ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

EQT Eqtec Plc

1.70
-0.18 (-9.57%)
24 May 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
  -0.18 -9.57% 1.70 1.65 1.75 2.025 1.65 1.80 11,370,812 16:13:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Electric Services 7.97M -10.53M -0.0712 -0.24 2.51M

EQTEC PLC Update on Initial Subscription

29/02/2024 7:17am

RNS Regulatory News


RNS Number : 9369E
EQTEC PLC
29 February 2024
 

29 February 2024

 

EQTEC plc

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

 

Update on Initial Subscription

 

Further to its announcements of 13 February 2024 and 22 February 2024, 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 an ongoing administrative delay in routing funds through Verde Corporation, the newly formed entity for the purpose of the transaction, the Company and Verde Corporation have agreed a further amendment to the Subscription Letter to allow for the proceeds of the Initial Subscription to be received by the Company on or prior to 8 March 2024 and Admission to be on or around 15 March 2024 (or such later time as the Company may determine, being not later than 20 March 2024). Verde Group have provided to the Company confirmation of the £0.5 million Initial Subscription funds being transferred into the newly formed entity's account, for subsequent transfer to the Company in line with the above timetable. Accordingly, 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 2024, 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UPDTLMRTMTBTMFI

1 Year Eqtec Chart

1 Year Eqtec Chart

1 Month Eqtec Chart

1 Month Eqtec Chart

Your Recent History

Delayed Upgrade Clock