Additional Listing

RNS Number : 8148B

Enteq Upstream PLC

21 June 2016

 

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas drilling technology Company, announces that on 20 June 2016 it issued and allotted 261,380 new ordinary shares of 1p each ("Ordinary Shares") to the Directors and various senior managers at the Company in compensation for cash salary foregone in respect of the period 1 December 2015 to 30 May 2016, at a price of 12.4p per new Ordinary Share. 

The 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
	Martin Perry			14,151	1,068,730		1.78%
	Neil Warner			40,410	307,018		0.51%
	Iain Paterson			72,761	259,606		0.43%
	Robin Pinchbeck			66,028	676,394		1.13%

Application has been made for the 261,380 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 24 June 2016. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 59,962,003.  There are no shares held in treasury.  The figure of 59,962,003 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
David Steel, Finance Director
Investec Bank plc (NOMAD and Broker)	[phone]
Chris Treneman, Patrick Robb, David Anderson

 

END

 

 

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