Grant of Long-term Incentive Plan Options

RNS Number : 5619J

EQTEC PLC

27 April 2022

 

27 April 2022

EQTEC plc

("EQTEC", the "Company" or the "Group")

Grant of Long-term Incentive Plan Options

EQTEC plc (AIM: EQT), a world-leading technology innovation company enabling the Net Zero Future through advanced solutions for hydrogen, biofuels, SNG and other energy production , announces that its Board of Directors has awarded options on 25 April 2022 over a total of 188,648,745 Ordinary Shares of €0.001 each in the Company ("Ordinary Shares") under the EQTEC All Employee Long-term Incentive Plan, launched in 2021 (the "Options") (the "LTIP"). Subject to vesting conditions of the LTIP, one-third of the Options shall vest each year with a significant portion of Executive Remuneration linked to performance of the Company. Pursuant to the terms of the LTIP, the Options are exercisable at €0.001 each, being the nominal value of an Ordinary Share.

Included within the total 188,648,745 options granted for 2022 are the following to Directors and persons discharging managerial responsibilities ("PDMRs") of the Company as part of their annual remuneration and incentivisation packages:

Director	Number of Options Granted in 2022 under the LTIP
David Palumbo	33,750,000
Jeffrey Vander Linden	33,750,000
Nauman Babar	26,250,000
Yoel Alemán	22,115,888

The objective of the LTIP is to continue to progress individual and team performance in line with Company performance, thereby creating value for shareholders while minimising cash outlay. All Company Executive Directors and employees are eligible to participate in the LTIP as part of a broader all-company remuneration strategy and the scheme allows all employees to participate in the long-term success of the Company.

ENQUIRIES

EQTEC plc	[phone]
David Palumbo / Nauman Babar
Strand Hanson - Nomad & Financial Adviser	[phone]
James Harris / James Dance
Arden Partners - Joint Broker	[phone]
Paul Shackleton (Corporate) / Simon Johnson (Sales)
Canaccord Genuity - Joint Broker	[phone]
Henry Fitzgerald-O'Connor / James Asensio / Patrick Dolaghan
Alma PR - Financial Media & Investor Relations	[phone]
Josh Royston / Sam Modlin	[e-mail]
BECG - General Media Enquiries	[phone] / [phone]
Carrie Lowe / Tom Gosschalk	[e-mail]

About EQTEC plc

As one of the world's most experienced gasification technology and engineering companies, with a growing track record of delivering operational and commercial success for transforming waste-to-energy through best-in-class technology innovation, engineering and project development , EQTEC brings together design innovation, project delivery discipline and solid commercial experience to add momentum to the global energy transition. EQTEC's proven, proprietary and patented technology is at the centre of clean energy projects, sourcing local waste, championing local businesses, creating local jobs and supporting the transition to localised, decentralised and resilient energy systems.

EQTEC designs, supplies and builds advanced gasification facilities in the UK, EU and US, with highly efficient equipment that is modular and scalable from 1MW to 30MW. EQTEC's versatile solutions process over 50 varieties of feedstock, including forestry wood waste, vegetation and other agricultural waste from farmers, industrial waste and sludge from factories and municipal waste, all with no hazardous or toxic emissions . EQTEC's solutions produce a pure, high-quality synthesis gas ("syngas") that can be used for the widest range of applications, including the generation of electricity and heat, production of synthetic natural gas (through methanation) or biofuels (through Fischer-Tropsch, gas-to-liquid processing) and reforming of hydrogen.

EQTEC's technology integration capabilities enable the Group to lead collaborative ecosystems of qualified partners and to build sustainable waste reduction and green energy infrastructure around the world.

The Company is quoted on 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 .  

PDMR Notification Form :

The notifications below are made in accordance with the requirements of UK MAR:

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	David Palumbo
2.	Reason for the Notification
a)	Position/status	CEO
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	EQTEC plc
b)	LEI	N/A
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary Shares of EUR 0.001 each
	Identification code
b)	Nature of the Transaction	Grant of LTIP options subject to vesting conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 p 33,750,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	26 April 2022
f)	Place of the transaction	AIM (LSE)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jeffrey Vander Linden
2.	Reason for the Notification
a)	Position/status	COO
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	EQTEC plc
b)	LEI	N/A
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary Shares of EUR 0.001 each
	Identification code
b)	Nature of the Transaction	Grant of LTIP options subject to vesting conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 p 33,750,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	26 April 2022
f)	Place of the transaction	AIM (LSE)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Nauman Babar
2.	Reason for the Notification
a)	Position/status	CFO
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	EQTEC plc
b)	LEI	N/A
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary Shares of EUR 0.001 each
	Identification code
b)	Nature of the Transaction	Grant of LTIP options subject to vesting conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 p 26,250,000
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	26 April 2022
f)	Place of the transaction	AIM (LSE)

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Dr. Yoel S. Alemán Méndez
2.	Reason for the Notification
a)	Position/status	CTO
b)	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	EQTEC plc
b)	LEI	N/A
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted
a)	Description of the Financial instrument, type of instrument	Ordinary Shares of EUR 0.001 each
	Identification code
b)	Nature of the Transaction	Grant of LTIP options subject to vesting conditions
c)	Price(s) and volume(s)	Price(s) Volume(s) 1 p 22,115,888
d)	Aggregated information Aggregated volume Price	N/A (Single transaction)
e)	Date of the transaction	26 April 2022
f)	Place of the transaction	AIM (LSE)

 

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