RNS Number : 1224I
Enteq Technologies PLC
14 October 2024
 

Enteq Technologies plc

("Enteq" or the "Company")

Result of General Meeting, Director/PDMR Shareholding and

Total Voting Rights

 

Enteq Technologies plc (AIM: NTQ.L), the specialist energy services engineering and technology company, announces the following:

 

Result of General Meeting

At the General Meeting held earlier today, all resolutions were duly passed.

 

Issue of Shares

As referred to in the Company's announcement of 7.00 a.m. on 25 September 2024, and following the General Meeting held earlier today, the Company has issued and allotted a total of 208,014 new Ordinary Shares to Martin Perry, Non-Executive Chairman, and Neil Hartley, Non-Executive Director, in settlement of salary that has been earned and is due in respect of the period 1 April 2024 to 30 September 2024, but where payment was deferred, and these Directors have opted to take this remuneration in Ordinary Shares. As with previous issues of this type this was in order to conserve cash reserves.

 

These new Ordinary Shares were issued at a price of 7.855 pence per new Ordinary Share, being the average closing mid-market price during the period in respect of which the salary entitlement relates. Further information is provided below. Application has been made for the 208,014 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 16 October 2024.

 

Director Shareholdings

A summary of each of the Directors' shareholdings is as follows:

 

Name

Number of new Ordinary Shares issued pursuant to the Fundraising

Number of new Ordinary Shares issued for the period 1/10/23 to 31/3/24*

Number of new Ordinary Shares issued for the period 1/4/24 to 30/9/24

Resultant shareholding

% of Enlarged Issued Share capital

Martin Perry

1,703,210

164,628

74,341

6,753,204

6.47

Andrew Law

1,500,070

154,339

-

4,297,344

4.12

David MacNeill

896,720

-

-

896,720

0.86

Neil Hartley

-

82,314

133,673

407,712

0.39

Total

4,100,000

401,281

208,014

12,354,980

11.84

 

*As announced on 26 September 2024

 

Total Voting Rights

Following Admission of the 24,586,320 Placing Shares, 5,413,680 Subscription Shares, 2,060,400 Retail Offer Shares, and the 208,014 new Ordinary Shares in part settlement of 1 April 2024 to 30 September 2024 salary as described above, all expected to take place at or around 8.00 a.m. on 16 October 2024, the number of Ordinary Shares (each carrying one vote) in issue will be 104,345,129 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 104,345,129 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 published by the Company on 25 September 2024. 

For further information, please contact:

Enteq Technologies plc                                                                                       +44 (0)20 8087 2202

www.enteq.com

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 Ordinary Shares in compensation for cash remuneration

c)

Price(s) and volume(s)

 

Average price for the period

Volume

7.855 pence

74,341

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

14 October 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 Ordinary Shares in compensation for cash remuneration

c)

Price(s) and volume(s)

 

Average Price for the period

Volume

7.855 pence

133,673

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

14 October 2024

f)

Place of the transaction

Outside 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

Director subscription in the Fundraising

c)

Price(s) and volume(s)

 

Price

Volume

5.00 pence

1,703,210

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

16 October 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

Director subscription in the Fundraising

c)

Price(s) and volume(s)

 

Price

Volume

5.00 pence

393,750

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

16 October 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

Director subscription in the Placing

c)

Price(s) and volume(s)

 

Price

Volume

5.00 pence

1,106,320

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

AIM

 

 

            1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

David MacNeill

            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

Director subscription in the Fundraising

c)

Price(s) and volume(s)

 

Price

Volume

5.00 pence

896,720

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

16 October 2024

f)

Place of the transaction

Outside a trading venue

 

 

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