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EQTEC PLC

EQTEC jumps as it appoints new Nomad

The firm said it had appointed Strand Hanson Limited as its Nomad and broker with immediate effect

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The firm had said after close on Friday that it was finalising a Nomad appointment

EQTEC Plc (LON:EQT) shares jumped in early trading Monday after it appointed a new nominated advisor (Nomad) while also updating on the consolidation of two loans from Altair Group Investment Limited and Ecofinance (GLI) Limited.

The firm, which specialises in converting waste gas into energy, said it had appointed Strand Hanson Limited as its Nomad and broker with immediate effect after saying after the close on Friday that it was in the process of finalising the appointment.

READ: EQTEC jumps as it increases and consolidates loan facility with Altair Group

The company also said in Friday’s statement that further to an update on its loan agreements on 22 January it had agreed with Ecofinance to increase the existing loan facility to £1.879mln from £879,000 on the same terms, with the increased loan forming part of the consolidated loan with Altair.

Shares were up 5.9% at 1.4p.

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Quick facts: EQTEC PLC

Price: £0.00

Market: AIM
Market Cap: £7.34 m
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