Enteq Upstream PLC Additional Listing (1361D)

TIDMNTQ

RNS Number : 1361D

Enteq Upstream PLC

04 July 2016

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas field services Company, announces that on 30 June 2016 it issued and allotted 447,446 new ordinary shares of 1p each ("Ordinary Shares") to the Executive Directors, at a price of 12.5p per new Ordinary Share. This issue relates to the element payable in shares, of the annual bonus plan for the year to 31 March 2016, as set out in the Remuneration Committee Report contained within the Consolidated Financial Statements for the year to 31 March 2016. The new Ordinary Shares issued to the Directors were as follows:

 
                                Total holding 
                                  after issue 
           Number                  % Enlarged 
           of New                      issued 
         Ordinary         Number        share 
           Shares    of Ordinary      capital 
 Name      issued         Shares 
 
 
 Martin Perry      185,489   1,254,219   2.08 
 Raymond Garcia    213,138     881,837   1.46 
 David Steel        48,819     197,454   0.33 
 

Application has been made for the 447,446 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 8 July 2016. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 60,409,449. There are no shares held in treasury. The figure 60,409,449 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:

 
                                  [phone] 
 Enteq Upstream plc                8738 
 Martin Perry, Chief Executive 
  Officer 
 David Steel, Finance Director 
 
 Investec Bank plc (NOMAD         [phone] 
  and Broker)                      4000 
 Chris Treneman, Patrick 
  Robb, David Anderson 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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July 04, 2016 05:42 ET (09:42 GMT)