EQTEC PLC has announced the results of its Extraordinary General Meeting, where all resolutions were passed, including the approval of the Capital Reorganisation and Share Consolidation. As a result, the company's existing 14,783,204,492 ordinary shares of €0.001 each will be consolidated into 147,832,044 ordinary shares of €0.01 each. The Consolidated Ordinary Shares will have the ISIN code IE000955MAJ1 and the SEDOL code BLF9HQ3. The admission of the Consolidated Ordinary Shares to trading on AIM is expected to take place on or around December 21, 2023.
Following the Consolidation Admission, the company's issued share capital will consist of 147,832,044 Consolidated Ordinary Shares, each with one voting right. The company holds no Ordinary Shares in Treasury. Shareholders can use this number as the denominator for calculating their interest in the company's share capital.
EQTEC is a global technology innovator that provides waste-to-value solutions for hydrogen, biofuels, and energy generation. The company's technology is used to power distributed, decarbonized, new energy infrastructure. EQTEC's solutions process various types of waste, including forestry waste, agricultural waste, industrial waste, and municipal waste, without emitting hazardous or toxic substances. The company's technology produces a pure, high-quality synthesis gas that can be used for electricity and heat generation, production of renewable natural gas, biofuels, and hydrogen reforming.
EQTEC's technology integration capabilities allow the company to lead collaborative ecosystems of qualified partners and build sustainable waste reduction and green energy infrastructure worldwide. The company is listed on the London Stock Exchange's Alternative Investment Market (AIM) and has been awarded the Green Economy Mark by the London Stock Exchange for its focus on environmental and green solutions.