TIDMNTQ

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

 
                                 Number of new                        % Enlarged issued 
                               Ordinary Shares   Number of Ordinary       share capital 
 Name                                   issued               Shares 
 
 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       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) 
                                                      GBP0.1125    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 
                ---------------------------------  ------------------------------------ 
 
 
                  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) 
                                                       GBP0.1125    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 
                 ---------------------------------  ------------------------------------ 
 
 
                  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) 
                                                       GBP0.1125    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 
                 ---------------------------------  ------------------------------------ 
 
 
                  Details of the person discharging managerial responsibilities/person 
             1.    closely associated 
 a)               Name                               Mark Ritchie 
                 ---------------------------------  ------------------------------------ 
                  Reason for the notification 
             2. 
                 ----------------------------------------------------------------------- 
 a)               Position/status                    Chief Financial 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) 
                                                       GBP0.1125    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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END

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