Directorate Change

RNS Number : 3269F

EQTEC PLC

20 February 2018

 

20 February 2018

EQTEC plc

("EQTEC" or the "Company")

Directorate Change

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, is pleased to announce the appointment of Tom Quigley as a Non-Executive Director with effect from today 20th February 2018.

Mr Quigley comes from a background in investment banking, private equity and financial services where he has a successful track record of managing and executing transactions. His skills and experience are expected to be particularly relevant to EQTEC as it progresses into the next stages of development. Mr Quigley will also serve as a member of the Audit and Remuneration committees.

Mr Quigley has had an executive career spanning over 25 years, mainly at board level, as Managing Director, CFO and CIO. His executive career has included being a Managing Director of Close Brothers Corporate Finance, a Managing Director and Head of the Retail, Hospitality and Leisure sector investment banking at ING Barings, London, and a Director of Terra Firma Capital Partners. Tom also currently serves as a Non-Executive Director of Grove Limited, the holding company of Barchester Healthcare a major UK care home business, a Non-Executive Director of Skipton International, a regulated bank wholly owned by the Skipton Building Society, Non-Executive Chairman of Relendex Limited, a regulated peer-to-peer secured lending business, a Non-Executive Director of the States of Jersey Development Company and Chair of the Audit Committee and as a member of the Advisory Board of UBS in Jersey, Channel Islands.   Mr Quigley has previously been a director of EcoFinance (GLI) Limited which is owned by Altair Group Investment Limited, the Company's main secured lender. Mr Quigley's previous roles have given him financial and management experience working across a number of different industry sectors, including real estate, financial services, healthcare and banking, and across a number of jurisdictions.

Mr Quigley graduated from Keble College, Oxford and is a Chartered Accountant having qualified with Price Waterhouse in London.  He currently resides in Jersey, Channel Islands.

Ian Pearson, Chairman of EQTEC plc, commented: "We are delighted to welcome someone of Tom's calibre to the board. We look forward to benefitting from the breadth of Tom's business experience and knowledge."

The following additional information is provided in accordance with paragraph (g) of Schedule Two to the AIM Rules for Companies:

Thomas Kelly Quigley (aged 55) holds or held the following Directorships or Partnerships in the past 5 years:

Current Directorships/Partnerships	Past Directorships/Partnerships
Relendex Limited Alchemy Capital Limited Cloudberry Capital Limited Cloudberry Corporate Advisers Limited Grove Limited (Barchester Care Homes) Skipton International	SoJDC Limited Sancus Limited EcoFinance (GLI) Limited

There is no further information required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM rules.

This announcement contains inside information as defined in Article 7 of the EU Market Abuse Regulation No 596/2014 and has been announced in accordance with the Company's obligations under Article 17 of that Regulation.

Enquiries

EQTEC plc	[phone]
Luis Sanchez - Chief Executive Officer Gerry Madden - Finance Director
Northland Capital Partners Limited - Nomad and Joint Broker	[phone]
Dugald J. Carlean / Tom Price
SVS Securities Plc - Joint Broker	[phone]
Tom Curran / Ben Tadd
VSA Capital Limited - Financial Adviser and Joint Broker	[phone]
Andrew Monk / Andrew Raca
Luther Pendragon - Financial PR	[phone]
Harry Chathli / Alexis Gore / Ana Ribeiro

Notes to Editors

About EQTEC plc

EQTEC'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.

EQTEC sources projects that have a local supply of waste in need of elimination and conversion. It builds relationships and bring 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.

The Company is quoted on AIM and trades as EQT. Further information on the Company can be found at www.eqtecplc.com.

 

END

 

 

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