Eqtec Share Discussion Threads

[pyglet] 08/2/2017 09:26

This is just come back to the conversion rate - a bit of a waiting game now me thinks Hmmm

[cliveas] 07/2/2017 14:57

Spanish Press :

MADRID, 6 (SPAIN)

Ebioss has acquired 51% of the shares of React Energy Group after converting into equity a debt contracted by the Irish company of energy infrastructures, according to the Spanish company said in a statement.

The deal was completed on Monday after the React shareholders' meeting approved the conversion of Ebioss Energy's debt - € 5.1 million - into 78,210,000 new shares of the Irish firm.

The debt was contracted by React, through its subsidiary Newry Biomass, on the occasion of a purchase of gasification equipment formalized with Ebioss Energy on 31 December 2015 for the development of projects in Newry (Northern Ireland), where Ebioss develops the first of its plants in this market.

The conversion of the debt into shares will be made at a price of 5.53 pence, following the recommendation of the board of directors of React, agreed with Ebioss Energy. This transaction was to date conditioned by the approval of React's board of shareholders.

"A VEHICLE" LISTED IN LONDON

The transaction will materialize in the so-called RTO (reverse take over) mode and will be exempt from the obligation to launch a public tender offer for shares to all its shareholders.

In addition, the extraordinary general meeting of React, a company listed in London's alternative investment market AIM, has given the green light to the change of denomination of this company by Eqtec Plc.

This operation comes after Ebioss, a Spanish waste management company based in Sofia, Bulgaria, has signed several projects to develop gasification plants in the United Kingdom.

Its president, Oscar Leiva, has valued the purchase as "an accolade" to the company's "business development", believing that it will "accelerate its portfolio of gasification projects" in the UK, "through a vehicle quoted in This market ".

Ebioss Energy, a company dedicated to the design, construction and development of thermoelectric plants based on waste gasification, has worked with companies such as Electricité de France, GDF Suez (ENGIE), Repsol, Endesa, Técnicas Reunidas or Gas Natural, and suppliers such as Siemens General Electric.

[x54v] 07/2/2017 12:25

The other thing to remember is that the share price can move very quickly with this one and it can be very difficult to buy in any quantity when the price is moving sharply upwards.

Much better to to pick up a stake when there are other sellers around like this morning.

Also good to know that at least 51% of the shares are in sticky hands, meaning less free float around to buy.

[x54v] 07/2/2017 12:20

Price pulling back sharply this morning on little apparent volume.

People forgetting perhaps that it was only a few weeks ago that Ebioss were happy to take 51% of the company in shares at around this price, and were happy to buy such a huge number of shares at a significant premium at the time.

Clearly they were thinking that there's a lot of upside from this level.

Could be a good opportunity to snap up a bargain as other short termers sell out on boredom.

[troutisout] 07/2/2017 07:33

Data on these change of name stocks can take a while to be sorted, email ADVFN if you see anything, likewise the Company needs to do a lot of tidying up on their Eqtecplc.com website.

Bring on the Newry HoA completion on financial close!!!

[troutisout] 06/2/2017 15:50

Getting ready for tomorrow ;O)