IN BRIEF: Eqtec shares surge as reaches settlement with Logik
3rd Apr 2024 16:35
Eqtec PLC - Cork, Ireland-based thermochemical conversion technology company - Reaches settlement agreement with Logik Developments Ltd and its subsidiary Logik WTE Ltd. Eqtec will receive about GBP1.7 million by around early May, as Logik will pay the sum within the next business day of a sale of a site at Weighbridge Road in Deeside Industrial Park which is expected to complete on or before April 30. If the sale is delayed to between May 1 and November 30, Eqtec will receive GBP2.0 million, and if it is delayed beyond November Eqtec will receive the GBP2.0 million sum plus interest at 4% above the Bank of England base rate on any part of the settlement that it not paid according to the settlement terms. Read More