Business
Update on Acquisition and Date of Admission
Update on Acquisition and Date of Admission.
About this update from Forgent Plc
[{"type":"text","content":"\n \nRNS Number : 2111A EQTEC PLC 22 December 2017 \n\n \n22 December 2017\n \nEQTEC plc\n(\"EQTEC\" or the \"Company\") \n \n \nUpdate on Acquisition and Date of Admission\n \n \nFurther to the announcement of 19 December 2017, EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that Admission, being the final condition to completion of the Acquisition and the Placing, will take place at 8.00 a.m. on 28 December 2017. \n \nThe table below shows a breakdown of the Placing Shares, Consideration Shares, and Ordinary Shares to be issued on Admission pursuant to a convertible loan agreement (the \"Conversion Shares\") (collectively \"the New Shares\"). \n \n \n\n\n\n\nPlacing Shares\n\n\n246,153,847 \n\n\n\n\nConsideration Shares\n\n\n833,864,531\n\n\n\n\nConversion Shares\n\n\n80,769,231\n\n\n\n\n\n\n\n\n\n\n\n\nTotal \n\n\n1,160,787,609\n\n\n\n\n \nAccordingly application has been made for admission of the New Shares to trading on AIM. Admission of the 1,160,787,609 New Shares will take place on 28 December 2017. \n \nFollowing the issue of the Consideration Shares to the Vendors, EBIOSS will be interested in 676,406,371 Ordinary Shares and Inava will be interested in 250,159,360 Ordinary Shares being 50.25% and 18.58% respectively of the Enlarged Share Capital.\n \nFollowing Admission, the Company will have 1,346,090,838 Ordinary Shares of €0.001 in issue. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 1,346,090,838 and 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.\n \nCapitalised terms used in this announcement bear the meaning given to them in the Company's admission document dated 27 November 2017.\n \n \nEnquiries\n \n\n\n\n\nEQTEC plc\n\n\n+353 (0)21 2409 056\n\n\n\n\nGerry Madden/Brendan Halpin \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNorthland Capital Partners Limited - Nomad and Joint Broker\n\n\n+44 (0)20 3861 6625\n\n\n\n\nTom Price / Dugald J. Carlean\n\n\n...