Enteq Technologies plc
("Enteq" or the "Company")
Notice of Annual General Meeting
Proposed Capital Reduction
Enteq Technologies plc (AIM: NTQ.L), the energy services technology and equipment supplier announces that the Company's Notice of Annual General Meeting (AGM) and Form of Proxy for voting at the AGM will today be posted to shareholders. Copies will be available shortly at the investor section of the Company's website at www.enteq.com
The AGM will take place at 11.00 a.m. on 25 September 2024 at the offices of Cavendish, 1 Bartholomew Close, London, EC1A 7BL.
The Notice of AGM includes, inter alia, Resolution 10, regarding a proposed reduction of capital. Resolution 10 will, if passed by special resolution, give the Directors the authority to reduce the capital of the Company (the "Proposed Capital Reduction") by cancelling the balance standing to the credit of the Company's share premium account. This would permit the Company to make distributions to shareholders in the future, should it be able to and decide to do so.
The Proposed Capital Reduction requires the confirmation of the Court. Following the passing of Resolution 10, an application will be made to the High Court of Justice to confirm the Proposed Capital Reduction.
The passing of Resolution 10 will not result in any change to the number or nominal value of the ordinary shares in the capital of the Company, will have no impact on the Company's cash position or on its net asset value, and will not itself involve any distribution or repayment of capital or share premium by the Company.
For further information, please contact:
Enteq Technologies plc +44 (0)20 8087 2202
Andrew Law, Chief Executive Officer
Cavendish Capital Markets Limited (NOMAD and Broker) +44 (0)20 7220 0500
Ed Frisby, George Lawson (Corporate Finance)
Andrew Burdis (ECM)
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