11 August 2025
EQTEC plc
("EQTEC", the "Company" or the "Group")
Partial exercise of Option and Subscription of £250,000
EQTEC plc (AIM:EQT), a leading licensor and innovator of syngas technology for clean conversion of waste into sustainable energy and biofuels, today announces that, further to the announcement of 2 June 2025, the Company has partially exercised its option which requires Compact WTL Tech Limited ("CWTL") to subscribe for 29,411,765 ordinary shares ("Subscription Shares") in the share capital of the Company at £0.0085 per share ("Issue Price") raising £250,000 in proceeds for the Company, which have been received. The proceeds will be used to support the ongoing working capital requirements of the Group.
The Issue Price represents a premium of approximately 48 per cent. to the closing mid-market price on 8 August 2025, being the latest practicable date before this announcement.
The Company on 1 June 2025 entered into an option agreement (the "Option Agreement") whereby CWTL granted the Company an option, exercisable at the Company's sole discretion, to require CWTL to subscribe for new Ordinary Shares up to a maximum subscription amount of £1,500,000 at £0.0085 per share. The partial exercise of the option results in £1,250,000 remaining to be exercised under the Option Agreement.
Following the Subscription and Admission (as defined below), CWTL will be interested in 205,882,353 Ordinary Shares, representing 32.14% of the enlarged ordinary share capital of the Company.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for admission of the 29,411,765 Subscription Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the new Ordinary Shares on AIM will commence at 8.00 a.m. on or around 12 August 2025.
The Subscription has been conducted utilising the Company's existing share authorities. The Subscription Shares will rank pari passu in all respects with the Company's existing Ordinary Shares.
Following Admission, there will be 640,657,138 Ordinary Shares in issue. The Company holds no Ordinary Shares in Treasury. This number may be used by shareholders as the denominator for the calculation 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.
This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014, as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.
ENQUIRIES
| EQTEC plc David Palumbo
|
+44 20 3883 7009 |
| Strand Hanson - Nomad & Financial Adviser James Harris / Richard Johnson
|
+44 20 7409 3494 |
| Global Investment Strategy UK Ltd - Broker Samantha Esqulant
|
+44 20 7048 9045 |
About EQTEC
EQTEC is one of only a few circular economy technology providers able to address the dual challenges of growing quantities of global waste and the growing demand for energy and biofuels. EQTEC cleanly converts waste into a range of valuable commodities that support new energy and industrial infrastructure. With one of the world's most experienced thermochemical conversion technology and engineering teams, EQTEC provides bespoke waste management and new energy solutions through best-in-class innovation, infrastructure engineering and value-added services for developers, owner-operators and industrials.
EQTEC's end-to-end process solutions are in demand from around the world with highly efficient equipment that is modular and scalable from three tonnes of waste per hour. Its versatile solutions process dozens of varieties of feedstock, including plastics, mixed municipal waste, industrial waste and other non-recyclables, all with no hazardous or toxic emissions, producing a wide range of valuable commodities including synthesis gas ("syngas") electricity, heat and steam, synthetic natural gas, hydrogen, liquid fuels or other chemicals.
The Company is quoted on the London Stock Exchange's Alternative Investment Market (AIM) (ticker: EQT) and the London Stock Exchange has awarded EQTEC the Green Economy Mark, which 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 .
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