Director/PDMR Shareholding

RNS Number : 3448I

Enteq Upstream PLC

02 July 2013

 

Enteq Upstream plc

Awards under the Enteq Upstream Plc Enterprise Management Incentive Scheme (the "EMIS")

Enteq Upstream Plc ("Enteq" or the "Company") announces that on 1 July 2013 options were granted over ordinary shares of 1p each in the Company ("Ordinary Shares") under the rules of the EMIS (the "Awards") to a Director as follows:

Director	Exercise price per Ordinary Share	Number of Ordinary Shares over which options awarded	Total number of Ordinary Shares held under option after this Award
Ian Leaman	62.0 pence	282,258	807,258

Under normal circumstances the Awards will vest and become exercisable three years following the date of grant. Once vested, the Awards may be exercised at any time up to the tenth anniversary of the date of grant. There are no performance conditions associated with this grant. No consideration was paid for the Awards.

Enquiries

Enteq Upstream plc	[phone]
Martin Perry, Chief Executive Officer
Ian Leaman, Chief Financial Officer
Investec Bank plc	[phone]
James Grace, Patrick Robb, David Anderson

 

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