Eqtec (CDI) (EQT)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

2.34p
   
  • Change Today:
    -0.010p
  • 52 Week High: 4.05
  • 52 Week Low: 0.28
  • Currency: UK Pounds
  • Shares Issued: 181.49m
  • Volume: 1,517,562
  • Market Cap: £4.25m

Eqtec looks to raise up funds via placing and subscription

By Iain Gilbert

Date: Friday 28 May 2021

LONDON (ShareCast) - (Sharecast News) - Gasification technology group Eqtec said on Friday that it was looking to add to its warchest by way of a placing of new ordinary shares, an offer for subscription of up to 200.00m new ordinary shares by PrimaryBid and a direct subscription of up to 287.66m new ordinary shares.
Eqtec will place its new ordinary shares at a fixed price of 1.5p each, an 11.24% discount to the stock's closing mid-price on 27 May, as the group looks to bring in £15.0m via the accelerated bookbuild process, with admission of the shares to trading expected to take place on 3 June.

As far as the PrimaryBid offer was concerned, Eqtec hopes to raise up to £3.0m, while the firm added chairman Ian Pearson had indicated his intention to subscribe for approximately £100,000 as part of the direct subscription.

The AIM-listed group intends to use the funds raised to accelerate growth in its target European markets, formalise its market entry in the US, secure and deliver RDF-to-energy projects in the UK and further extend its platform for growth.

As of 0845 BST, Eqtec shares were down 7.69% at 1.56p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Eqtec (CDI) Market Data

Currency UK Pounds
Share Price 2.34p
Change Today -0.010p
% Change -0.43 %
52 Week High 4.05
52 Week Low 0.28
Volume 1,517,562
Shares Issued 181.49m
Market Cap £4.25m

Eqtec (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.78% below the market average68.78% below the market average68.78% below the market average68.78% below the market average68.78% below the market average
41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average
Price Trend
93.60% above the market average93.60% above the market average93.60% above the market average93.60% above the market average93.60% above the market average
31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average31.71% above the sector average
Income Not Available
Growth
34.94% above the market average34.94% above the market average34.94% above the market average34.94% above the market average34.94% above the market average
36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average36.59% above the sector average

Eqtec (CDI) Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:39 350,000 @ 2.26p
16:35 22 @ 2.30p
16:35 22 @ 2.20p
16:35 66,666 @ 2.34p
16:35 66,666 @ 2.34p

Eqtec (CDI) Key Personnel

CEO David Palumbo

Top of Page