Update on Acquisition

RNS Number : 8521Z

EQTEC PLC

19 December 2017

 

Prior to its publication, certain information in this announcement was deemed to constitute inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

19 December 2017

EQTEC plc

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

Update on Acquisition

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that due to unforeseen logistical issues with one of the Vendors, the parties will not be in a position to appear before a notary in Barcelona in order to ratify and complete the transfer of the shares in Eqtec Iberia SL on Thursday 21 December 2017 as originally expected.

Accordingly, the parties have agreed to delay completion of the Acquisition and the Company advises that Admission will not take place on 21 December 2017 as planned. The Company has received confirmation from the Vendor that completion of the Acquisition will take place by 29 December 2017 and the Company will update the market in due course as to the revised date for Admission. However, both the Extraordinary General Meeting and the Annual General Meeting will take place as planned tomorrow.

Capitalised terms used in this announcement bear the meaning given to them in the Company's admission document dated 27 November 2017.

Enquiries

EQTEC plc	[phone]
Gerry Madden/Brendan  Halpin
Northland Capital Partners Limited - Nomad and Joint Broker	[phone]
Tom Price / Dugald J. Carlean
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

 

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