Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
| 1
| Details of the person discharging managerial responsibilities / person closely associated | ||||
| a)
| Name
| 1. Amjad Bseisu 2. The Amjad & Suha Bseisu Foundation
| |||
| 2
| Reason for the notification
| ||||
| a)
| Position/status
| 1. Chief Executive of EnQuest PLC 2. The Amjad & Suha Bseisu Foundation is a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC) is a Trustee.
| |||
| b)
| Initial notification /Amendment
| Initial notification | |||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||
| a)
| Name
| EnQuest PLC | |||
| b)
| LEI
| 2138008LJU6WFQWOXJ73 | |||
| 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 | £0.05 ordinary shares | |||
| | | ||||
| Identification code | GB00B635TG28 | ||||
| | | ||||
| b)
| Nature of the transaction
| 1. Amjad Bseisu's EnQuest Nil Cost Share Options granted under the 2017 EnQuest Performance Share Plan are being exercised. 2. The shares are being transferred directly into the Amjad & Suha Bseisu Foundation.
On completion of the exercise and transfer process, Amjad Bseisu will have the ability to influence voting in respect of the following shareholdings in EnQuest PLC:
· The shareholding of Double A Limited, a discretionary trust in which the extended family of Amjad Bseisu has a beneficial interest - 9.51% (161,380,583 shares) · The shareholding of The Amjad & Suha Bseisu Foundation, a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC) is a Trustee - 1.21% (20,554,304 shares) · The shareholding of Amjad Bseisu - 0.01% (167,547 shares).
| |||
| c)
| Price(s) and volume(s) | | | | |
| | | Price | Volume(s) | | |
| | 1. | £n/a | 2,396,980 | | |
| | 2. | £n/a | 2,396,980 | | |
| |
| | | | |
| d) | Aggregated information
- Aggregated volume - Price
| n/a
| | ||
| e)
| Date of the transactions
| 30 March 2021 | |||
| f)
| Place of the transactions
| n/a | |||
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Stefan Ricketts
Company Secretary
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