Enteq Technologies plc
("Enteq" or the "Company")
Issue of Shares
and
Director/PDMR Shareholding
Further to the announcement on 25 September 2024 in relation to the placing, subscription and retail offer to raise up to £2.0 million and the circular that was posted to shareholders of the Company on the same date (the "Circular"), Enteq Technologies plc (AIM: NTQ.L), the specialist energy services engineering and technology company, announces that on 25 September 2024 it issued and allotted a total of 458,901 new ordinary shares of 1p each ("Ordinary Shares") to certain current Directors of the Company and a former Director in settlement of salary that has been earned and is due in respect of the period 1 November 2023 to 31 March 2024, but payment of which was deferred, at a price of 10.63p per new Ordinary Share.
As a reflection of their commitment to the Company, all of the Directors during the period have opted to take some or all of their remuneration in shares. As with previous issues of this type this was in order to effectively conserve cash reserves, allowing for greater liquidity to the business as a whole.
These new Ordinary Shares issued to the current 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 | 154,339 | 2,797,274 | 3.88 |
| Martin Perry | 164,628 | 4,975,653 | 6.90 |
| Neil Hartley | 82,314 | 274,039 | 0.38 |
Application has been made for the 458,901 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 1 October 2024. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 72,076,715 and 50,000 Incentive Shares, it being noted that the Incentive Shares do not entitle holders of them to receive notice of, to attend, to speak or to vote at any general meeting of the Company. There are no shares held in treasury. The figure of 72,076,715 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.
Capitalised terms used in this announcement that are not otherwise defined shall have the meaning given to them in the Circular.
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)
| 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 | 25 September 2024 | ||||
| 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 | 25 September 2024 | ||||
| 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 | 25 September 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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