Last checked at 3 Jul 2018 09:41
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
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Name | Number of new Ordinary Shares issued | Number of Ordinary Shares | % Enlarged issued share capital |
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Martin Perry | 234,155 | 2,202,729 | 3.53% |
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David Steel | 80,282 | 1,020,737 | 1.63% |
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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
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Investec Bank plc (NOMAD and Broker) | +44 (0)207 597 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 instrument, type of instrument Identification code | Ordinary Shares of 1 pence each
GB00B41Q8Q68 | ||||
b) | Nature of the transaction | Issue of shares in compensation for cash remuneration | ||||
c) | Price(s) and volume(s)
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d) | Aggregated information | Not applicable - single transaction | ||||
e) | Date of the transaction | 2 July 2018 | ||||
f) | Place of the transaction | Outside a trading venue | ||||