TIDMNTQ

RNS Number : 6817U

Enteq Technologies PLC

02 August 2022

Enteq Technologies plc

("Enteq" or the "Company")

Issue of Shares

and

Director/PDMR Shareholding

Enteq Technologies plc (AIM: NTQ.L) the energy services technology and equipment supplier, announces that on 1 August 2022 it issued and allotted 710,448 new ordinary shares of 1p each ("Ordinary Shares") to the Directors in compensation for the elements of remuneration foregone in respect of the period 1 December 2021 to 31 July 2022 at a price of 14.4p and in respect of the period 1 April 2021 to 31 March 2022 at a price of 15.8p.

The issue prices reflects the Company's average closing share price during the period to which the compensation relates. As with previous issues of this type this was in order to maximise the cash available to the business as a whole.

These new Ordinary Shares issued to the Directors were as follows:

Total holding after issue

 
                     Number of new                        % Enlarged issued 
                   Ordinary Shares   Number of Ordinary       share capital 
 Name                       issued               Shares 
 
 Andrew Law                341,109            1,560,512                2.24 
 David Steel               288,989            2,438,745                3.50 
 Martin Perry               27,790            4,596,600                6.59 
 Iain Paterson              27,781              600,241                0.86 
 Neil Hartley               24,779               84,549                0.12 
 

Application has been made for the 710,448 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 8 August 2022. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 69,724,006. There are no shares held in treasury. The figure of 69,724,006 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.

For further information, please contact:

   Enteq Technologies plc                                            +44 (0)20 8087 2202 

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)

 
            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 
                ---------------------------------  ------------------------------------ 
 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       Ordinary Shares of 1 pence 
                  instrument, type of instrument     each 
                  Identification code 
                                                     GB00B41Q8Q68 
                ---------------------------------  ------------------------------------ 
 b)              Nature of the transaction          Issue of shares in compensation 
                                                     for cash remuneration 
                ---------------------------------  ------------------------------------ 
 c)              Price(s) and volume(s)              Price(s)    Volume(s) 
                                                      GBP0.144    27,790 
                                                                 ---------- 
                ---------------------------------  ------------------------------------ 
 d)              Aggregated information             Not applicable - single transaction 
                ---------------------------------  ------------------------------------ 
 e)              Date of the transaction            1 August 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         Ordinary Shares of 1 pence 
                  instrument, type of instrument       each 
                  Identification code 
                                                       GB00B41Q8Q68 
                -----------------------------------  ---------------------------------- 
 b)              Nature of the transaction            Issue of shares in compensation 
                                                       for cash remuneration 
                -----------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)                Price(s)     Volume(s) 
                                                        GBP0.144     81,188 
                                                         GBP0.158     207,801 
                                                                    ---------- 
                -----------------------------------  ---------------------------------- 
 d)              Aggregated information               288,989 Ordinary Shares at 
                                                       a weighted average price of 
                                                       GBP0.154 
                -----------------------------------  ---------------------------------- 
 e)              Date of the transaction              1 August 2022 
                -----------------------------------  ---------------------------------- 
 f)              Place of the transaction             Outside a trading venue 
                -----------------------------------  ---------------------------------- 
 
 
                  Details of the person discharging managerial responsibilities/person 
             1.    closely associated 
 a)               Name                               Andrew Law 
                 ---------------------------------  ------------------------------------ 
                  Reason for the notification 
             2. 
                 ----------------------------------------------------------------------- 
 a)               Position/status                    Chief Executive Officer 
                 ---------------------------------  ------------------------------------ 
 b)               Initial notification/Amendment     Initial notification 
                 ---------------------------------  ------------------------------------ 
                  Details of the issuer, emission allowance market participant, 
             3.    auction platform, auctioneer or auction monitor 
                 ----------------------------------------------------------------------- 
 a)               Name                               Enteq Technologies 
                 ---------------------------------  ------------------------------------ 
 b)               LEI                                2138006BKS2MOAPRUB75 
                 ---------------------------------  ------------------------------------ 
                  Details of the transaction(s): section to be repeated 
             4.    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 pence each 
                   instrument, type of instrument 
                   Identification code                GB00B41Q8Q68 
                 ---------------------------------  ------------------------------------ 
 b)               Nature of the transaction          Issue of shares in compensation 
                                                      for cash remuneration 
                 ---------------------------------  ------------------------------------ 
 c)               Price(s) and volume(s)              Price(s)     Volume(s) 
                                                       GBP0.144     95,239 
                                                        GBP0.158     245,870 
                                                                   ---------- 
                 ---------------------------------  ------------------------------------ 
 d)               Aggregated information             341,109 Ordinary Shares at a 
                                                      weighted average price of GBP0.154 
                 ---------------------------------  ------------------------------------ 
 e)               Date of the transaction            1 August 2022 
                 ---------------------------------  ------------------------------------ 
 f)               Place of the transaction           Outside a trading venue 
                 ---------------------------------  ------------------------------------ 
 
 
                  Details of the person discharging managerial responsibilities/person 
             1.    closely associated 
 a)               Name                               Iain Paterson 
                 ---------------------------------  ------------------------------------ 
                  Reason for the notification 
             2. 
                 ----------------------------------------------------------------------- 
 a)               Position/status                    Non-executive Director 
                 ---------------------------------  ------------------------------------ 
 b)               Initial notification/Amendment     Initial notification 
                 ---------------------------------  ------------------------------------ 
                  Details of the issuer, emission allowance market participant, 
             3.    auction platform, auctioneer or auction monitor 
                 ----------------------------------------------------------------------- 
 a)               Name                               Enteq Technologies 
                 ---------------------------------  ------------------------------------ 
 b)               LEI                                2138006BKS2MOAPRUB75 
                 ---------------------------------  ------------------------------------ 
                  Details of the transaction(s): section to be repeated 
             4.    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 pence each 
                   instrument, type of instrument 
                   Identification code                GB00B41Q8Q68 
                 ---------------------------------  ------------------------------------ 
 b)               Nature of the transaction          Issue of shares in compensation 
                                                      for cash remuneration 
                 ---------------------------------  ------------------------------------ 
 c)               Price(s) and volume(s)              Price(s)    Volume(s) 
                                                       GBP0.144    27,781 
                                                                  ---------- 
                 ---------------------------------  ------------------------------------ 
 d)               Aggregated information             Not applicable - single transaction 
                 ---------------------------------  ------------------------------------ 
 e)               Date of the transaction            1 August 2022 
                 ---------------------------------  ------------------------------------ 
 f)               Place of the transaction           Outside a trading venue 
                 ---------------------------------  ------------------------------------ 
 
 
                  Details of the person discharging managerial responsibilities/person 
             1.    closely associated 
 a)               Name                               Neil Hartley 
                 ---------------------------------  ------------------------------------ 
                  Reason for the notification 
             2. 
                 ----------------------------------------------------------------------- 
 a)               Position/status                    Non-executive Director 
                 ---------------------------------  ------------------------------------ 
 b)               Initial notification/Amendment     Initial notification 
                 ---------------------------------  ------------------------------------ 
                  Details of the issuer, emission allowance market participant, 
             3.    auction platform, auctioneer or auction monitor 
                 ----------------------------------------------------------------------- 
 a)               Name                               Enteq Technologies 
                 ---------------------------------  ------------------------------------ 
 b)               LEI                                2138006BKS2MOAPRUB75 
                 ---------------------------------  ------------------------------------ 
                  Details of the transaction(s): section to be repeated 
             4.    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 pence each 
                   instrument, type of instrument 
                   Identification code                GB00B41Q8Q68 
                 ---------------------------------  ------------------------------------ 
 b)               Nature of the transaction          Issue of shares in compensation 
                                                      for cash remuneration 
                 ---------------------------------  ------------------------------------ 
 c)               Price(s) and volume(s)              Price(s)    Volume(s) 
                                                       GBP0.144    24,779 
                                                                  ---------- 
                 ---------------------------------  ------------------------------------ 
 d)               Aggregated information             Not applicable - single transaction 
                 ---------------------------------  ------------------------------------ 
 e)               Date of the transaction            1 August 2022 
                 ---------------------------------  ------------------------------------ 
 f)               Place of the transaction           Outside a trading venue 
                 ---------------------------------  ------------------------------------ 
 

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END

IOEQLLFBLVLZBBF

(END) Dow Jones Newswires

August 02, 2022 12:43 ET (16:43 GMT)

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