REG - EQTEC PLC - Director Dealing and Exercise of Warrants

EQTECAnnouncement

29/11/2022 07:00

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RNS Number : 8355H  EQTEC PLC  29 November 2022

29 November 2022

EQTEC plc

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

Exercise of Warrants

Total Voting Rights

 

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 announces the exercise of
certain warrants to subscribe for new ordinary shares in the Company ("New
Ordinary Shares").

 

Exercise of warrants

 

Warrants over 19,696,881 New Ordinary Shares have been exercised by Mr. Thomas
Quigley who is a Non-Executive Director of the Company and considered to be a
person discharging managerial responsibilities for the purpose of the UK
Market Abuse Regulation. The gross proceeds of the exercise receivable by the
Company amount to £49,242.

 

Admission and Total Voting Rights

 

Application will be made to the London Stock Exchange for the 19,696,881 New
Ordinary Shares, to be issued and allotted as a result of the warrant exercise
set out above, to be admitted to trading on AIM ("Admission"). It is expected
that Admission will become effective, and dealings will commence on or
around 5(th) December 2022. The 19,696,881 New Ordinary Shares will
rank pari passu with the existing Ordinary Shares.

 

Following the exercise, the percentage holding of Mr Quigley will be as per
the table below:

 Director and PDMR   EQTEC plc Ordinary Shares issued pursuant to Warrant Exercise  Beneficial Holding Following Admission  Percentage of Ordinary Shares Following Admission
 Mr. Thomas Quigley  19,696,881                                                     54,751,035                              0.58%

 

Following Admission, there will be 9,421,479,093 Ordinary Shares in issue.
This number may be used by shareholders as the denominator for the calculation
by which they will determine if they are required to notify their interest in,
or a change in their interest in, the share capital of the Company.

 

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulation, provides further detail in respect of the transaction
as described above.

 

 1.  Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Thomas Quigley
 2.  Reason for the Notification
 a)  Position/status                                              Non-Executive Director
 b)  Initial notification/amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         EQTEC plc
 b)  LEI                                                          63540085VSYVDEINJO04
 4.  Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv)each place
     where transactions have been conducted
 a)  Description of the Financial instrument, type of instrument  Ordinary Shares of EUR0.001 each
     Identification code                                          IE00BH3XCL94
 b)  Nature of the Transaction                                    Exercise of warrants to subscribe for New Ordinary Shares
 c)  Price(s) and volume(s)                                       Price(s)    Volume(s)
                                                                  0.25 pence  19,696,881

 

 d)  Aggregated information                                       N/A (Single transaction - see above)

     Aggregated volume Price
 e)  Date of the transaction                                      25 November 2022
 f)  Place of the transaction                                     AIM (LSE)

 

 

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction - see above)

e)

Date of the transaction

25 November 2022

f)

Place of the transaction

AIM (LSE)

 

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.

 

ENQUIRIES

 EQTEC plc                                                         +44 203 883 7009
 David Palumbo / Nauman Babar

 Strand Hanson - Nomad & Financial Adviser                         +44 20 7409 3494
 James Harris / Richard Johnson

 Panmure Gordon - Joint Broker                                     +44 20 7614 5900
 John Prior / Harriette Johnson

 Canaccord Genuity - Joint Broker                                  +44 20 7523 8000
 Henry Fitzgerald-O'Connor / James Asensio / Patrick Dolaghan

 Alma PR - Financial Media & Investor Relations                    +44 20 3405 0205
 Josh Royston / Sam Modlin / Matthew Young                         EQTEC@almapr.co.uk (mailto:EQTEC@almapr.co.uk)

 Instinctif - General Media Enquiries                              +44 207 457 2381 / +44 788 788 4794
 Chris Speight / Tim Field                                         EQTEC@instinctif.com (mailto:EQTEC@instinctif.com)

 

 

About EQTEC plc

As one of the world's most experienced gasification technology and engineering
companies, with a growing track record of delivering operational and
commercial success for transforming waste-to-energy through best-in-class
technology innovation, engineering and project development, EQTEC brings
together design innovation, project delivery discipline and solid commercial
experience to add momentum to the global energy transition. 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, supplies and builds advanced gasification facilities in
the UK, EU and US, with highly efficient equipment that is modular and
scalable from 1MW to 30MW. EQTEC's versatile solutions process over 50
varieties of feedstock, including forestry wood waste, vegetation and other
agricultural waste from farmers, industrial waste and sludge from factories
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 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
(http://www.eqtec.com/) .

 

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