Business
Issue of Shares to a Service Provider
Issue of Shares to a Service Provider.
About this update from Forgent Plc
[{"type":"text","content":"\n \nRNS Number : 2687Z EQTEC PLC 16 May 2019 \n\n16 May 2019\n \nEQTEC plc\n \n(\"EQTEC\" or the \"Company\")\n \nIssue of Shares to a Service Provider\n \nEQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that the Company has issued and allotted 2,777,777 Ordinary Shares to a service provider as consideration for services rendered. \n \nApplication will be made for the admission to AIM of these 2,777,777 new ordinary shares and trading is expected to start on 22 May 2019.\n \nFollowing admission, the Company will have a total of 1,970,549,158 Ordinary Shares in issue carrying voting rights. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \nEnquiries\n \n\n\n\n\nEQTEC plc\n\n\n+353 (0)21 2409 056\n\n\n\n\nIan Price - Chief Executive Officer \nGerry Madden - Finance Director\n \n\n\n \n\n\n\n\nStrand Hanson - Nomad, Financial Adviser & Broker\n\n\n+44 (0) 207 409 3494\n\n\n\n\nJames Harris/Richard Tulloch/Jack Botros\n \n\n\n \n\n\n\n\nIFC Advisory - Financial PR & IR\n\n\n+44 (0) 203 934 6630\n\n\n\n\nTim Metcalfe / Miles Nolan / Zach Cohen\n\n\n \n\n\n\n\n \nNotes to Editors\n \nAbout EQTEC plc\n \nEQTEC'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.\n \nEQTEC 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. \n \nThe Company is quoted on AIM and trades as EQT. F...