Issue of Equity

RNS Number : 7597I

Enteq Upstream PLC

15 December 2020

 

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

and

Director/PDMR Shareholding

Enteq, the energy technology Company, announces that on 15 December 2020 it issued and allotted 233,463 new ordinary shares of 1p each ("Ordinary Shares") to both the Executive and Non-Executive Directors in compensation for remuneration due.

These new Ordinary Shares were issued in compensation for the elements of remuneration foregone in relation to the period 1 July 2020 to 30 November 2020 and 1 April 2020 to 30 November 2020 respectively, at a prices of 13.7p and 13.4p per new Ordinary Share.  These issue prices reflect the Company's average share price during the periods to which the compensation relates. 

These 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
Iain Paterson	29,814	535,879		0.79
Neil Hartley	27,081	27,081		-
Martin Perry	72,883	3,962,704		5.84
Andrew Law	53,708	778,034		1.15
David Steel	49,977	1,670,572		2.46

Application has been made for the 233,463 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 21 December 2020. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 67,834,698.  There are no shares held in treasury.  The figure of 67,834,698 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

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.  Iain Paterson 2.  Neil Hartley 3.  Martin Perry 4.  Andrew Law 5.  David Steel
	Reason for the notification
a)	Position/status	1.  Non-Executive Chairman 2.  Non-Executive Director 3.  Chief Executive Officer 4.  Commercial Director 5.  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)	Price(s) Volume(s) 1.  £0.134 2.  £0.134 3.  £0.137 4.  £0.137 5.  £0.137 1.  29,814 2.  27,081 3.  72,883 4.  53,708 5.  49,977
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	15 December 2020
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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