TIDMEQT
RNS Number : 7391M
EQTEC PLC
25 January 2021
25 January 2021
EQTEC plc
("EQTEC", the "Company" or the "Group")
Notice of Extraordinary General Meeting
EQTEC plc (AIM: EQT), a world leading gasification technology
solutions company for sustainable energy-from-waste projects,
announces that an Extraordinary General Meeting of the Company will
be held at the registered office of the Company at Building 1000,
Citygate, Mahon, Cork, Ireland on Wednesday, 17 February 2021 at
10.00 a.m. (the "EGM").
The business of the EGM will be to consider and, if thought fit,
approve certain resolutions (the "Resolutions") which are necessary
to effect a technical change as to how, and where, the electronic
settlement of trades in EQTEC's shares occurs. The need for this
technical change arises as a consequence of the United Kingdom's
departure from the European Union ("Brexit") and it will not alter
where EQTEC shares are quoted or traded. The change affects all
Irish companies whose securities are listed or quoted and traded on
the London Stock Exchange and/or Euronext Dublin.
Background to the EGM
Trades in EQTEC's shares on AIM are currently settled via the
CREST System, which is based in the UK. As a consequence of Brexit,
the settlement system for trading in the Company's shares needs to
move from CREST to Euroclear Bank in Belgium ("Migration").
Migration is expected to occur on 15 March 2021 as part of a
market-wide migration of all Irish securities.
Approval of the Resolutions is necessary to enable the Migration
of the Company's shares. There is no meaningful alternative to
Migration and failure to migrate would remove the Company's access
to electronic trade settlement. This would place the Company's
ability to retain admission of its shares to trading on AIM and,
importantly, a market for its ordinary shares, at material risk.
Therefore, the Board is recommending that all shareholders support
the Resolutions proposed at the EGM by voting in favour of them or
appointing a proxy to do so on their behalf. Details for how to
vote are set out below.
A circular which includes the Notice of the EGM (the "Circular")
and a Form of Proxy have been posted to shareholders today. The
Board strongly urges shareholders to review the contents of the
Circular in their entirety, including the documents referred to
therein, and consider the Board's recommendation to vote in favour
of the Resolutions.
The Circular, the Form of Proxy and copies of the documents
referred to in the Circular are available to view on the Company's
website at www.eqtec.com and will be available for inspection
during normal business hours on any business day from the date of
this announcement, until the EGM, at the registered office of the
Company. However, due to COVID-19 public health guidelines,
shareholders are strongly recommended to view the documents on the
Company's website.
Public Health Guidelines and the EGM
The wellbeing of stakeholders, in particular our shareholders,
colleagues and service providers, is a primary concern for the
Board. Due to the ongoing restrictions on gatherings and travel,
save for very limited purposes, under the regulations and the
guidance issued by the Government of Ireland and the Department of
Health in Ireland relating to COVID-19, the EGM will proceed under
very constrained circumstances. It is expected that the EGM will
only be able to proceed with the minimum number of shareholders
required to establish a quorum, i.e. that at least three persons
holding (or representing by proxy) at least one third in nominal
value of the total issued share capital of the Company are in
attendance.
Shareholders are therefore requested not to physically attend
the EGM but instead to appoint a proxy to ensure they can vote and
be represented without attending in person, and to ensure that
there is a sufficient quorum present (in person or by proxy) for
the EGM to validly proceed.
Voting
Proxy voting can be carried out in advance of the EGM by
choosing one of the following options:
-- by electronic means by accessing www.signalshares.com;
-- by returning a Form of Proxy by post; or
-- via the CREST System, where shares are held in CREST.
For further instructions on voting by proxy, shareholders should
refer to the Form of Proxy and the notes to the Notice of EGM.
Proxies must be received by no later than 10.00 a.m. on 15 February
2021.
If shareholders wish to listen live to the proceedings of the
EGM, the Company will be providing a webcast facility, further
details of which are set out in the Circular.
To facilitate secure webcast access to the EGM, the Company
requires shareholders to request access by email to
egm@eqtecplc.com, by close of business on 12 February 2021.
Shareholders will still need to submit their Form of Proxy by the
relevant deadline before the EGM as it will not be possible to vote
using the webcast facility.
Shareholders may submit questions in advance of the EGM in
writing by emailing questions to egm@eqtecplc.com no later than
10.00 a.m. on 15 February 2021. All correspondence should include
sufficient information to identify the shareholder on the Register
of Members.
All resolutions at the EGM will be decided on a poll and the
results will be published on the Company's website, www.eqtec.com,
and via the Regulatory News Service, as soon as possible after the
conclusion of the EGM.
Further information
The Company continues to monitor the impact of COVID-19 and any
relevant updates regarding the EGM, including any changes to the
arrangements outlined in the Circular, will be announced via the
Regulatory News Service and will be available on the Company's
website, www.eqtec.com .
In the event that it is not possible to hold the EGM either in
compliance with public health guidelines or applicable law or where
it is otherwise considered that proceeding with the EGM as planned
poses an unacceptable health and safety risk, the EGM may be
adjourned or postponed or relocated to a different time and/or
venue, in which case notification of such adjournment or
postponement or relocation will be given in accordance with
applicable law.
ENQUIRIES
EQTEC plc +353 21 2409 056
David Palumbo / Gerry Madden
------------------------------
Strand Hanson - Nomad & Financial Adviser +44 20 7409 3494
------------------------------
James Harris / James Dance / Jack Botros
------------------------------
Arden Partners - Broker +44 20 7614 5900
------------------------------
Paul Shackleton (Corporate) / Simon Johnson
(Sales)
------------------------------
Maitland/AMO - Communications & PR/IR adviser +44 20 7379 5151
------------------------------
James Benjamin / Rhys Jones EQTEC-maitland@maitland.co.uk
------------------------------
About EQTEC plc
EQTEC is a world leading advanced gasification technology
partner with proven proprietary patented technology for sustainable
waste - to -value applications.
EQTEC designs and supplies advanced gasification solutions that
have a higher efficiency product offering and are modular and
scalable from 1MW to 25MW. EQTEC's versatile solutions are
independently proven to process over 50 different types of
feedstock, including municipal waste, agricultural waste, biomass
and plastics with no hazardous waste or toxic emissions . EQTEC's
solutions produce a uniquely pure high-quality synthesis gas
(syngas), that is capable of being used for the widest applications
in the creation of energy , hydrogen and biofuels .
EQTEC's proprietary technology design together with deployment
and maintenance capabilities mitigate the risks when using third
party equipment. EQTEC's Technology Integration capabilities enable
the Group to lead collaborative ecosystems that build sustainable,
waste elimination and green energy infrastructure.
The Company is quoted on AIM (ticker: EQT) and the London Stock
Exchange awarded EQTEC the Green Economy Mark that 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
.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCDKPBKFBKKADB
(END) Dow Jones Newswires
January 25, 2021 03:09 ET (08:09 GMT)
Eqtec (LSE:EQT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eqtec (LSE:EQT)
Historical Stock Chart
From Jul 2023 to Jul 2024