EQTEC PLC

Share Issue/Capital Change • Dec 28, 2017

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RNS Number : 3977A

EQTEC PLC

28 December 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

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.

28 December 2017

EQTEC plc

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

Completion of Acquisition

Admission of the Enlarged Share Capital to trading on AIM

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, is pleased to announce the admission of its Enlarged Share Capital to trading on AIM following the acquisition of Eqtec Iberia SL, an engineering company specialising in the design, construction, operation and maintenance of power plants. Dealings will commence in its ordinary shares at 8.00 a.m. today on AIM.

Highlights:

·     The market capitalisation of the Enlarged Group on re-Admission will be £33.7 million, based on the closing price of 2.5p on 27 December 2017

·    In addition to the Acquisition, the Company has raised £1.6 million (before expenses) by the issue of 246,153,847 Ordinary Shares ("Placing Shares") at 0.65 pence to fund the working capital needs of the Enlarged Group and the continued development of its near-term pipeline

·     Following Admission of the Enlarged Share Capital, the Company has 1,346,090,838 Ordinary Shares in issue

·     The Placing Shares represent 18.3 per cent. of the Enlarged Share Capital on Admission and rank pari passu in all respects with the Existing Ordinary Shares, including the right to receive future dividends and other distributions declared, made or paid in respect of the Ordinary Shares

Luis Sanchez, Chief Executive Officer of EQTEC, said: "Today marks a milestone in EQTEC's development and is a transformational step for the Company in refocusing its strategy into the energy-from-waste market in the UK and Europe. With our patented gasification technology, a strong pipeline of projects and relationships with some of the global market leaders in the energy sector, the Board believes EQTEC is well positioned to become a leading player in creating electricity by converting waste into synthetic gas."

Further information provided under AIM Rule 26 and the Company's AIM Admission Document can be found at: www.eqtecplc.com

Enquiries

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

Notes to Editors

About EQTEC plc

EQTEC's business model will involve 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 converting the waste into electrical and thermal energy. The high energy efficiency also provides project developers with a competitive advantage allowing them to quote more competitive gate fees for the waste supply.

EQTEC will source projects that have a local supply of waste in need of conversion. It will build relationships and bring together the developers, the waste owners, the building contractors and funders and provide the technology and engineering services to the projects. Furthermore, the Enlarged Group 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 company news service from the London Stock Exchange

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