Result of General Meeting, Director Dealings & TVR
Enteq Technologies plc
("Enteq" or the "Company")
Result of General Meeting, Director/PDMR Shareholding and
Total Voting Rights
Enteq Technologies plc (AIM: NTQ.L), the specialist energy services engineering and technology company, announces the following:
Result of General Meeting
At the General Meeting held earlier today, all resolutions were duly passed.
Issue of Shares
As referred to in the Company's announcement of 7.00 a.m. on 25 September 2024, and following the General Meeting held earlier today, the Company has issued and allotted a total of 208,014 new Ordinary Shares to Martin Perry, Non-Executive Chairman, and Neil Hartley, Non-Executive Director, in settlement of salary that has been earned and is due in respect of the period 1 April 2024 to 30 September 2024, but where payment was deferred, and these Directors have opted to take this remuneration in Ordinary Shares. As with previous issues of this type this was in order to conserve cash reserves.
These new Ordinary Shares were issued at a price of 7.855 pence per new Ordinary Share, being the average closing mid-market price during the period in respect of which the salary entitlement relates. Further information is provided below. Application has been made for the 208,014 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 16 October 2024.
Director Shareholdings
A summary of each of the Directors' shareholdings is as follows:
|
Name |
Number of new Ordinary Shares issued pursuant to the Fundraising |
Number of new Ordinary Shares issued for the period 1/10/23 to 31/3/24* |
Number of new Ordinary Shares issued for the period 1/4/24 to 30/9/24 |
Resultant shareholding |
% of Enlarged Issued Share capital |
|
Martin Perry |
1,703,210 |
164,628 |
74,341 |
6,753,204 |
6.47 |
|
Andrew Law |
1,500,070 |
154,339 |
- |
4,297,344 |
4.12 |
|
David MacNeill |
896,720 |
- |
- |
896,720 |
0.86 |
|
Neil Hartley |
- |
82,314 |
133,673 |
407,712 |
0.39 |
|
Total |
4,100,000 |
401,281 |
208,014 |
12,354,980 |
11.84 |
*As announced on 26 September 2024
Total Voting Rights
Following Admission of the 24,586,320 Placing Shares, 5,413,680 Subscription Shares, 2,060,400 Retail Offer Shares, and the 208,014 new Ordinary Shares in part settlement of 1 April 2024 to 30 September 2024 salary as described above, all expected to take place at or around 8.00 a.m. on 16 October 2024, the number of Ordinary Shares (each carrying one vote) in issue will be 104,345,129 and 50,000 Incentive Shares, it being noted that the Incentive Shares do not entitle holders of them to receive notice of, to attend, to speak or to vote at any general meeting of the Company. There are no shares held in treasury. The figure of 104,345,129 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.
Capitalised terms used in this announcement that are not otherwise defined shall have the meaning given to them in the Circular published by the Company on 25 September 2024.
For further information, please contact:
Enteq Technologies plc +44 (0)20 8087 2202
Andrew Law, Chief Executive Officer
Cavendish Capital Markets Limited (NOMAD and Broker) +44 (0)20 7220 0500
Ed Frisby, George Lawson (Corporate Finance)
Andrew Burdis (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 plc |
||||
|
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 Ordinary Shares in compensation for cash remuneration |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
14 October 2024 |
||||
|
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 plc |
||||
|
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 Ordinary Shares in compensation for cash remuneration |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
14 October 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
|
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 plc |
||||
|
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 |
Director subscription in the Fundraising |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
16 October 2024 |
||||
|
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 plc |
||||
|
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 |
Director subscription in the Fundraising |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
16 October 2024 |
||||
|
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 plc |
||||
|
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 |
Director subscription in the Placing |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
16 October 2024 |
||||
|
f) |
Place of the transaction |
AIM |
||||
|
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name |
David MacNeill |
||||
|
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 plc |
||||
|
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 |
Director subscription in the Fundraising |
||||
|
c) |
Price(s) and volume(s)
|
|
||||
|
d) |
Aggregated information |
Not applicable - single transaction |
||||
|
e) |
Date of the transaction |
16 October 2024 |
||||
|
f) |
Place of the transaction |
Outside a trading venue |
||||
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