Energy Technique PLC Exercise of Options (0984I)

TIDMETQ

RNS Number : 0984I

Energy Technique PLC

04 December 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Energy Technique plc

("Energy Technique" or the "Company")

Exercise of Options and Rule 2.10 Disclosure

The Company announces that it has applied for the admission to trading on AIM of a total of 333,050 new ordinary shares of 10 pence each ("Ordinary Shares") which have been issued pursuant to an exercise (the "Exercise") of options over Ordinary Shares by directors and employees of the Company. All of the options have an exercise price of 43.5 pence. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares and admission is expected to become effective on 8 December 2015.

Leigh Stimpson and Martin Reid, both directors of the Company, have each exercised options over 83,263 Ordinary Shares. Following the Exercise Mr. Stimpson and Mr. Reid will be beneficially interested in 260,017 Ordinary Shares representing approximately 9.54 per cent. of the issued ordinary share capital of the Company and 204,869 Ordinary Shares representing approximately 7.52 per cent. of the issued ordinary share capital of the Company respectively.

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Company advises that, following the issue of the new Ordinary Shares pursuant to the Exercise, the Company's issued share capital will be 2,723,566 Ordinary Shares which also represents the Company's total number of Ordinary Shares with voting rights. The International Securities Identification Number for the Ordinary Shares is GB00B6V9F139.

The above figure of 2,723,566 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

 
Energy Technique plc 
Leigh Stimpson - CEO                 +44 (0)20 8783 0033 
Robert Unsworth- Company Secretary 
 
finnCap Limited                      +44 (0)20 7220 0500 
Ed Frisby/Scott Mathieson

Dealing disclosure requirements

Under Rule 8.3(a) of the Code, any person who is interested in one per cent. or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the offer period and, if later, following the announcement in which any securities exchange offeror is first identified.

An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) of the Code applies must be made by no later than 3.30 p.m. on the 10th Business Day following the commencement of the offer period and, if appropriate, by no later than 3.30 p.m. on the 10th Business Day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in one per cent. or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of (i) the offeree company and (ii) any securities exchange offeror(s), save to the extent that these details have previously been disclosed under Rule 8 of the Code. A Dealing Disclosure by a person to whom Rule 8.3(b) of the Code applies must be made by no later than 3.30 p.m. on the Business Day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3 of the Code.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel on Takeovers and Mergers' website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the offer period commenced and when any offeror was first identified. You should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129 if you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 04, 2015 10:21 ET (15:21 GMT)

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