REG - Enteq Technologies - Awards under the Enteq Performance Share Plan

Enteq TechnologiesAnnouncement

23/10/2023 07:15

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RNS Number : 8857Q  Enteq Technologies PLC  23 October 2023

Enteq Technologies plc

("Enteq" or the "Company")

Awards under the Enteq Technologies plc Performance Share Plan ("PSP")

Enteq Technologies plc (AIM: NTQ.L), the energy services technology and
equipment supplier announces that its Remuneration Committee has approved a
grant of awards under its Performance Share Plan ("PSP") effective on 20
October 2023.

This grant has a vesting date of 20 October 2026. The vesting performance
condition relates to the achievement of a total shareholder return target over
the period to 31 March 2026. This target is set and monitored by the
Remuneration Committee. The consideration payable for these awards on exercise
is 1 pence per ordinary share in the Company ("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 PSP options over 1,184,211 Ordinary Shares,
taking his total outstanding grants under the PSP scheme to options over
2,593,876 Ordinary Shares.

Mark Ritchie (CFO) was granted PSP options over 736,842 Ordinary Shares,
taking his total outstanding grants under the PSP scheme to options over
736,842 Ordinary Shares.

Neil Bird (Product Director), who is not on the Board but considered a Person
Discharging Managerial Responsibilities, was granted PSP options over 447,368
Ordinary Shares, taking his total outstanding grants under the PSP scheme to
options over 945,703 Ordinary Shares.

 

 

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

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                                                         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)
                                                                                        GBP 0.01  1,184,211

 

 d)                        Aggregated information                                       Not applicable - single transaction

 e)                        Date of the transaction                                      20 October 2023
 f)                        Place of the transaction                                     Outside a trading venue

 

 

 

 

d)

Aggregated information

 

Not applicable - single transaction

e)

Date of the transaction

20 October 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 1.                        Details of the person discharging managerial responsibilities / person closely
                           associated
 a)                        Name                                                         Mark Ritchie
 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)
                                                                                        GBP 0.01  736,842

 

 d)                        Aggregated information                                       Not applicable - single transaction

 e)                        Date of the transaction                                      20 October 2023
 f)                        Place of the transaction                                     Outside a trading venue

 

 

 

 

d)

Aggregated information

 

Not applicable - single transaction

e)

Date of the transaction

20 October 2023

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)
                                                                                        GBP 0.01  447,368

 

 d)                        Aggregated information:                                      Not applicable - single transaction

 e)                        Date of the transaction                                      20 October 2023
 f)                        Place of the transaction                                     Outside a trading venue

 

 

 

 

d)

Aggregated information:

 

Not applicable - single transaction

e)

Date of the transaction

20 October 2023

f)

Place of the transaction

Outside a trading venue

 

 

 

 

 

 

 

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