Source - LSE Regulatory
RNS Number : 2061S
Enteq Technologies PLC
02 November 2023
 

 

 

Enteq Technologies plc

("Enteq" or the "Company")

 

 

Issue of shares

and

Director/PDMR Shareholding

 

Enteq Technologies plc (AIM: NTQ.L) the energy services technology supplier, announces that on 1 November 2023 it issued and allotted 1,053,675 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 May 2023 to 31 October 2023 at a price of 11.25p.  As a reflection of their commitment to the Company, all of the Directors have opted to take some or all of their remuneration in shares, with 100% of the 2023 annual bonus being issued in shares. 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

716,450

2,642,935

3.69

David Steel (resigned)*

102,341

2,933,129

4.09

Martin Perry

98,400

4,811,025

6.71

Iain Paterson (resigned)*

52,844

711,201

0.99

Neil Hartley

49,200

191,725

0.27

Mark Ritchie

34,440

34,440

0.05

 

*No longer a Director/PDMR.

 

Application has been made for the 1,053,675 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 7 November 2023. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 71,667,814. There are no shares held in treasury. The figure of 71,667,814 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

Mark Ritchie, Chief Financial Officer

 

Cavendish Capital Markets Limited (NOMAD and Broker)          +44 (0)20 7220 0500

Ed Frisby, Fergus Sullivan (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 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 shares in compensation for cash remuneration

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.1125

98,400

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

1 November 2023

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

Issue of shares in compensation for cash remuneration

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.1125

716,450

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

1 November 2023

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 shares in compensation for cash remuneration

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.1125 

49,200 

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

1 November 2023

f)

Place of the transaction

Outside a trading venue

 

            1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Mark Ritchie

            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 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 shares in compensation for cash remuneration

c)

Price(s) and volume(s)

 

Price(s)

Volume(s)

£0.1125 

34,440 

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

1 November 2023

f)

Place of the transaction

Outside a trading venue

 

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