IN BRIEF: Eqtec to change name to Forgent as plans capital expansion
Eqtec PLC - London-based provider of syngas technology and engineering services for converting waste into sustainable energy and biofuels - Calls extraordinary general meeting for February 12 in Dublin to seek approval for a capital expansion and a name change. Eqtec proposes to change its name to Forgent PLC, saying this will give the company a "clearer identity" as it expands its business strategy to include "complementary assets central to global electrification". Meanwhile, it says the capital expansion is needed to provide flexibility to raise funds to pursue the new strategy. It will see the authorised share capital of the company increased by EUR1.5 million to EUR226.5 million from the creation of 15.00 billion new shares. Eqtec says Rebel Ion Ltd, which holds an 18.25% stake in the company, will vote for the plans, as will all Eqtec directors. Read More