Eqtec (CDI) (EQT)

Sector:

Construction and Building Materials

Index:

FTSE AIM All-Share

0.35p
   
  • Change Today:
    -0.100p
  • 52 Week High: 1.30p
  • 52 Week Low: 0.31p
  • Currency: UK Pounds
  • Shares Issued: 640.66m
  • Volume: 4,119,673
  • Market Cap: £2.24m

Eqtec enters loan facility with its biggest shareholder

By Josh White

Date: Friday 09 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Energy technology developer Eqtec has entered into a loan facility with its largest shareholder Altair Group, it announced on Friday.
The AIM-traded firm said the facility would provide it with an up-to-£2m unsecured loan with a term of 24 months from execution.

It said it carried an annual interest rate of 8.0% on funds drawn and outstanding, with interest payable quarterly in advance.

Additionally, the company would pay a 2.5% arrangement fee.

The board said the facility provided that the company could, at its own decision, make payment against part or all of the loan in new shares, calculated by reference to the volume-weighted average share price over the five trading days immediately before payment.

Additionally, the firm said it would issue 666,666,666 warrants with a strike price of 0.45p each to Altair Group, being a premium of 55% to the closing share price of 0.29p on 8 December, valid for two years.

Proceeds would support general working capital, acceleration of project sales, and technology deployment, in particular for the company's market development centres.

"We are grateful to Altair for their unwavering support of Eqtec and their continued support of our business strategy," said chief executive officer David Palumbo.

"We remain committed to execution of our strategy, driving market development centres and key projects to close, deploying Eqtec technology to more places, more often and growing the business to its full potential."

At 1337 GMT, shares in Eqtec were down 3.1% at 0.28p.

Reporting by Josh White for Sharecast.com.

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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 0.35p
Change Today -0.100p
% Change -22.22 %
52 Week High 1.30p
52 Week Low 0.31p
Volume 4,119,673
Shares Issued 640.66m
Market Cap £2.24m

Eqtec (CDI) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.7% below the market average71.7% below the market average71.7% below the market average71.7% below the market average71.7% below the market average
24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average24.32% above the sector average
Price Trend
93.98% above the market average93.98% above the market average93.98% above the market average93.98% above the market average93.98% above the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Income Not Available
Growth
35.50% above the market average35.50% above the market average35.50% above the market average35.50% above the market average35.50% above the market average
45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average45.95% below the sector average

Eqtec (CDI) Dividends

No dividends found

Trades for 29-Aug-2025

Time Volume / Share Price
16:22 100,000 @ 0.38p
16:16 500 @ 0.31p
15:38 18,665 @ 0.31p
14:40 2,975 @ 0.31p
14:39 3,000 @ 0.38p

Eqtec (CDI) Key Personnel

CEO David Palumbo

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