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 +44 (0)20 8087 2202
Andrew Law, Chief Executive Officer
David Steel, Chief Financial Officer
finnCap Ltd (NOMAD and Broker) +44 (0)20 7220 0500
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)
|
| ||||
| 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)
|
| ||||
| 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)
|
| ||||
| 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)
|
| ||||
| 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)
|
| ||||
| 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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