Enteq Technologies PLC Issue of Shares and Director/PDMR Shareholdings (3848B)
June 01 2023 - 9:30AM
UK Regulatory
TIDMNTQ
RNS Number : 3848B
Enteq Technologies PLC
01 June 2023
Enteq Technologies plc
("Enteq" or the "Company")
Issue of Shares
and
Director/PDMR Shareholdings
Enteq Technologies plc (AIM: NTQ.L) the energy services
technology and equipment supplier, announces that on 1 June 2023 it
issued and allotted 890,133 new ordinary shares of 1p each
("Ordinary Shares") to all of the Directors in compensation for the
elements of remuneration foregone in respect of the period 1 August
2022 to 30 April 2023 at a price of 11.8p, and in addition to David
Steel at a price of 10.0p in respect of the period following 1 May
2023. The issue price of 11.8p reflects the Company's average
closing mid-market share price during the period to which the
compensation relates. The issue price of 10.0p reflects the closing
mid-market price on 31 May 2023. 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
Number of new % Enlarged issued
Ordinary Shares Number of Ordinary share capital
Name issued Shares
Andrew Law 265,973 1,926,485 2.73
David Steel 392,043 2,830,788 4.01
Martin Perry 116,025 4,712,625 6.67
Iain Paterson 58,116 658,357 0.93
Neil Hartley 57,976 142,525 0.20
Application has been made for the 890,133 new Ordinary Shares to
be admitted to trading on AIM which is expected to occur on 7 June
2023. Following the above issue of new Ordinary Shares, the number
of Ordinary Shares (each carrying one vote) in issue is 70,614,139.
There are no shares held in treasury. The figure of 70,614,139 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.
Further to the announcement made on 12 April 2023, the Company
now expects to announce its results for the year ended 31 March
2023 during July 2023.
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, Fergus Sullivan (Corporate Finance)
Andrew Burdis, Barney Hayward (ECM)
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name Andrew Law
--------------------------------- ------------------------------------
Reason for the notification
2.
-----------------------------------------------------------------------
a) Position/status Chief Executive Officer
--------------------------------- ------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------- ------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Enteq Technologies plc
--------------------------------- ------------------------------------
b) LEI 2138006BKS2MOAPRUB75
--------------------------------- ------------------------------------
Details of the transaction(s): section to be repeated
4. 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 Ordinary Shares of 1 pence each
instrument, type of instrument
Identification code GB00B41Q8Q68
--------------------------------- ------------------------------------
b) Nature of the transaction Issue of shares in compensation
for cash remuneration
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.118 265,973
----------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 1 June 2023
--------------------------------- ------------------------------------
f) Place of the transaction Outside of 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 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 Ordinary Shares of 1 pence
instrument, type of instrument each
Identification code
GB00B41Q8Q68
----------------------------------- ----------------------------------
b) Nature of the transaction Issue of shares in compensation
for cash remuneration
----------------------------------- ----------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.118 49,543
GBP0.100 342,500
----------
----------------------------------- ----------------------------------
d) Aggregated information 392,043 Ordinary Shares at
a weighted average price of
GBP0.102
----------------------------------- ----------------------------------
e) Date of the transaction 1 June 2023
----------------------------------- ----------------------------------
f) Place of the transaction Outside of 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 Ordinary Shares of 1 pence
instrument, type of instrument each
Identification code
GB00B41Q8Q68
--------------------------------- ------------------------------------
b) Nature of the transaction Issue of shares in compensation
for cash remuneration
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.118 116,025
----------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 1 June 2023
--------------------------------- ------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------- ------------------------------------
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name Iain Paterson
--------------------------------- ------------------------------------
Reason for the notification
2.
-----------------------------------------------------------------------
a) Position/status Non-executive Director
--------------------------------- ------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------- ------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Enteq Technologies plc
--------------------------------- ------------------------------------
b) LEI 2138006BKS2MOAPRUB75
--------------------------------- ------------------------------------
Details of the transaction(s): section to be repeated
4. 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 Ordinary Shares of 1 pence each
instrument, type of instrument
Identification code GB00B41Q8Q68
--------------------------------- ------------------------------------
b) Nature of the transaction Issue of shares in compensation
for cash remuneration
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.118 58,116
----------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 1 June 2023
--------------------------------- ------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------- ------------------------------------
Details of the person discharging managerial responsibilities/person
1. closely associated
a) Name Neil Hartley
--------------------------------- ------------------------------------
Reason for the notification
2.
-----------------------------------------------------------------------
a) Position/status Non-executive Director
--------------------------------- ------------------------------------
b) Initial notification/Amendment Initial notification
--------------------------------- ------------------------------------
Details of the issuer, emission allowance market participant,
3. auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name Enteq Technologies plc
--------------------------------- ------------------------------------
b) LEI 2138006BKS2MOAPRUB75
--------------------------------- ------------------------------------
Details of the transaction(s): section to be repeated
4. 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 Ordinary Shares of 1 pence each
instrument, type of instrument
Identification code GB00B41Q8Q68
--------------------------------- ------------------------------------
b) Nature of the transaction Issue of shares in compensation
for cash remuneration
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.118 57,976
----------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 1 June 2023
--------------------------------- ------------------------------------
f) Place of the transaction Outside of a trading venue
--------------------------------- ------------------------------------
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