EQTEC PLC (EQT.L) PrimaryBid Offer

EQTEC plc (AIM: EQT), a world-leading gasification technology solutions company for sustainable waste-to-energy projects , is pleased to announce an offer for subscription via PrimaryBid (the “PrimaryBid Offer”) of up to 200,000,000 new ordinary shares of €0.001 each in the Company (“PrimaryBid Shares”) at an issue price of 1.5 pence per PrimaryBid Share (the “Issue Price”),

Being a discount of 11.24 per cent to the closing mid-price on 27 May 2021. As announced at 7.00am on 28 May 2021 , the Company is also conducting a placing of new Ordinary Shares at the Issue Price by way of an accelerated bookbuild process by (the “Placing”) and a direct subscription of new Ordinary Shares at the Issue Price (the “Subscription”).

The PrimaryBid Offer, the Placing and the Subscription (together, the “Fundraising”) are conditional on the new Ordinary Shares to be issued pursuant to the Fundraising being admitted to trading on AIM (“Admission”) . Admission is expected to take place at 8.00 a.m. on 3 June 2021. The PrimaryBid Offer will not be completed without the Placing also being completed.

It is expected that the Group will use the funds raised pursuant to the Fundraising for :

1. Europe: acceleration of revenue growth in target markets. This includes acquisition and recommissioning of specific plants in target markets, including the recently announced revival of such a plant in Italy, for delivery of biomass-to-energy solutions within local communities, to showcase EQTEC technology capabilities and performance and to accelerate interest and growth in those markets. Additionally, establishment and funding of joint ventures with local partners in target markets, for dedicated, local operations to drive sales growth and delivery. Markets immediately targeted for revenue growth include Greece, Croatia, Italy and Spain.

2. UK: securing and delivering UK RDF pipeline. This includes capital investment in freehold land and full project rights for one or more of the Company’s major, RDF-to-energy projects in Billingham, Deeside, Southport and other, similar opportunities in the pipeline.

3. USA: formalising market entry. This includes pursuit of existing opportunities in the Company’s biomass-to-energy pipeline in California, including formalising partnership agreements with local partners and investing development capital in accelerated pursuit of new deals.

4. Capability and capacity: extending our platform for growth. This includes acquisition of additional engineering capability and capacity to support concurrent delivery of multiple projects in multiple geographies, as well as further growth of our business development and partner management teams. Additionally, investment in monitoring, measurement and data management technologies (e.g., industrial IoT) as part of EQTEC solutions, for remote management and for growing our library of operational performance data.

PrimaryBid Offer

The Company values its existing retail investor base and is therefore pleased to provide private and other investors the opportunity to participate in the PrimaryBid Offer by applying exclusively through the PrimaryBid mobile app available on the Apple App Store and Google Play. PrimaryBid does not charge investors any commission for this service.

The PrimaryBid Offer, via the PrimaryBid mobile app, will be open to individual ( with existing shareholders prioritised if the subscription is oversubscribed) and institutional investors from 7.01 a .m. on 28 May 2021 to 12 noon on 28 May 2021 . The PrimaryBid Offer may close early if it is oversubscribed. Subscribers for PrimaryBid shares will receive their shares on the day following Admission.

Subscriptions under the PrimaryBid Offer will be considered by the Company on a pro rata basis (with preference given to the Company’s existing retail investors), subject to conditions which are available to view on PrimaryBid.

The Company, in consultation with PrimaryBid, reserves the right to scale back any order at its discretion. The Company and PrimaryBid reserve the right to reject any application for subscription under the PrimaryBid Offer without giving any reason for such rejection.

Aggregate demand under the PrimaryBid Offer will be limited to £3,000,000 and, accordingly, the Company is not required to prepare and has not prepared, a prospectus in respect of the PrimaryBid Offer as it falls within the exemption set out in section 86(1)(e) and section 86(4) of the Financial Services and Markets Act 2000. The PrimaryBid Offer is not being made into any Restricted Jurisdiction or any other jurisdiction where it would be unlawful to do so.

There is a minimum subscription of £100 per investor under the terms of the PrimaryBid Offer which is open to existing shareholders and other investors subscribing via PrimaryBid.

No commission is charged to investors on applications to participate in the PrimaryBid Offer made through PrimaryBid. It is vital to note that once an application for PrimaryBid Shares has been made and accepted via PrimaryBid, an application cannot be withdrawn.

For further information on PrimaryBid or the procedure for applications under the PrimaryBid Offer, visit www.PrimaryBid.com or email PrimaryBid at enquiries@primarybid.com. The terms and conditions on which the PrimaryBid Offer is made, including the procedure for application and payment for PrimaryBid Shares, is available to all persons who register with PrimaryBid.

The PrimaryBid Shares will be issued free of all liens, charges and encumbrances and will, when issued and fully paid, rank pari passu in all respects with the Company’s existing Ordinary Shares.

Investors should make their own investigations into the merits of an investment in the Company. Nothing in this announcement amounts to a recommendation to invest in the Company or amounts to investment, taxation or legal advice.

It should be noted that a subscription for PrimaryBid Shares and investment in the Company carries a number of risks. Investors should consider the risk factors set out on PrimaryBid.com before making a decision to subscribe for PrimaryBid Shares. Investors should take independent advice from a person experienced in advising on investment in securities such as the PrimaryBid Shares if they are in any doubt.

About EQTEC plc

As the world’s leading experts in gasification for sustainable waste-to-energy projects, EQTEC is building the future of the sector, combining its technology innovation and engineering with expert plant construction and project deliveries, to help drive the global energy transition. EQTEC’s proven, proprietary and patented technology is at the centre of projects that aim to enhance local communities and champion local businesses with an improved environmental impact.

EQTEC designs and supplies advanced gasification solutions that have a higher efficiency product offering and are modular and scalable from 1MW to 30MW. EQTEC’s versatile solutions are proven to process over 50 different types of feedstock, including municipal waste, agricultural waste, biomass and plastics with no hazardous waste or toxic emissions . 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.

EQTECs 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.

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