REG - EQTEC PLC - Results of EGM

EQTECAnnouncement

18/12/2023 13:30

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RNS Number : 1766X  EQTEC PLC  18 December 2023

18 December 2023

 

EQTEC plc

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

 

Results of Extraordinary General Meeting, Capital Reorganisation and Share
Consolidation

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 is pleased to announce that at
the Company's Extraordinary General Meeting, held earlier today, all
resolutions put to the meeting were duly passed approving, inter alia, the
Capital Reorganisation and Share Consolidation, as detailed in the Circular
published and posted to Shareholders on 24 November 2023.

 

Pursuant to the Capital Reorganisation and Share Consolidation, the Company's
existing 14,783,204,492 ordinary shares of €0.001 each will be consolidated
into 147,832,044 ordinary shares of €0.01 each in issue, being the
Consolidated Ordinary Shares. The ISIN and SEDOL code of the Consolidated
Ordinary Shares will be IE000955MAJ1 and BLF9HQ3, respectively.

 

No new share certificates representing the Consolidated Ordinary Shares will
be sent to Shareholders who hold Existing Ordinary Shares in certificated
form. Accordingly, share certificates for the Existing Ordinary Shares will
remain valid, and will only be replaced by share certificates for Consolidated
Ordinary Shares when the old share certificates are surrendered for
cancellation following the transfer, transmission or other disposal of
Consolidated Ordinary Shares.

 

Admission of the Consolidated Ordinary Shares to trading on AIM

Application has been made to the London Stock Exchange plc for the admission
to trading on AIM of the Consolidated Ordinary Shares, which is expected to
become effective and dealings commence at 8.00 a.m. on or around 21 December
2023 (the "Consolidation Admission").

 

Total Voting Rights

Following the Consolidation Admission, the Company's issued share capital will
consist of 147,832,044 Consolidated Ordinary Shares each with one voting
right. The Company holds no Ordinary Shares in Treasury. 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 under the FCA's Disclosure
Guidance and Transparency Rules.

 

Unless otherwise defined, capitalised terms used in this announcement have the
same meanings as ascribed to them in the Company's announcement dated 24
November 2023.

 

 

ENQUIRIES

 

 EQTEC plc                                      +44 20 3883 7009

 David Palumbo / Jeffrey Vander Linden

 Strand Hanson - Nomad & Financial Adviser      +44 20 7409 3494

 James Harris / Richard Johnson

 Global Investment Strategy UK Ltd - Broker     +44 20 7048 9045

 Samantha Esqulant

 Fortified Securities - Broker                  +44 20 3411 7773

 Guy Wheatley

 Panmure Gordon - Broker                        +44 20 7886 2500

 John Prior / Hugh Rich

 

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
(http://www.eqtec.com/) .

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