Eqtec (CDI) (EQT)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

1.28p
   
  • Change Today:
      0.055p
  • 52 Week High: 2.77p
  • 52 Week Low: 0.46p
  • Currency: UK Pounds
  • Shares Issued: 8,435m
  • Volume: 23,454,184
  • Market Cap: £107.97m

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.

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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 1.28p
Change Today 0.055p
% Change 4.49 %
52 Week High 2.77p
52 Week Low 0.46p
Volume 23,454,184
Shares Issued 8,435m
Market Cap £107.97m

Eqtec (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.7% below the market average70.7% below the market average70.7% below the market average70.7% below the market average70.7% below the market average
72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average72.97% below the sector average
Price Trend
96.00% above the market average96.00% above the market average96.00% above the market average96.00% above the market average96.00% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Income Not Available
Growth
32.94% above the market average32.94% above the market average32.94% above the market average32.94% above the market average32.94% above the market average
42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average42.11% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Eqtec (CDI) Dividends

No dividends found

Trades for 15-Oct-2021

Time Volume / Share Price
16:35 170,000 @ 1.28p
16:25 1,716,967 @ 1.26p
16:23 1,500 @ 1.26p
16:23 10,000 @ 1.24p
16:21 15,000 @ 1.24p

Eqtec (CDI) Key Personnel

Finance Director Gerry Madden
CEO David Palumbo

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