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Holdings(s) in Company and Exercise of warrants
Holdings(s) in Company and Exercise of warrants.
About this update from Forgent Plc
[{"type":"text","content":"\n \nRNS Number : 8070R EQTEC PLC 05 March 2019 \n\nEQTEC plc\n \n(\"EQTEC\" or the \"Company\")\n \nHoldings(s) in Company and Exercise of warrants\n \nEQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces a number of transactions in the Company's ordinary shares of €0.001 each (\"Ordinary Shares\"), including the exercise of warrants, pursuant to which the Company has received gross proceeds of £1,459,546. As a result of these transactions, the shareholding of Altair Group Investment Limited (\"Altair\") in the Company will increase from 137,868,580 Ordinary Shares to 164,532,102 Ordinary Shares.\n \nHolding(s) in the Company \n \nThe Company has been notified by Altair that, on 4 March 2019, it sold 136,363,636, Ordinary Shares, including 15,528,000 Ordinary Shares held by Ecofinance (GLI) Limited (\"Ecofinance\"), a wholly owned subsidiary of Altair. Following the disposal, Altair is now interested in, in aggregate, 1,504,944 Ordinary Shares, representing approximately 0.08% of the Company's current issued share capital.\n \nExercise of warrants\n \nIn addition, on 4 March 2019, the Company received a notice of exercise from Altair in respect of warrants over 105,263,158 Ordinary Shares at a price of 0.975 pence per share and further notices of exercise from each of Altair and Ecofinance in respect of warrants over 50,000,000 Ordinary Shares and 7,764,000 Ordinary Shares respectively at a price of 0.75 pence per share. The aggregate gross proceeds of these exercises amount to £1,459,546. \n \nThese warrants were issued in 2017 and 2018 and represent the full exercise of the warrants issued to both Altair and Ecofinance.\n \nAdmission, Total Voting Rights and Resulting Interest\n \nThe Company will make an application for the 163,027,158 new Ordinary Shares, to be issued and allotted as a result of the warrant exercises set out above, to be admitted to trading on AIM (\"Admission\"). Admission is expected to occur at 8.00 a.m. on 13 March 2019. The 163,027,158 new Ordinary Shares will rank pari passu with the existing Ordinary Shares.\n \nThe Company has agreed with Altair and Ecofinance that the new Ordinary Shares to be issued to them following the exercise of the warrants will be, from the date of A...