Enteq Upstream PLC Director/PDMR Shareholding (4072T)
July 03 2018 - 3:41AM
UK Regulatory
TIDMNTQ
RNS Number : 4072T
Enteq Upstream PLC
03 July 2018
Enteq Upstream plc
("Enteq" or the "Company")
Issue of shares
and
Director/PDMR Shareholding
Enteq, the oil and gas drilling technology Company, announces
that on 2 July 2018 it issued and allotted a total of 314,437 new
ordinary shares of 1p each ("Ordinary Shares") to Martin Perry
(CEO) and David Steel (Finance Director) in relation to the award
under the Performance Share Plan ("PSP") that came into effect on
29 June 2015. Under the terms of this award, the performance
conditions having been met, the consideration for these shares was
1p per share.
These new Ordinary Shares issued to the Directors were as
follows:
Total holding
after issue
Number % Enlarged
of new issued
Ordinary Number share capital
Shares of Ordinary
Name issued Shares
Martin Perry 234,155 2,202,729 3.53%
David Steel 80,282 1,020,737 1.63%
Application has been made for the 314,437 new Ordinary Shares to
be admitted to trading on AIM which is expected to occur on 9 July
2018. Following the above issue of new Ordinary Shares, the number
of Ordinary Shares (each carrying one vote) in issue is 62,452,093.
There are no shares held in treasury. The figure of 62,452,093 may
be used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interests in, or a change to their interests in, the share capital
of Enteq under the Disclosure and Transparency Rules.
For further information, please contact:
Enteq Upstream plc +44 (0)1494 618739
Martin Perry, Chief Executive
Officer
David Steel, Finance Director
Investec Bank plc (NOMAD +44 (0)207 597
and Broker) 4000
Chris Treneman, Patrick
Robb, David Anderson
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -----------------------------------------------------------------
a) Name 1. Martin Perry
2. David Steel
--- ------------------------------- --------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Finance Director
--- ------------------------------- --------------------------------
b) Initial notification/Amendment Initial notification
--- ------------------------------- --------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -----------------------------------------------------------------
a) Name Enteq Upstream
--- ------------------------------- --------------------------------
b) LEI n/a
--- ------------------------------- --------------------------------
4. Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date;
and (iv) each place where transactions have
been conducted
--- -----------------------------------------------------------------
a) Description of the financial Ordinary Shares of 1
instrument, type of pence each
instrument GB00B41Q8Q68
Identification code
--- ------------------------------- --------------------------------
b) Nature of the transaction Issue of shares in compensation
for cash remuneration
--- ------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------------
GBP0.01 1. 234,155
2. 80,282
--------- ----------------
--- ------------------------------- --------------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- --------------------------------
e) Date of the transaction 2 July 2018
--- ------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- --------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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