EQTEC PLC Directors' Dealings (0846O)
February 05 2021 - 2:00AM
UK Regulatory
TIDMEQT
RNS Number : 0846O
EQTEC PLC
05 February 2021
5 February 2021
EQTEC plc
("EQTEC", the "Company" or the "Group")
Directors' Dealings
EQTEC plc (AIM: EQT), a world leading gasification technology
solutions company for sustainable waste-to-energy projects,
announces that it was notified on 4 February 2021 of the following
director dealings.
Mr Thomas Quigley, Non-Executive Director of the Company,
purchased 5,200,000 ordinary shares of 0.001 Euro each ("Shares")
at 1.91 pence per share. Mr Quigley now holds a total of 33,054,154
Shares, representing 0.47 per cent. of the Company's issued share
capital.
Mr Gerry Madden, Executive Director of the Company, sold
25,000,000 Shares at 1.91 pence per Share. Mr Madden now holds a
total of 510,038 Ordinary Shares, representing 0.01 per cent. of
the Company's issued share capital. In addition, Mr Madden is
interested in, in aggregate, 224,879,591 options and warrants to
subscribe for Shares in the Company.
This share sale by Mr Madden is the first sale of any of Mr
Madden's equity in the Company since joining the Company in 2008,
and the majority of the Shares sold were issued to him by the
Company as a result of various salary sacrifice programmes
undertaken by the Company. The proceeds of the share sale will
primarily be used by Mr Madden to satisfy taxation and other
liabilities arising from a number of salary sacrifice programmes
initiated by the Company.
This announcement contains inside information as defined in
Article 7 of the EU Market Abuse Regulation No 596/2014 as it forms
part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("UK MAR") and has been announced in
accordance with the Company's obligations under Article 17 of UK
MAR.
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
PDMR Notification Form :
The notifications below are made in accordance with the
requirements of UK MAR:
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Thomas Quigley
-------------------------------- ----------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------------- ----------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name EQTEC plc
-------------------------------- ----------------------------------
b) LEI 63540085VSYVDEINJO04
-------------------------------- ----------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv)each place where transactions have been
conducted
--------------------------------------------------------------------
a) Description of the Financial Ordinary Shares of EUR 0.001 each
instrument, type of instrument
-------------------------------- ----------------------------------
Identification code IE00BH3XCL94
-------------------------------- ----------------------------------
b) Nature of the Transaction Purchase of shares
-------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.91 pence 5,200,000
----------
-------------------------------- ----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- ----------------------------------
e) Date of the transaction 3 February 2021
-------------------------------- ----------------------------------
f) Place of the transaction AIM (LSE)
-------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Gerry Madden
-------------------------------- ----------------------------------
2. Reason for the Notification
--------------------------------------------------------------------
a) Position/status Finance Director
-------------------------------- ----------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- ----------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name EQTEC plc
-------------------------------- ----------------------------------
b) LEI 63540085VSYVDEINJO04
-------------------------------- ----------------------------------
4. Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii)
each date; and (iv)each place where transactions have been
conducted
--------------------------------------------------------------------
a) Description of the Financial Ordinary Shares of EUR 0.001 each
instrument, type of instrument
-------------------------------- ----------------------------------
Identification code IE00BH3XCL94
-------------------------------- ----------------------------------
b) Nature of the Transaction Sale of shares
-------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.91 pence 25,000,000
-----------
-------------------------------- ----------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- ----------------------------------
e) Date of the transaction 3 February 2021
-------------------------------- ----------------------------------
f) Place of the transaction AIM (LSE)
-------------------------------- ----------------------------------
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END
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