REG - EQTEC PLC - Grant of Long-term Incentive Plan Options
27/04/2022 12:30
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RNS Number : 5619J EQTEC PLC 27 April 2022
27 April 2022
EQTEC plc
("EQTEC", the "Company" or the "Group")
Grant of Long-term Incentive Plan Options
EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling
the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and
other energy production, announces that its Board of Directors has awarded
options on 25 April 2022 over a total of 188,648,745 Ordinary Shares of
€0.001 each in the Company ("Ordinary Shares") under the EQTEC All Employee
Long-term Incentive Plan, launched in 2021 (the "Options") (the "LTIP").
Subject to vesting conditions of the LTIP, one-third of the Options shall vest
each year with a significant portion of Executive Remuneration linked to
performance of the Company. Pursuant to the terms of the LTIP, the Options are
exercisable at €0.001each, being the nominal value of an Ordinary Share.
Included within the total 188,648,745 options granted for 2022 are the
following to Directors and persons discharging managerial responsibilities
("PDMRs") of the Company as part of their annual remuneration and
incentivisation packages:
Director Number of Options Granted in 2022 under the LTIP
David Palumbo 33,750,000
Jeffrey Vander Linden 33,750,000
Nauman Babar 26,250,000
Yoel Alemán 22,115,888
The objective of the LTIP is to continue to progress individual and team
performance in line with Company performance, thereby creating value for
shareholders while minimising cash outlay. All Company Executive Directors and
employees are eligible to participate in the LTIP as part of a broader
all-company remuneration strategy and the scheme allows all employees to
participate in the long-term success of the Company.
ENQUIRIES
EQTEC plc +44 203 883 7009
David Palumbo / Nauman Babar
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
James Harris / James Dance
Arden Partners - Joint Broker +44 20 7614 5900
Paul Shackleton (Corporate) / Simon Johnson (Sales)
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 EQTEC@almapr.co.uk (mailto:EQTEC@almapr.co.uk)
BECG - General Media Enquiries +44 7554 014 188 / +44 7867 452 269
Carrie Lowe / Tom Gosschalk EQTEC@BECG.com (mailto:EQTEC@BECG.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 synthetic 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) .
PDMR Notification Form:
The notifications below are made in accordance with the requirements of UK
MAR:
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name David Palumbo
2. Reason for the Notification
a) Position/status CEO
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 N/A
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 EUR 0.001 each
Identification code
b) Nature of the Transaction Grant of LTIP options subject to vesting conditions
c) Price(s) and volume(s) Price(s) Volume(s)
1p 33,750,000
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
e) Date of the transaction 26 April 2022
f) Place of the transaction AIM (LSE)
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction
26 April 2022
f)
Place of the transaction
AIM (LSE)
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Jeffrey Vander Linden
2. Reason for the Notification
a) Position/status COO
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 N/A
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 EUR 0.001 each
Identification code
b) Nature of the Transaction Grant of LTIP options subject to vesting conditions
c) Price(s) and volume(s) Price(s) Volume(s)
1p 33,750,000
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
e) Date of the transaction 26 April 2022
f) Place of the transaction AIM (LSE)
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction
26 April 2022
f)
Place of the transaction
AIM (LSE)
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Nauman Babar
2. Reason for the Notification
a) Position/status CFO
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 N/A
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 EUR 0.001 each
Identification code
b) Nature of the Transaction Grant of LTIP options subject to vesting conditions
c) Price(s) and volume(s) Price(s) Volume(s)
1p 26,250,000
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
e) Date of the transaction 26 April 2022
f) Place of the transaction AIM (LSE)
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction
26 April 2022
f)
Place of the transaction
AIM (LSE)
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Dr. Yoel S. Alemán Méndez
2. Reason for the Notification
a) Position/status CTO
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 N/A
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 EUR 0.001 each
Identification code
b) Nature of the Transaction Grant of LTIP options subject to vesting conditions
c) Price(s) and volume(s) Price(s) Volume(s)
1p 22,115,888
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
e) Date of the transaction 26 April 2022
f) Place of the transaction AIM (LSE)
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction
26 April 2022
f)
Place of the transaction
AIM (LSE)
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