Enteq Upstream PLC Issue of Shares (0942S)
16 December 2016 - 10:45PM
UK Regulatory
TIDMNTQ
RNS Number : 0942S
Enteq Upstream PLC
16 December 2016
Enteq Upstream plc
("Enteq" or the "Company")
Issue of shares
Enteq, the oil and gas field services Company, announces that on
15 December 2016 it issued and allotted 207,070 new ordinary shares
of 1p each ("Ordinary Shares") to the Directors and various senior
managers at the Company in compensation for cash salary foregone in
respect of the period 1 June to 31 December 2016, at a price of
15.4p per new Ordinary Share. This issue price reflects Enteq's
average closing share price during the calculation period of 6 June
2016 to 6 December 2016.
These new Ordinary Shares issued to the Directors were as
follows:
Total holding
after issue
Number % Enlarged
of new issued
Ordinary Number share capital
Shares of Ordinary
Name issued Shares
Martin Perry 39,685 1,293,904 2.13%
Iain Paterson 67,997 327,603 0.54%
Robin Pinchbeck 54,398 730,792 1.20%
Application has been made for the 207,070 new Ordinary Shares to
be admitted to trading on AIM which is expected to occur on 23
December 2016. Following the above issue of new Ordinary Shares the
number of Ordinary Shares (each carrying one vote) in issue is
60,711,629. There are no shares held in treasury. The figure of
60,711,629 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 and Transparency
Rules.
For further information, please contact:
Enteq Upstream plc +44 (0)1494 618741
Martin Perry, Chief Executive
Officer
David Steel, Finance Director
Investec Bank plc (NOMAD +44 (0)207 597
and Broker) 4000
Chris Treneman, Patrick
Robb, David Anderson
1. Details of the person discharging managerial
responsibilities/person closely associated
--- -----------------------------------------------------------------
a) Name 1. Martin Perry
2. Iain Paterson
3. Robin Pinchbeck
--- ------------------------------- --------------------------------
2. Reason for the notification
--- -----------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chairman
3. 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 Upstream
--- ------------------------------- --------------------------------
b) LEI n/a
--- ------------------------------- --------------------------------
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 Ordinary Shares of 1
instrument, type of pence each
instrument GB00B41Q8Q68
Identification code
--- ------------------------------- --------------------------------
b) Nature of the transaction Issue of shares in compensation
for cash salary foregone
--- ------------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------------
GBP0.154 1. 39,685
2. 67,997
3. 54,398
--------- ----------------
--- ------------------------------- --------------------------------
d) Aggregated information Not applicable - single
transaction
--- ------------------------------- --------------------------------
e) Date of the transaction 15 December 2016
--- ------------------------------- --------------------------------
f) Place of the transaction Outside a trading venue
--- ------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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