Enteq Technologies - Director/PDMR Shareholding
08/07/2022 15:10
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RNS Number : 8963R Enteq Technologies PLC 08 July 2022
Enteq Technologies plc
(the "Company" or the "Group")
Awards under the Enteq Technologies plc Performance Share Plan ("PSP")
Enteq Technologies plc announces that its Remuneration Committee approved a
further grant of awards under the Performance Share Plan ("PSP"). This grant
came into effect on 8 July 2022 and combined with the on-going all employee
share option scheme already in existence, is within the overall limits already
approved by the Company's shareholders.
This further grant has a vesting date of 8 July 2025. The performance
conditions relate equally to the achievement of both a cumulative adjusted
EBITDA target and a total shareholder return growth target. These targets are
set and monitored by the Remuneration Committee. The consideration payable for
these awards on exercise is 1 pence per ordinary share. Under the terms of
the PSP these awards are subject to claw back and malus provisions, and no
holding period.
Andrew Law (CEO) was granted, subject to the performance conditions and rules
of the scheme, PSP options over 775,862 Ordinary Shares, taking his total
outstanding grants under the PSP scheme to options over 2,265,961 Ordinary
Shares.
David Steel (CFO) was granted, subject to the performance conditions and rules
of the scheme, PSP options over 639,310 Ordinary Shares, taking his total
outstanding grants under the PSP scheme to options over 1,654,897 Ordinary
Shares.
Neil Bird (Product Director) who is not on the Board but considered a Person
Discharging Managerial Responsibilities, was granted, subject to the
performance conditions and rules of the scheme, PSP options over 293,103
Ordinary Shares, taking his total outstanding grants under the PSP scheme to
options over 498,335 Ordinary Shares.
Suki Gill (VP Business Development & MWD Division) who is not on the Board
but considered a Person Discharging Managerial Responsibilities, was granted,
subject to the performance conditions and rules of the scheme, PSP options
over 237,931 Ordinary Shares, taking her total outstanding grants under the
PSP scheme to options over 237,931 Ordinary Shares.
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
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 Options over ordinary shares 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)
£0.01 775,862
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 8 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Not applicable - single transaction
e)
Date of the transaction
8 July 2022
f)
Place of the transaction
Outside 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
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 Options over ordinary shares 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)
£0.01 639,310
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 8 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Not applicable - single transaction
e)
Date of the transaction
8 July 2022
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name Neil Bird
2. Reason for the notification
a) Position/status Product 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
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 Options over ordinary shares 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)
£0.01 293,103
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 8 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Not applicable - single transaction
e)
Date of the transaction
8 July 2022
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name Suki Gill
2. Reason for the notification
a) Position/status VP Business Development & MWD Division
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
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 Options over ordinary shares 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)
£0.01 237,931
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 8 July 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Not applicable - single transaction
e)
Date of the transaction
8 July 2022
f)
Place of the transaction
Outside a trading venue
For further information, please contact:
Enteq Technologies plc
+44 (0)1494 618739
www.enteq.com (http://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, Emily Watts, Tim Harper (Corporate Finance)
Andrew Burdis, Barney Hayward (ECM)
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