17 Jul 2019 11:30
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1 ย | Details of the person discharging managerial responsibilities / person closely associated ย | ||||
a) ย | Name ย | 1. Amjad Bseisu 2. The Amjad & Suha Bseisu Foundation ย | |||
2 ย | Reason for the notification ย | ||||
a) ย | Position/status ย | 1. Chief Executive of EnQuest PLC 2. The Amjad & Suha Bseisu Foundation is a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC) is a Trustee. ย | |||
b) ย | Initial notification /Amendment ย | Initial notification | |||
3 ย | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ย | ||||
a) ย | Name ย | EnQuest PLC | |||
b) ย | LEI ย | 2138008LJU6WFQWOXJ73 | |||
4 ย | 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 ย | ||||
a) ย | Description of the financial instrument, type of instrument | ยฃ0.05 ordinary shares | |||
ย | ย | ||||
Identification code | GB00B635TG28 | ||||
ย | ย | ||||
b) ย | Nature of the transaction ย ย | 1. Amjad Bseisu's EnQuest Nil Cost Share Options (2010 RSP, 2011 PSP, 2012 PSP, 2013 PSP, 2014 PSP, 2015 PSP, 2016 PSP, 2016 ED-DB, 2017 ED-DB) are being exercised. 2. The shares are being transferred directly into the Amjad & Suha Bseisu Foundation. ย On completion of the exercise and transfer process, and taking into account the purchase of 1,037,334 ordinary shares by the Amjad & Suha Bseisu Foundation on 10 July 2019 announced on 12 July, Amjad Bseisu will have the ability to influence voting in respect of the following shareholdings in EnQuest PLC: ย ยท The shareholding of Double A Limited, a discretionary trust in which the extended family of Amjad Bseisu has a beneficial interest - 9.23% (156,500,154 shares). ยท The shareholding of The Amjad & Suha Bseisu Foundation, a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC) is a Trustee - 0.88% (14,889,373 shares). ยท The shareholding of Amjad Bseisu - 0.01% (167,547 shares). ย | |||
c) ย | Price(s) and volume(s) | ย | ย | ย | ย |
ย | ย | Price | Volume(s) | ย | |
ย | 1. | ยฃn/a | 7,607,325 | ย | |
ย | 2. | ยฃn/a | 7,607,325 | ย | |
ย |
| ย | ย | ย | |
d) | Aggregated information ย - Aggregated volume - Price ย | n/a ย | ย | ||
e) ย | Date of the transactions ย | 16 July 2019 | |||
f) ย | Place of the transactions ย | n/a | |||
ย
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Stefan Ricketts
Company Secretary
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