Enteq Technologies
plc
("Enteq"
or the "Company")
Issue of
Shares
and
Director/PDMR Shareholding
Further to the announcement on 25
September 2024 in relation to the placing, subscription and retail
offer to raise up to £2.0 million and the circular that was posted
to shareholders of the Company on the same date (the "Circular"), Enteq Technologies plc
(AIM: NTQ.L), the specialist energy services engineering and
technology company, announces that on 25 September 2024 it issued
and allotted a total of 458,901 new ordinary shares of 1p each
("Ordinary Shares") to certain current Directors of the Company and
a former Director in settlement of salary
that has been earned and is due in respect of the period 1 November
2023 to 31 March 2024, but payment of which was deferred,
at a price of 10.63p per new Ordinary
Share.
As a reflection of their commitment
to the Company, all of the Directors during the period have opted
to take some or all of their remuneration in shares. As with
previous issues of this type this was in order to effectively
conserve cash reserves, allowing for greater liquidity to the
business as a whole.
These new Ordinary Shares issued to
the current Directors were as follows:
Total holding after issue
|
Name
|
Number of new Ordinary Shares
issued
|
Number of Ordinary
Shares
|
% Enlarged issued share
capital
|
|
|
|
|
|
|
Andrew Law
|
154,339
|
2,797,274
|
3.88
|
|
Martin Perry
|
164,628
|
4,975,653
|
6.90
|
|
Neil Hartley
|
82,314
|
274,039
|
0.38
|
Application has been made for the
458,901 new Ordinary Shares to be admitted to trading on AIM which
is expected to occur on 1 October 2024. Following the above issue
of new Ordinary Shares, the number of Ordinary Shares (each
carrying one vote) in issue is 72,076,715 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 72,076,715 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.
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 shares in compensation for
cash remuneration
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.1063
|
164,628
|
|
|
d)
|
Aggregated information
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
25 September 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
|
Issue of shares in compensation for
cash remuneration
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.1063
|
154,339
|
|
|
d)
|
Aggregated information
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
25 September 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 shares in compensation for
cash remuneration
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
£0.1063
|
82,314
|
|
|
d)
|
Aggregated information
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
25 September 2024
|
|
f)
|
Place of the transaction
|
Outside a trading venue
|