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19 Jun 2015 11:01
19 June 2015
Enteq Upstream plc
("Enteq" or the "Company")
Issue of shares
Enteq, the oil and gas field services Company, announces that on 18 June 2015 it issued and allotted 193,749 new ordinary shares of 1p each ("Ordinary Shares") to the Directors and various senior managers at the Company in compensation for cash salary foregone in respect of the period 17 February to 31 May 2015, at a price of 17.5p per new Ordinary Share. The new Ordinary Shares issued to the Directors were as follows:
Total holding after issue | |||
Name | Number of New Ordinary Shares issued | Number of Ordinary Shares | % Enlarged issued share capital |
Martin Perry | 33,038 | 991,840 | 1.68% |
Neil Warner | 26,381 | 197,833 | 0.33% |
Iain Paterson | 34,235 | 123,536 | 0.21% |
Robin Pinchbeck | 32,907 | 559,719 | 0.95% |
David Steel | 40,021 | 121,261 | 0.21% |
Application has been made for the 193,749 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 25 June 2015. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 59,147,402. There are no shares held in treasury. The figure of 59,147,402 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)149 461 8738 |
Martin Perry, Chief Executive Officer | |
David Steel, Finance Director | |
Investec Bank plc (NOMAD and Broker) | +44 (0)207 597 4000 |
Chris Treneman, Patrick Robb, David Anderson | |
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