EQTEC PLC Update on Acquisition (8521Z)

TIDMEQT

RNS Number : 8521Z

EQTEC PLC

19 December 2017

Prior to its publication, certain information in this announcement was deemed to constitute inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

19 December 2017

EQTEC plc

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

Update on Acquisition

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that due to unforeseen logistical issues with one of the Vendors, the parties will not be in a position to appear before a notary in Barcelona in order to ratify and complete the transfer of the shares in Eqtec Iberia SL on Thursday 21 December 2017 as originally expected.

Accordingly, the parties have agreed to delay completion of the Acquisition and the Company advises that Admission will not take place on 21 December 2017 as planned. The Company has received confirmation from the Vendor that completion of the Acquisition will take place by 29 December 2017 and the Company will update the market in due course as to the revised date for Admission. However, both the Extraordinary General Meeting and the Annual General Meeting will take place as planned tomorrow.

Capitalised terms used in this announcement bear the meaning given to them in the Company's admission document dated 27 November 2017.

Enquiries

 
                                       +353 (0)21 2409 
 EQTEC plc                              056 
 Gerry Madden/Brendan Halpin 
 
 Northland Capital Partners Limited    +44 (0)20 3861 
  - Nomad and Joint Broker              6625 
 Tom Price / Dugald J. Carlean 
 
                                       +44 (0) 20 3700 
 SVS Securities Plc - Joint Broker      0093 
 Tom Curran / Ben Tadd 
 
 VSA Capital Limited - Financial       +44 (0)20 3005 
  Adviser and Joint Broker              5000 
 Andrew Monk / Andrew Raca 
 
                                       +44 (0)20 7618 
 Luther Pendragon - Financial PR        9100 
 Harry Chathli / Alexis Gore / Ana 
  Ribeiro

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 19, 2017 12:38 ET (17:38 GMT)

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