Director/PDMR Shareholding

RNS Number : 8505F

EnQuest PLC

17 July 2019

 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.   Amjad Bseisu 2.   The Amjad & Suha Bseisu Foundation
2	Reason for the notification
a)	Position/status	1.   Chief Executive of EnQuest PLC 2.   The Amjad & Suha Bseisu Foundation is a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC)  is a Trustee.
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	EnQuest PLC
b)	LEI	2138008LJU6WFQWOXJ73
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	£0.05 ordinary shares
	Identification code	GB00B635TG28
b)	Nature of the transaction	1.   Amjad Bseisu's EnQuest Nil Cost Share Options (2010 RSP, 2011 PSP, 2012 PSP, 2013 PSP, 2014 PSP, 2015 PSP, 2016 PSP, 2016 ED-DB, 2017 ED-DB) are being exercised. 2.   The shares are being transferred directly into the Amjad & Suha Bseisu Foundation. On completion of the exercise and transfer process, and taking into account the purchase of 1,037,334 ordinary shares by the Amjad & Suha Bseisu Foundation on 10 July 2019 announced on 12 July, Amjad Bseisu will have the ability to influence voting in respect of the following shareholdings in EnQuest PLC: ·      The shareholding of Double A Limited, a discretionary trust in which the extended family of Amjad Bseisu has a beneficial interest - 9.23% (156,500,154 shares). ·      The shareholding of The Amjad & Suha Bseisu Foundation, a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC)  is a Trustee - 0.88% (14,889,373 shares). ·      The shareholding of Amjad Bseisu - 0.01% (167,547 shares).
c)	Price(s) and volume(s)
			Price	Volume(s)
		1.	£n/a	7,607,325
		2.	£n/a	7,607,325
d)	Aggregated information - Aggregated volume - Price	n/a
e)	Date of the transactions	16 July 2019
f)	Place of the transactions	n/a

Ends

For further information please contact:

EnQuest PLC                                                                                                                  Tel: [phone]

Stefan Ricketts    

Company Secretary

 

END

 

 

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