Enteq Technologies - Issue of Shares and Director/PDMR Shareholding
26/09/2024 15:10
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RNS Number : 8644F Enteq Technologies PLC 26 September 2024
Enteq Technologies plc
("Enteq" or the "Company")
Issue of Shares
and
Director/PDMR Shareholding
Further to the announcement on 25 September 2024 in relation to the placing,
subscription and retail offer to raise up to £2.0 million and the circular
that was posted to shareholders of the Company on the same date (the
"Circular"), Enteq Technologies plc (AIM: NTQ.L), the specialist energy
services engineering and technology company, announces that on 25 September
2024 it issued and allotted a total of 458,901 new ordinary shares of 1p each
("Ordinary Shares") to certain current Directors of the Company and a former
Director in settlement of salary that has been earned and is due in respect of
the period 1 November 2023 to 31 March 2024, but payment of which was
deferred, at a price of 10.63p per new Ordinary Share.
As a reflection of their commitment to the Company, all of the Directors
during the period have opted to take some or all of their remuneration in
shares. As with previous issues of this type this was in order to effectively
conserve cash reserves, allowing for greater liquidity to the business as a
whole.
These new Ordinary Shares issued to the current Directors were as follows:
Total holding after issue
Name Number of new Ordinary Shares issued Number of Ordinary Shares % Enlarged issued share capital
Andrew Law 154,339 2,797,274 3.88
Martin Perry 164,628 4,975,653 6.90
Neil Hartley 82,314 274,039 0.38
Application has been made for the 458,901 new Ordinary Shares to be admitted
to trading on AIM which is expected to occur on 1 October 2024. Following the
above issue of new Ordinary Shares, the number of Ordinary Shares (each
carrying one vote) in issue is 72,076,715 and 50,000 Incentive Shares, it
being noted that the Incentive Shares do not entitle holders of them to
receive notice of, to attend, to speak or to vote at any general meeting of
the Company. There are no shares held in treasury. The figure of 72,076,715
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.
Capitalised terms used in this announcement that are not otherwise defined
shall have the meaning given to them in the Circular.
For further information, please contact:
Enteq Technologies
plc
+44 (0)20 8087 2202
www.enteq.com (http://www.enteq.com/)
Andrew Law, Chief Executive Officer
Cavendish Capital Markets Limited (NOMAD and Broker)
+44 (0)20 7220 0500
Ed Frisby, George Lawson (Corporate Finance)
Andrew Burdis (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 instrument, type of instrument Ordinary Shares of 1 pence 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)
£0.1063 164,628
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 25 September 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Not applicable - single transaction
e)
Date of the transaction
25 September 2024
f)
Place of the transaction
Outside a trading venue
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 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 instrument, type of instrument Ordinary Shares of 1 pence 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)
£0.1063 154,339
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 25 September 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Not applicable - single transaction
e)
Date of the transaction
25 September 2024
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name Neil Hartley
2. Reason for the notification
a) Position/status Non-Executive 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 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 instrument, type of instrument Ordinary Shares of 1 pence 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)
£0.1063 82,314
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 25 September 2024
f) Place of the transaction Outside a trading venue
d)
Aggregated information
Not applicable - single transaction
e)
Date of the transaction
25 September 2024
f)
Place of the transaction
Outside a trading venue
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