EQTEC PLC Loan Facility drawdown (9227A)

TIDMEQT

RNS Number : 9227A

EQTEC PLC

03 June 2019

3 June 2019

EQTEC plc

("EQTEC" or the "Company")

Loan Facility drawdown

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, today announces a GBP0.2 million drawdown under the GBP3.5 million loan facility with Altair Group Investment Limited ("the Loan Facility"). Further details on the Loan Facility were announced on 22 January 2019. A balance of GBP0.679 million remains available to be drawn down under the Loan Facility.

This drawdown will allow the Company to focus its resources on achieving contract execution and these funds will be used for working capital purposes in line with this objective.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

Enquiries

 
 EQTEC plc                             +353 (0)21 2409 056 
 Ian Price - Chief Executive 
  Officer 
  Gerry Madden - Finance Director 
 
   Strand Hanson - Nomad, Financial 
   Adviser & Broker                      +44 (0) 207 409 3494 
 James Harris/Richard Tulloch/Jack 
  Botros 
 IFC Advisory - Financial PR 
  & IR                                 +44 (0) 203 934 6630 
 Tim Metcalfe / Miles Nolan / 
  Zach Cohen

Notes to Editors

About EQTEC plc

EQTEC's business model involves sourcing and providing assistance in developing waste elimination projects to which it will ultimately sell its EQTEC Gasifier Technology ("EGT") and O&M services. EGT enables project developers to construct waste elimination plants and recover electrical and thermal energy from the waste streams.

EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and brings together the developers, the waste owners, the building contractors and funders. It then supplies the energy recovery technology and provides engineering services to the projects. Furthermore, EQTEC will provide O&M services to the operating projects generating recurring revenues over the life of the projects.

The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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