Enteq Upstream PLC Issue of Equity (9951L)

TIDMNTQ

RNS Number : 9951L

Enteq Upstream PLC

05 May 2020

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas drilling technology Company, announces that on 5 May 2020 it issued and allotted a total of 357,569 new ordinary shares of 1p each ("Ordinary Shares") to a senior manager who is not considered to be a person discharging managerial responsibilities in relation to the award under the Performance Share Plan ("PSP") that came into effect on 29 June 2015. Under the terms of this award, the performance conditions having been met, the consideration for these shares was 1p per new Ordinary Share.

Application has been made for the 357,569 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 12 May 2020. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 65,846,213. There are no shares held in treasury. The figure of 65,846,213 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                       +44 (0)1494 618739 
 Martin Perry, Chief Executive Officer 
 David Steel, Finance Director 
 Investec Bank plc (NOMAD and Broker)     +44 (0)207 597 4000 
 Chris Treneman, Patrick Robb, David 
  Anderson

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

IOESSDFFIESSELI

(END) Dow Jones Newswires

May 05, 2020 07:45 ET (11:45 GMT)

Enteq Technologies (AQSE:NTQ.GB)
Historical Stock Chart
From Jun 2024 to Jul 2024