Director Dealing

RNS Number : 5875E

Enteq Upstream PLC

01 June 2012

 



Enteq Upstream plc

("Enteq" or the "Company")

Enteq, the oil and gas field services Company, announces that on 31 May 2012 it granted Ian Leaman, Chief Financial Officer, options over 525,000 ordinary shares of 1p each ("Ordinary Shares").  These options are exercisable between 31 May 2015 and 30 May 2022 with an exercise price of 117.5p per Ordinary Share.  The Company also announces that on 31 May 2012 it issued and allotted to Mr Leaman 50,000 Ordinary Shares representing approximately 0.08 per cent. of the Company's existing issued ordinary share capital at an issue price of 1p per Ordinary Share.  Mr Leaman has no further interests in the Company's ordinary share capital.

Application will be made for the 50,000 Ordinary Shares to be admitted to trading on AIM which is expected to occur on 8 June 2012. Following the above issue of Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 58,953,653.  There are no shares held in treasury.  The figure of 58,953,653 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 and Transparency Rules.

For further information, please contact:

Enteq Upstream plc	[phone]
Martin Perry, Chief Executive Officer
Ian Leaman, Chief Financial Officer
Investec Bank plc	[phone]
James Grace, Patrick Robb
David Anderson
Pelham Bell Pottinger	[phone]
Mark Antelme, Charlie Stewart

 

END

 

 

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