Enteq Upstream PLC Director/PDMR Shareholding (2128V)
April 13 2021 - 2:00AM
UK Regulatory
TIDMNTQ
RNS Number : 2128V
Enteq Upstream PLC
13 April 2021
13 April 2021
Enteq Upstream plc
(the "Company" or the "Group")
Awards under the Enteq Upstream plc Performance Share Plan
("PSP")
Enteq Upstream plc announces that its Remuneration Committee
approved a further grant of awards under the Performance Share Plan
("PSP") that came into effect on 12 April 2021.
The awards pursuant to the PSP, combined with the on-going all
employee share option scheme already in existence, will remain
within the overall limits already approved by the Company's
shareholders.
This further grant has a vesting date of 31 March 2023. The
performance condition relates equally to the achievement of both a
cumulative adjusted EBITDA and a total shareholder growth target.
These targets are set and monitored by the Remuneration Committee.
The consideration payable for these awards is 1p per ordinary share
of 1p each in the capital of the Company ("Ordinary Shares").
Andrew Law (CEO) was provisionally granted, subject to the
performance conditions and rules of the scheme, a maximum of
500,000 Ordinary Shares, taking the total granted to him under the
PSP to date, to 1,040,387 Ordinary Shares.
For further information, please contact:
Enteq Upstream plc +44 (0)149 461 8739
Andrew Law, Chief Executive Officer
David Steel, Chief Financial Officer
Investec Bank plc (NOMAD and Broker) +44 (0)207 597
5970
Chris Sim, Patrick Robb, David Anderson
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name 1. Andrew Law
-------------------------------- --------------------------------------
2. Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. 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 Upstream
-------------------------------- --------------------------------------
b) LEI n/a
-------------------------------- --------------------------------------
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 Options over ordinary shares
instrument, type of instrument of 1 pence each
Identification code GB00B41Q8Q68
-------------------------------- --------------------------------------
b) Nature of the transaction Issue of options
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.01 1. 500,000
----------------------
-------------------------------- --------------------------------------
d) Aggregated information Not applicable - single transaction
-------------------------------- --------------------------------------
e) Date of the transaction 12 April 2021
-------------------------------- --------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- --------------------------------------
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHFLFSDSRIFLIL
(END) Dow Jones Newswires
April 13, 2021 02:00 ET (06:00 GMT)
Enteq Technologies (LSE:NTQ)
Historical Stock Chart
From Apr 2024 to May 2024
Enteq Technologies (LSE:NTQ)
Historical Stock Chart
From May 2023 to May 2024