Issue of Shares

RNS Number : 7571G

Enteq Upstream PLC

24 November 2015

 

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas field services Company, announces that on 23 November 2015 it issued and allotted 469,717 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 June to 30 November 2015, at a price of 14.2p 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	62,739	1,054,579	1.77%
Neil Warner	68,775	266,608	0.45%
Iain Paterson	63,309	186,845	0.31%
Robin Pinchbeck	50,647	610,366	1.02%
David Steel	27,374	148,635	0.25%

Application has been made for the 469,717 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 1 December 2015. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 59,700,623.  There are no shares held in treasury.  The figure of 59,700,623 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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