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EQT Eqtec Plc

1.95
0.05 (2.63%)
18 Apr 2024 - Closed
Delayed by 15 minutes
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 2.63% 1.95 1.90 2.00 1.95 1.90 1.90 368,641 08:47:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 7.97M -10.53M -0.0712 -0.27 2.88M

EQTEC PLC Update on Initial Subscription

22/02/2024 8:09am

RNS Regulatory News


RNS Number : 0841E
EQTEC PLC
22 February 2024
 

22 February 2024

 

EQTEC plc

("EQTEC", the "Company" or the "Group")

 

Update on Initial Subscription

 

Further to its announcement of 13 February 2023, EQTEC plc (AIM: EQT), a global technology innovator powering distributed, decarbonised, new energy infrastructure through its waste-to-value solutions for hydrogen, biofuels, and energy generation, notifies that due to a delay in the processing of funds the Company and Verde Corporation have agreed an amendment to the Subscription Letter to allow for the proceeds of the Initial Subscription to be received by the Company on or prior to 28 February 2024 and Admission to be on or around 1 March 2024 (or such later time as the Company may determine, being not later than 5 March 2024). Verde have communicated to the Company that the payment of the £0.5 million Initial Subscription funds, are expected to be transferred to the Company imminently. Consequently, Admission of the Initial Subscription Shares, and the Conversion Shares, will be delayed.

 

A further update announcement will be made in due course.

 

Terms in this announcement have the same meaning as defined in the Company's announcement on the Subscription on 13 February 2023, unless otherwise stated.

 

 

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

 

ENQUIRIES 

 

EQTEC plc

David Palumbo / Jeffrey Vander Linden 

 

+44 20 3883 7009 

Strand Hanson - Nomad & Financial Adviser

James Harris / Richard Johnson 

 

+44 20 7409 3494 

Fortified Securities - Broker 

Guy Wheatley 

 

+44 20 3411 7773 

Global Investment Strategy UK Ltd - Broker 

Samantha Esqulant 

 

+44 20 7048 9045 

Panmure Gordon - Broker

Hugh Rich

 

+44 20 7886 2500 

  

About EQTEC

 

As one of the world's most experienced thermochemical conversion technology and engineering companies, EQTEC delivers waste management and new energy solutions through best-in-class innovation and infrastructure engineering and value-added services to owner-operators. EQTEC is one of only a few technology providers directly addressing the challenge of replacing fossil fuels for reliable, baseload energy. EQTEC's proven, proprietary and patented technology is at the centre of clean energy projects, sourcing local waste, championing local businesses, creating local jobs and supporting the transition to localised, decentralised and resilient energy systems.

 

EQTEC designs, specifies and delivers clean, syngas production solutions in the USA, EU and UK, with highly efficient equipment that is modular and scalable from 1MW to 30MW. EQTEC's versatile solutions process 60 varieties of feedstock, including forestry waste, agricultural waste, industrial waste and municipal waste, all with no hazardous or toxic emissions. EQTEC's solutions produce a pure, high-quality synthesis gas ("syngas") that can be used for the widest range of applications, including the generation of electricity and heat, production of renewable natural gas (through methanation) or biofuels (through Fischer-Tropsch, gas-to-liquid processing) and reforming of hydrogen.

 

EQTEC's technology integration capabilities enable the Group to lead collaborative ecosystems of qualified partners and to build sustainable waste reduction and green energy infrastructure around the world.

 

The Company is quoted on the London Stock Exchange's Alternative Investment Market (AIM) (ticker: EQT) and the London Stock Exchange has awarded EQTEC the Green Economy Mark, which recognises listed companies with 50% or more of revenues from environmental/green solutions.

 

Further information on the Company can be found at www.eqtec.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.

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