EQTEC PLC Update on Acquisition and Date of Admission (2111A)
December 22 2017 - 5:06AM
UK Regulatory
TIDMEQT
RNS Number : 2111A
EQTEC PLC
22 December 2017
22 December 2017
EQTEC plc
("EQTEC" or the "Company")
Update on Acquisition and Date of Admission
Further to the announcement of 19 December 2017, EQTEC plc (AIM:
EQT), the technology solution company for waste gasification to
energy projects, announces that Admission, being the final
condition to completion of the Acquisition and the Placing, will
take place at 8.00 a.m. on 28 December 2017.
The table below shows a breakdown of the Placing Shares,
Consideration Shares, and Ordinary Shares to be issued on Admission
pursuant to a convertible loan agreement (the "Conversion Shares")
(collectively "the New Shares").
Placing Shares 246,153,847
Consideration Shares 833,864,531
Conversion Shares 80,769,231
Total 1,160,787,609
Accordingly application has been made for admission of the New
Shares to trading on AIM. Admission of the 1,160,787,609 New Shares
will take place on 28 December 2017.
Following the issue of the Consideration Shares to the Vendors,
EBIOSS will be interested in 676,406,371 Ordinary Shares and Inava
will be interested in 250,159,360 Ordinary Shares being 50.25% and
18.58% respectively of the Enlarged Share Capital.
Following Admission, the Company will have 1,346,090,838
Ordinary Shares of EUR0.001 in issue. The Company does not hold any
Ordinary Shares in treasury. Therefore, the total number of voting
rights in the Company is 1,346,090,838 and this figure may be used
by Shareholders as the denominator for the calculations 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.
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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