REG - EQTEC PLC - Ultimate Beneficial Owner Notification

EQTECAnnouncement

06/10/2025 07:00

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RNS Number : 1681C  EQTEC PLC  06 October 2025

 

 

6 October 2025

EQTEC plc

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

 

Ultimate Beneficial Owner Notification

 

EQTEC plc (AIM:EQT), a leading licensor and innovator of syngas technology for
clean conversion of waste into sustainable energy and biofuels, has been
notified that Mr. Didier Casimiro is now the ultimate beneficial owner of
Compact WTL Tech Limited ("CWTL"), which has now changed its name by
resolution to Rebel Ion Limited ("Rebel Ion").  Mr Casimiro is therefore now
indirectly interested in 32.14% of the issued share capital of EQTEC through
Rebel Ion's shareholding in the Company.

The Company was notified that, on 3 October 2025 Mr, Casimiro executed a
transaction with CWTL which has resulted in him becoming the majority
shareholder in the now renamed CWTL holding 99.00% of its share capital.
CWTL, as announced on 10 April 2025, is also in the process of taking full
ownership of the Company's secured debt.

 

Didier Casimiro, a Belgian citizen resident in the United Arab Emirates, is a
seasoned energy executive with over 25 years of leadership at BP plc (LSE:BP),
TNK-BP and PJSC Rosneft Oil Company ("Rosneft"). He has directed global
operations in refining, petrochemicals, trading, logistics and corporate
finance, while leading multibillion dollar transactions. Rising to First Vice
President of Rosneft, he managed corporate treasury, strategy, risk and
investor relations, and engaged directly with governments, banks and
international institutions.

Mr Casimiro has been a strong advocate for the energy transition, driving
initiatives in carbon footprint management, carbon capture, efficiency and
renewables integration. Now as a significant strategic investor in EQTEC plc,
he combines deep Oil and Gas expertise, international networks and a proven
record of strategic execution, positioning him as a highly valuable partner in
supporting EQTEC's leadership in proprietary syngas and sustainable fuels
solutions.

Mr Casimiro was previously included on the sanctions list by the UK and US
Governments. Mr. Casimiro has advised the Company that his inclusion on the
sanction list by the US and UK Governments was removed on 28 July 2023 and 15
November 2024 respectively and he is therefore no longer sanctioned by either
the US or UK Government. The US and UK sanction position (which dates from 18
February 2020 and 2 August 2022 respectively) was due to his employment with
Rosneft. Mr. Casimiro does however remain subject to sanctions in Australia,
Canada and Ukraine. Having voluntarily resigned from Rosneft on May 12 2022,
he is in discussions with the relevant regulatory authorities with a view to
having the remaining sanctions lifted.

The Company has proactively initiated discussions with Mr Casimiro, involving
the existing placing option with Rebel Ion, the acquisition of its secured
debt and a possible appointment to the Board of EQTEC  and will provide
further updates as appropriate.

 

ENQUIRIES 

 

 EQTEC plc                                        +44 20 3883 7009 

 David Palumbo

  
 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 

  

 

About EQTEC

 

EQTEC is one of only a few circular economy technology providers able to
address the dual challenges of growing quantities of global waste and the
growing demand for energy and biofuels. EQTEC cleanly converts waste into a
range of valuable commodities that support new energy and industrial
infrastructure. With one of the world's most experienced thermochemical
conversion technology and engineering teams, EQTEC provides bespoke waste
management and new energy solutions through best-in-class innovation,
infrastructure engineering and value-added services for developers,
owner-operators and industrials.

 

EQTEC's end-to-end process solutions are in demand from around the world with
highly efficient equipment that is modular and scalable from three tonnes of
waste per hour. Its versatile solutions process dozens of varieties of
feedstock, including plastics, mixed municipal waste, industrial waste and
other non-recyclables, all with no hazardous or toxic emissions, producing a
wide range of valuable commodities including synthesis gas ("syngas")
electricity, heat and steam, synthetic natural gas, hydrogen, liquid fuels or
other chemicals.

 

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://eqtec.com) .

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