Issue of Shares and Director/PDMR Shareholding

RNS Number : 6817U

Enteq Technologies PLC

02 August 2022

 

Enteq Technologies plc

("Enteq" or the "Company")

Issue of Shares

and

Director/PDMR Shareholding

Enteq Technologies plc (AIM: NTQ.L) the energy services technology and equipment supplier, announces that on 1 August 2022 it issued and allotted 710,448 new ordinary shares of 1p each ("Ordinary Shares") to the Directors in compensation for the elements of remuneration foregone in respect of the period 1 December 2021 to 31 July 2022 at a price of 14.4p and in respect of the period 1 April 2021 to 31 March 2022 at a price of 15.8p.

The issue prices reflects the Company's average closing share price during the period to which the compensation relates. As with previous issues of this type this was in order to maximise the cash available to the business as a whole.

These new Ordinary Shares issued to the 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	341,109	1,560,512	2.24
David Steel	288,989	2,438,745	3.50
Martin Perry	27,790	4,596,600	6.59
Iain Paterson	27,781	600,241	0.86
Neil Hartley	24,779	84,549	0.12

Application has been made for the 710,448 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 8 August 2022. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 69,724,006. There are no shares held in treasury.  The figure of 69,724,006 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.

For further information, please contact:

Enteq Technologies plc  [phone]

www.enteq.com  

Andrew Law, Chief Executive Officer

David Steel, Chief Financial Officer

finnCap Ltd (NOMAD and Broker)    [phone]

Ed Frisby, Emily Watts, Tim Harper (Corporate Finance)

Andrew Burdis, Barney Hayward (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
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 Identification code	Ordinary Shares of 1 pence each GB00B41Q8Q68
b)	Nature of the transaction	Issue of shares in compensation for cash remuneration
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.144 27,790
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	David Steel
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 Identification code	Ordinary Shares of 1 pence each GB00B41Q8Q68
b)	Nature of the transaction	Issue of shares in compensation for cash remuneration
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.144 £0.158 81,188 207,801
d)	Aggregated information	288,989 Ordinary Shares at a weighted average price of £0.154
e)	Date of the transaction	1 August 2022
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
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 Identification code	Ordinary Shares of 1 pence each GB00B41Q8Q68
b)	Nature of the transaction	Issue of shares in compensation for cash remuneration
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.144 £0.158 95,239 245,870
d)	Aggregated information	341,109 Ordinary Shares at a weighted average price of £0.154
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Outside a trading venue

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Iain Paterson
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
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 Identification code	Ordinary Shares of 1 pence each GB00B41Q8Q68
b)	Nature of the transaction	Issue of shares in compensation for cash remuneration
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.144 27,781
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	1 August 2022
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
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 Identification code	Ordinary Shares of 1 pence each GB00B41Q8Q68
b)	Nature of the transaction	Issue of shares in compensation for cash remuneration
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.144 24,779
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	1 August 2022
f)	Place of the transaction	Outside a trading venue

 

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