has been advised that Origen no longer holds any Shares.
Given the above, Altair has also provided a TR1 form, setting out that it is currently interested in 137,868,580 Shares, representing 7.64% of the Company's issued share capital, being 5,673,913 Shares issued to Altair in 2015, 100,000,000 Shares issued to it on 6 August 2018, the 16,666,667 Shares transferred to it from Origen as detailed above, and 15,528,000 Shares held by Ecofinance, which is ultimately controlled by Altair. Altair has included the Ecofinance shares as part of its disclosure due to the fact that Altair has the ultimate controlling interest in Ecofinance.
Set out below is a table of the Company' significant shareholders as far as it is aware, based on the Company's current issued share capital of 1,804,744,223 Shares.
Hot Features
Premium
Shareholder No. of Ordinary Shares % of issued share
capital
EBIOSS Energy SE 742,381,371 41.13%
----------------------- ------------------
Inava Ingenieria de
Análisis SL 250,159,360 13.86%
----------------------- ------------------
Khalid Choksy 175,000,000 9.70%
----------------------- ------------------
Altair Group Investment
Ltd. 137,868,580 7.64%
----------------------- ------------------
Mike Joseph 83,832,421 4.65%
----------------------- ------------------
Monecor (London) Limited 65,023,078 3.60%
----------------------- ------------------
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
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the EQTEC PLC
underlying issuer of existing shares
to which voting rights are attached:
---------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights
------------------
Other (please specify):
------------------
3. Details of person subject to the notification obligation
Name MOHAMMED KHALID YOUSUF CHOKSY
City and country of registered office
(if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
---------------------------------------------------------
City and country of registered office
(if applicable)
---------------------------------------------------------
5. Date on which the threshold was 18/01/2019
crossed or reached:
---------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 18/01/2019
---------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer
of 8. A) (total of 8.B
1 + 8.B 2)
----------------------- ------------------- ---------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 9.7 - 9.7 1,804,744,223
----------------------- ------------------- ---------------- ------------------
Position of 0 - -
previous notification
(if
applicable)
----------------------- ------------------- ---------------- ------------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
IE00BH3XCL94 175,000,000 9.7
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. A 175,000,000
------------------------------------------- ---------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. B 1
--------------------- ---------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date Conversion cash voting rights rights
instrument Period settlement
--------------------- --------------------- --------------- -----------------
SUBTOTAL 8.B.2
--------------- -----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary)
Name % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
------------------------------------- ------------------------ ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
--------------------------------------------------
The number and % of voting rights
held
--------------------------------------------------
The date until which the voting rights
will be held
--------------------------------------------------
11. Additional information
Place of completion Dubai, UAE
Date of completion 18/01/2019
-----------
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the EQTEC PLC
underlying issuer of existing shares
to which voting rights are attached:
---------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights
------------------
Other (please specify):
------------------
3. Details of person subject to the notification obligation
Name ALTAIR GROUP INVESTMENT LTD
City and country of registered office THE BRITISH VIRGIN ISLANDS
(if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
---------------------------------------------------------
City and country of registered office
(if applicable)
---------------------------------------------------------
5. Date on which the threshold was 18/01/2019
crossed or reached:
---------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 18/01/2019
---------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer
of 8. A) (total of 8.B
1 + 8.B 2)
----------------------- ------------------- ---------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 7.64 - 7.64 1,804,744,223
----------------------- ------------------- ---------------- ------------------
Position of 0 - -
previous notification
(if
applicable)
----------------------- ------------------- ---------------- ------------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
IE00BH3XCL94 137,868,580 - 7.64 -
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. A 137,868,580
------------------------------------------- ---------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date Conversion Period rights that may rights
instrument be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- ---------------------------------- ---------------------
SUBTOTAL 8. B 1
--------------------- ---------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date Conversion cash voting rights rights
instrument Period (xi) settlement
--------------------- --------------------- --------------- -----------------
SUBTOTAL 8.B.2
--------------- -----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity (please add additional
rows as necessary)
Name(xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
-------------------------------- ------------------------ ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
--------------------------------------------------
The number and % of voting rights
held
--------------------------------------------------
The date until which the voting rights
will be held
--------------------------------------------------
11. Additional information
Place of completion THE BRITISH VIRGIN ISLANDS
Date of completion 18/01/2019
---------------------------
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
HOLPGUAPGUPBGAP
(END) Dow Jones Newswires
January 22, 2019 10:28 ET (15:28 GMT)
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