Nomad Status - Update

RNS Number : 7550K

EQTEC PLC

18 December 2018

 

18 December 2018

EQTEC plc

("EQTEC" or the "Company")

Nomad Status - Update

EQTEC plc (AIM: EQT), the AIM quoted technology solution company for waste gasification to energy projects, announces that further to the RNS on 6 December 2018, the Company is pleased to announce that the transition to its new nominated adviser ("Nomad") is continuing smoothly and that the Company anticipates being able to announce the appointment of the new Nomad by mid/late-January 2019 following the completion of the due diligence process and a site visit to Barcelona which is scheduled for mid-January 2019.

In accordance with AIM Rule 1, if in the event that the Company fails to appoint a new Nomad by 1 February 2019 the Exchange will suspend trading in the Company's AIM Securities. In the event that the Company has failed to appoint a replacement Nomad by 4 March 2019 the admission of its AIM Securities will be cancelled.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU).

Enquiries

EQTEC plc	[phone]
Ian Price - Chief Executive Officer Gerry Madden - Finance Director
Northland Capital Partners Limited - Nomad and Broker	[phone]
David Hignell / Dugald J. Carlean
Luther Pendragon - Financial PR	[phone]
Harry Chathli / Alexis Gore / Joe Quinlan

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 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.

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

 

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