Issue of Shares and Director/PDMR Shareholdings

Enteq Technologies PLC

01 June 2023

 

Enteq Technologies plc

("Enteq" or the "Company")

Issue of Shares

and

Director/PDMR Shareholdings

Enteq Technologies plc (AIM: NTQ.L) the energy services technology and equipment supplier, announces that on 1 June 2023 it issued and allotted 890,133 new ordinary shares of 1p each ("Ordinary Shares") to all of the Directors in compensation for the elements of remuneration foregone in respect of the period 1 August 2022 to 30 April 2023 at a price of 11.8p, and in addition to David Steel at a price of 10.0p in respect of the period following 1 May 2023. The issue price of 11.8p reflects the Company's average closing mid-market share price during the period to which the compensation relates. The issue price of 10.0p reflects the closing mid-market price on 31 May 2023. 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	265,973	1,926,485	2.73
David Steel	392,043	2,830,788	4.01
Martin Perry	116,025	4,712,625	6.67
Iain Paterson	58,116	658,357	0.93
Neil Hartley	57,976	142,525	0.20

Application has been made for the 890,133 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 7 June 2023. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 70,614,139. There are no shares held in treasury. The figure of 70,614,139 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.

Further to the announcement made on 12 April 2023, the Company now expects to announce its results for the year ended 31 March 2023 during July 2023.

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, Fergus Sullivan (Corporate Finance)

Andrew Burdis, Barney Hayward (ECM)

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	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 plc
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) £0.118 265,973
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	1 June 2023
f)	Place of the transaction	Outside of 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 plc
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) £0.118 £0.100  49,543 342,500
d)	Aggregated information	392,043 Ordinary Shares at a weighted average price of £0.102
e)	Date of the transaction	1 June 2023
f)	Place of the transaction	Outside of a trading venue

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 plc
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) £0.118  116,025
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	1 June 2023
f)	Place of the transaction	Outside of 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 plc
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) £0.118 58,116
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	1 June 2023
f)	Place of the transaction	Outside of 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 plc
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) £0.118 57,976
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	1 June 2023
f)	Place of the transaction	Outside of a trading venue

 

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