Enteq Technologies plc
("Enteq" or the "Company")
Issue of shares
and
Director/PDMR Shareholding
Enteq Technologies plc (AIM: NTQ.L) the energy services technology supplier, announces that on 1 November 2023 it issued and allotted 1,053,675 new ordinary shares of 1p each ("Ordinary Shares") to the Directors in compensation for the elements of remuneration foregone in respect of the period 1 May 2023 to 31 October 2023 at a price of 11.25p. As a reflection of their commitment to the Company, all of the Directors have opted to take some or all of their remuneration in shares, with 100% of the 2023 annual bonus being issued in shares. 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 | 716,450 | 2,642,935 | 3.69 |
| David Steel (resigned)* | 102,341 | 2,933,129 | 4.09 |
| Martin Perry | 98,400 | 4,811,025 | 6.71 |
| Iain Paterson (resigned)* | 52,844 | 711,201 | 0.99 |
| Neil Hartley | 49,200 | 191,725 | 0.27 |
| Mark Ritchie | 34,440 | 34,440 | 0.05 |
*No longer a Director/PDMR.
Application has been made for the 1,053,675 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 7 November 2023. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 71,667,814. There are no shares held in treasury. The figure of 71,667,814 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.
For further information, please contact:
Enteq Technologies plc +44 (0)20 8087 2202
Andrew Law, Chief Executive Officer
Mark Ritchie, Chief Financial Officer
Cavendish Capital Markets Limited (NOMAD and Broker) +44 (0)20 7220 0500
Ed Frisby, Fergus Sullivan (Corporate Finance)
Andrew Burdis, Barney Hayward (ECM)
| 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 November 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 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 November 2023 | ||||
| f) | Place of the transaction | Outside 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 November 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Mark Ritchie | ||||
| 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 | Not applicable - single transaction | ||||
| e) | Date of the transaction | 1 November 2023 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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