TIDMNTQ

RNS Number : 8963R

Enteq Technologies PLC

08 July 2022

Enteq Technologies plc

(the "Company" or the "Group")

Awards under the Enteq Technologies plc Performance Share Plan ("PSP")

Enteq Technologies plc announces that its Remuneration Committee approved a further grant of awards under the Performance Share Plan ("PSP"). This grant came into effect on 8 July 2022 and combined with the on-going all employee share option scheme already in existence, is within the overall limits already approved by the Company's shareholders.

This further grant has a vesting date of 8 July 2025. The performance conditions relate equally to the achievement of both a cumulative adjusted EBITDA target and a total shareholder return growth target. These targets are set and monitored by the Remuneration Committee. The consideration payable for these awards on exercise is 1 pence per ordinary share. Under the terms of the PSP these awards are subject to claw back and malus provisions, and no holding period.

Andrew Law (CEO) was granted, subject to the performance conditions and rules of the scheme, PSP options over 775,862 Ordinary Shares, taking his total outstanding grants under the PSP scheme to options over 2,265,961 Ordinary Shares.

David Steel (CFO) was granted, subject to the performance conditions and rules of the scheme, PSP options over 639,310 Ordinary Shares, taking his total outstanding grants under the PSP scheme to options over 1,654,897 Ordinary Shares.

Neil Bird (Product Director) who is not on the Board but considered a Person Discharging Managerial Responsibilities, was granted, subject to the performance conditions and rules of the scheme, PSP options over 293,103 Ordinary Shares, taking his total outstanding grants under the PSP scheme to options over 498,335 Ordinary Shares.

Suki Gill (VP Business Development & MWD Division) who is not on the Board but considered a Person Discharging Managerial Responsibilities, was granted, subject to the performance conditions and rules of the scheme, PSP options over 237,931 Ordinary Shares, taking her total outstanding grants under the PSP scheme to options over 237,931 Ordinary Shares.

 
 
 
 
 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 
     --------------------------------  --------------------------------------- 
 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      Options over ordinary shares 
       instrument, type of instrument    of 1 pence each 
       Identification code 
                                         GB00B41Q8Q68 
     --------------------------------  --------------------------------------- 
 b)   Nature of the transaction         Issue of options 
     --------------------------------  --------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP0.01                      775,862 
                                                     ------------------------- 
     --------------------------------  --------------------------------------- 
 d)   Aggregated information            Not applicable - single transaction 
     --------------------------------  --------------------------------------- 
 e)   Date of the transaction           8 July 2022 
     --------------------------------  --------------------------------------- 
 f)   Place of the transaction          Outside a trading venue 
     --------------------------------  --------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               David Steel 
     ---------------------------------  ------------------------------------ 
 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 
     ---------------------------------  ------------------------------------ 
 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       Options over ordinary shares 
       instrument, type of instrument     of 1 pence each 
       Identification code 
                                          GB00B41Q8Q68 
     ---------------------------------  ------------------------------------ 
 b)   Nature of the transaction          Issue of options 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.01     639,310 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            8 July 2022 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               Neil Bird 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    Product 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 
     ---------------------------------  ------------------------------------ 
 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       Options over ordinary shares 
       instrument, type of instrument     of 1 pence each 
       Identification code 
                                          GB00B41Q8Q68 
     ---------------------------------  ------------------------------------ 
 b)   Nature of the transaction          Issue of options 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.01     293,103 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            8 July 2022 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                               Suki Gill 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                    VP Business Development & MWD 
                                          Division 
     ---------------------------------  ------------------------------------ 
 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 
     ---------------------------------  ------------------------------------ 
 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       Options over ordinary shares 
       instrument, type of instrument     of 1 pence each 
       Identification code 
                                          GB00B41Q8Q68 
     ---------------------------------  ------------------------------------ 
 b)   Nature of the transaction          Issue of options 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.01     237,931 
                                                      ---------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            8 July 2022 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 

For further information, please contact:

   Enteq Technologies plc                                                          +44 (0)1494 618739 

www.enteq.com

Andrew Law, Chief Executive Officer

David Steel, Chief Financial Officer

   finnCap Ltd (NOMAD and Broker)                                         +44 (0)20 7220 0500 

Ed Frisby, Emily Watts, Tim Harper (Corporate Finance)

Andrew Burdis, Barney Hayward (ECM)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHFLFISDTITIIF

(END) Dow Jones Newswires

July 08, 2022 10:10 ET (14:10 GMT)

Enteq Technologies (LSE:NTQ)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024 Haga Click aquí para más Gráficas Enteq Technologies.
Enteq Technologies (LSE:NTQ)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024 Haga Click aquí para más Gráficas Enteq Technologies.