Notification of shareholdings

22 January 2019

 

EQTEC plc

 

("EQTEC" or the "Company")

 

Notification of shareholdings

 

EQTEC plc (AIM: EQT), the technology solution company for waste gasification to energy projects, announces that it has received the following TR1 notifications from certain shareholders in the Company, which are included at the end of this announcement.

 

The Company sets out below further explanation to assist shareholders, based on the Company's understanding of the current shareholdings following receipt of the TR1s.

 

On 6 August 2018, the Company announced that it had issued 191,666,667 new ordinary shares of €0.001 in the Company ("Ordinary Shares" or "Shares") to Origen Capital LLP ("Origen") following Origen's investment of £1.15 million. The investment was made on behalf of a consortium of investors.  On issue, the voting rights to these Shares rested with Origen and accordingly, the Company disclosed Origen as being interested in 10.71% of the Company's enlarged issued share capital at that time.

 

The Company, in the same announcement, provided details of 100,000,000 new Shares issued to Altair Group Investment Limited ("Altair") and 15,528,000 new Shares issued to Ecofinance (GLI) Limited ("Ecofinance") in relation to the capitalisation of interest payments into equity. As a result, the Company disclosed that Altair and Ecofinance were interested in 5.54% and 0.87% respectively of the Company's then enlarged issued share capital.

 

The Company has now been informed by Origen that the voting rights on the Shares issued to it on 6 August 2018 have been transferred to the consortium's underlying investors, resulting in the issue of the below TR1 forms. Of the 191,666,667 Shares issued to Origen, the Company has been notified through the TR1 forms that the beneficial interest and voting rights to 175,000,000 Shares, representing 9.71% of the Company's issued share capital, are now held by Mr Khalid Choksy, with Altair now holding the beneficial interest and voting rights of the remaining 16,666,667 Shares.  As a result, the Company has been advised that Origen no longer holds any Shares.  

 

Given the above, Altair has also provided a TR1 form, setting out that it is currently interested in 137,868,580 Shares, representing 7.64% of the Company's issued share capital, being 5,673,913 Shares issued to Altair in 2015, 100,000,000 Shares issued to it on 6 August 2018, the 16,666,667 Shares transferred to it from Origen as detailed above, and 15,528,000 Shares held by Ecofinance, which is ultimately controlled by Altair. Altair has included the Ecofinance shares as part of its disclosure due to the fact that Altair has the ultimate controlling interest in Ecofinance.

 

Set out below is a table of the Company' significant shareholders as far as it is aware, based on the Company's current issued share capital of 1,804,744,223 Shares.

 

Shareholder	No. of Ordinary Shares	% of issued share capital
EBIOSS Energy SE	742,381,371	41.13%
Inava Ingenieria de Análisis SL	250,159,360	13.86%
Khalid Choksy	175,000,000	9.70%
Altair Group Investment Ltd.	137,868,580	7.64%
Mike Joseph	83,832,421	4.65%
Monecor (London) Limited	65,023,078	3.60%

 

 

Enquiries

 

EQTEC plc	+353 (0)21 2409 056
Ian Price - Chief Executive Officer Gerry Madden - Finance Director
Northland Capital Partners Limited - Nomad and Broker	+44 (0)20 3861 6625
David Hignell / Dugald J. Carlean
Luther Pendragon - Financial PR	+44 (0)20 7618 9100
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

 

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			EQTEC PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Details of person subject to the notification obligation
Name			MOHAMMED KHALID YOUSUF CHOKSY
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached:			18/01/2019
6. Date on which issuer notified (DD/MM/YYYY):			18/01/2019
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	9.7	-		9.7	1,804,744,223
Position of previous notification (if applicable)	0	-		-

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
IE00BH3XCL94		175,000,000					9.7
SUBTOTAL 8. A		175,000,000
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date	Exercise/ Conversion Period			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date		Exercise/ Conversion Period		Physical or cash settlement			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
Name	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information

Place of completion	Dubai, UAE
Date of completion	18/01/2019

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			EQTEC PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Details of person subject to the notification obligation
Name			ALTAIR GROUP INVESTMENT LTD
City and country of registered office (if applicable)			THE BRITISH VIRGIN ISLANDS
4. Full name of shareholder(s) (if different from 3.)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached:			18/01/2019
6. Date on which issuer notified (DD/MM/YYYY):			18/01/2019
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	7.64	-		7.64	1,804,744,223
Position of previous notification (if applicable)	0	-		-

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rights					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
IE00BH3XCL94		137,868,580		-			7.64		-
SUBTOTAL 8. A		137,868,580
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration date	Exercise/ Conversion Period			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration date		Exercise/ Conversion Period xi		Physical or cash settlement			Number of voting rights	% of voting rights
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer				X
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional information

Place of completion	THE BRITISH VIRGIN ISLANDS
Date of completion	18/01/2019