Additional Listing

RNS Number : 1361D

Enteq Upstream PLC

04 July 2016

 

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas field services Company, announces that on 30 June 2016 it issued and allotted 447,446 new ordinary shares of 1p each ("Ordinary Shares") to the Executive Directors, at a price of 12.5p per new Ordinary Share.  This issue relates to the element payable in shares, of the annual bonus plan for the year to 31 March 2016, as set out in the Remuneration Committee Report contained within the Consolidated Financial Statements for the year to 31 March 2016.  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	185,489	1,254,219	2.08
Raymond Garcia	213,138	881,837	1.46
David Steel	48,819	197,454	0.33

Application has been made for the 447,446 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 8 July 2016. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 60,409,449.  There are no shares held in treasury.  The figure 60,409,449 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	[phone]
Martin Perry, Chief Executive Officer
David Steel, Finance Director
Investec Bank plc (NOMAD and Broker)	[phone]
Chris Treneman, Patrick Robb, David Anderson

 

END

 

 

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