00:38 Sat 19 Sep 2020
EQTEC PLC - Billingham MOU Extension
EQTEC plc
("EQTEC", the "Company" or the "Group")
Waste gasification and power plant at
EQTEC plc (AIM: EQT), a world leading gasification technology solutions company for waste-to-energy projects, is pleased to announce that the Parties have agreed to extend the exclusivity period of the Billingham MOU until
On
Subsequent to the extension announced in
The extension of the exclusivity period announced herein is with the aim of finalising the preparation of a legally binding option agreement with Scott Bros which, if agreed, will grant EQTEC and its partners the right, but not the obligation, to purchase the entire issued share capital of Billingham EFW Limited, the Project SPV, from Scott Bros, subject to agreement on consideration and other terms. Today's Billingham MOU extension supersedes all other agreements between the Parties regarding the potential acquisition of the SPV.
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 |
+353 21 2409 056 |
|
|
|
|
Strand Hanson - Nomad & Financial Adviser |
+44 20 7409 3494 |
|
|
|
|
Arden Partners - Broker |
+44 20 7614 5900 |
|
|
|
|
Maitland/AMO - Strategic Communications & PR/IR adviser |
+44 20 7379 5151 |
|
|
|
|
IFC Advisory - Financial PR & IR |
+44 20 3934 6630 |
|
|
About EQTEC plc
EQTEC is a world leading gasification technology partner with proven proprietary patented technology for cost effective waste-to-value applications.
EQTEC designs and supplies advanced gasification solutions that have a higher efficiency product offering and are modular and scalable from 1MW to 25MW. EQTEC's solutions are independently proven to process over 50 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics. EQTEC's solutions produce a uniquely pure high-quality synthesis gas (syngas), that is capable of being used for the widest applications in the creation of energy, hydrogen and biofuels.
Proprietary technology design together with deployment and maintenance capabilities mitigate the risks when using third party equipment. EQTEC's Technology Integration capabilities enable the Group to lead collaborative ecosystems that build sustainable, waste elimination and green energy infrastructure.
The Company is quoted on AIM (ticker: EQT) and the London Stock Exchange awarded EQTEC the Green Economy Mark that 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...
FOR OUR FULL DISCLAIMER CLICK HERE