Enteq Upstream PLC Issue of Equity (0486J)
August 14 2019 - 5:07AM
UK Regulatory
TIDMNTQ
RNS Number : 0486J
Enteq Upstream PLC
14 August 2019
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 13 August 2019 it issued and allotted 1,603,217 new
ordinary shares of 1p each ("Ordinary Shares") to the Executive
Directors and a senior manager in compensation for remuneration
due.
Of these new Ordinary Shares 561,582 were issued in compensation
for the elements of remuneration foregone in respect of the period
1 April 2018 to 31 March 2019, at prices of 23.5p and 28.0p per new
Ordinary Share. These issue prices reflect the Company's average
share price during the periods to which the compensation relates.
In addition, 1,041,635 new Ordinary Shares were issued 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 of Number of % Enlarged
new Ordinary Ordinary issued share
Name Shares issued Shares capital
Martin Perry 611,866 3,344,413 5.11%
David Steel 197,067 1,001,218 1.53%
Application has been made for the 1,603,217 new Ordinary Shares
to be admitted to trading on AIM which is expected to occur on 20
August 2019. Following the above issue of new Ordinary Shares, the
number of Ordinary Shares (each carrying one vote) in issue is
65,488,644. There are no shares held in treasury. The figure of
65,488,644 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 and Broker) +44 (0)207 597 5970
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
3. Raymond Garcia
--------------------------------- ------------------------------------
Reason for the notification
-----------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Finance Director
3. Chief Operating Officer
--------------------------------- ------------------------------------
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 2138006BKS2MOAPRUB75
--------------------------------- ------------------------------------
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 pence each
instrument, type of 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)
GBP0.010 1. 457,692
GBP0.280 2. 126,251
GBP0.235 3. 457,692
1. 137,696
2. 70,816
3. 336,592
1. 16,478
-----------------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 13 August 2019
--------------------------------- ------------------------------------
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
IOESFIFSLFUSESA
(END) Dow Jones Newswires
August 14, 2019 06:07 ET (10:07 GMT)
Enteq Technologies (LSE:NTQ)
Historical Stock Chart
From Apr 2024 to May 2024
Enteq Technologies (LSE:NTQ)
Historical Stock Chart
From May 2023 to May 2024
