Issue of Shares and Director/PDMR Shareholding

RNS Number : 6817U
Enteq Technologies PLC
02 August 2022
 

 

 

Enteq Technologies plc

("Enteq" or the "Company")

 

 

Issue of Shares

and

Director/PDMR Shareholding

 

Enteq Technologies plc (AIM: NTQ.L) the energy services technology and equipment supplier, announces that on 1 August 2022 it issued and allotted 710,448 new ordinary shares of 1p each ("Ordinary Shares") to the Directors in compensation for the elements of remuneration foregone in respect of the period 1 December 2021 to 31 July 2022 at a price of 14.4p and in respect of the period 1 April 2021 to 31 March 2022 at a price of 15.8p.

 

The issue prices reflects the Company's average closing share price during the period to which the compensation relates. As with previous issues of this type this was in order to maximise the cash available to the business as a whole.

 

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





Andrew Law

341,109

1,560,512

2.24

David Steel

288,989

2,438,745

3.50

Martin Perry

27,790

4,596,600

6.59

Iain Paterson

27,781

600,241

0.86

Neil Hartley

24,779

84,549

0.12

 

 

Application has been made for the 710,448 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 8 August 2022. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 69,724,006. There are no shares held in treasury.  The figure of 69,724,006 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 Guidance and Transparency Rules.

 

 

 

For further information, please contact:

Enteq Technologies plc  +44 (0)20 8087 2202

www.enteq.com  

Andrew Law, Chief Executive Officer

David Steel, Chief Financial Officer

finnCap Ltd (NOMAD and Broker)    +44 (0)20 7220 0500

Ed Frisby, Emily Watts, Tim Harper (Corporate Finance)

Andrew Burdis, Barney Hayward (ECM)

 



 

  1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Martin Perry

 

  2.

Reason for the notification

a)

Position/status

Chairman

 

b)

Initial notification/Amendment

Initial notification

  3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Enteq Technologies

b)

LEI

2138006BKS2MOAPRUB75

  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)

£0.144

 

 

 

 

 

27,790

 

 

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Outside a trading venue

 

  1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David Steel

 

  2.

Reason for the notification

a)

Position/status

Chief Financial Officer

 

b)

Initial notification/Amendment

Initial notification

  3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Enteq Technologies

b)

LEI

2138006BKS2MOAPRUB75

  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)

£0.144

£0.158

 

 

 

 

81,188

207,801 

d)

Aggregated information

288,989 Ordinary Shares at a weighted average price of £0.154

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Outside a trading venue

 

  1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Andrew Law

 

  2.

Reason for the notification

a)

Position/status

Chief Executive Officer

 

b)

Initial notification/Amendment

Initial notification

  3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Enteq Technologies

b)

LEI

2138006BKS2MOAPRUB75

  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)

£0.144

£0.158

 

 

 

 

95,239

245,870 

d)

Aggregated information

341,109 Ordinary Shares at a weighted average price of £0.154

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Outside a trading venue

 

  1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Iain Paterson

 

  2.

Reason for the notification

a)

Position/status

Non-executive 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 Technologies

b)

LEI

2138006BKS2MOAPRUB75

  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)

£0.144

 

 

 

 

 

27,781

 

 

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Outside a trading venue

 

  1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Neil Hartley

  2.

Reason for the notification

a)

Position/status

Non-executive 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 Technologies

b)

LEI

2138006BKS2MOAPRUB75

  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)

£0.144

 

 

 

 

 

24,779

 

 

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

1 August 2022

f)

Place of the transaction

Outside a trading venue

 

 

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