Hill Dickinson has acted for Arden Partners Plc.
Arden, which is authorised and regulated by the Financial Conduct Authority (FCA), acted as sole broker to EQTEC Plc on its oversubscribed £10 million placing. The placing took place on Thursday 9 July 2020.
EQTEC, a world leader in advanced gasification technology, designs and supplies advanced gasification solutions that have a higher efficiency product offering and are modular and scalable from 2MW to 30MW.
The AIM-listed company will use the funds to accelerate project development to meet an increasing global demand for its waste gasification to energy technology, as more countries and companies seek sustainable ‘green’ solutions to waste elimination and energy issues.
The fundraising also involved an offer for subscription for retail investors that was facilitated via the PrimaryBid online platform.
Hill Dickinson corporate partner Jon Gillow (Picture) led on the placing, together with Ian Gillis, head of the Manchester corporate team.
Law Firms: Hill Dickinson;
Clients: Arden Partners PLC ;