Issue of Shares

RNS Number : 0942S

Enteq Upstream PLC

16 December 2016

 

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas field services Company, announces that on 15 December 2016 it issued and allotted 207,070 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 31 December 2016, at a price of 15.4p per new Ordinary Share.   This issue price reflects Enteq's average closing share price during the calculation period of 6 June 2016 to 6 December 2016.

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
Martin Perry	39,685	1,293,904		2.13%
Iain Paterson	67,997	327,603		0.54%
Robin Pinchbeck	54,398	730,792		1.20%

Application has been made for the 207,070 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 23 December 2016. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 60,711,629.  There are no shares held in treasury.  The figure of 60,711,629 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

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	1.   Martin Perry 2.   Iain Paterson 3.   Robin Pinchbeck
2.	Reason for the notification
a)	Position/status	1.   Chief Executive Officer 2.   Chairman 3.   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 Upstream
b)	LEI	n/a
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 salary foregone
c)	Price(s) and volume(s)	Price(s) Volume(s) £0.154 1.   39,685 2.   67,997 3.   54,398
d)	Aggregated information	Not applicable - single transaction
e)	Date of the transaction	15 December 2016
f)	Place of the transaction	Outside a trading venue

 

END

 

 

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