Enteq Technologies PLC Awards under the Enteq Performance Share Plan (8857Q)

TIDMNTQ

RNS Number : 8857Q

Enteq Technologies PLC

23 October 2023

Enteq Technologies plc

("Enteq" or the "Company")

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

Enteq Technologies plc (AIM: NTQ.L), the energy services technology and equipment supplier announces that its Remuneration Committee has approved a grant of awards under its Performance Share Plan ("PSP") effective on 20 October 2023.

This grant has a vesting date of 20 October 2026. The vesting performance condition relates to the achievement of a total shareholder return target over the period to 31 March 2026. This target is set and monitored by the Remuneration Committee. The consideration payable for these awards on exercise is 1 pence per ordinary share in the Company ("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 PSP options over 1,184,211 Ordinary Shares, taking his total outstanding grants under the PSP scheme to options over 2,593,876 Ordinary Shares.

Mark Ritchie (CFO) was granted PSP options over 736,842 Ordinary Shares, taking his total outstanding grants under the PSP scheme to options over 736,842 Ordinary Shares.

Neil Bird (Product Director), who is not on the Board but considered a Person Discharging Managerial Responsibilities, was granted PSP options over 447,368 Ordinary Shares, taking his total outstanding grants under the PSP scheme to options over 945,703 Ordinary Shares.

For further information, please contact:

   Enteq Technologies plc                                            [phone] 

www.enteq.com

Andrew Law, Chief Executive Officer

Mark Ritchie, Chief Financial Officer

   Cavendish Capital Markets Limited (NOMAD and Broker)          [phone] 

Ed Frisby, Fergus Sullivan (Corporate Finance)

Andrew Burdis, Barney Hayward (ECM)

 
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 of 
     instrument, type of             1 pence each 
     instrument 
    Identification code             GB00B41Q8Q68 
b)  Nature of the transaction       Issue of options 
c)  Price(s) and volume(s)          Price(s)   Volume(s) 
                                     GBP 0.01   1,184,211 
d)  Aggregated information          Not applicable - single transaction 
e)  Date of the transaction         20 October 2023 
f)  Place of the transaction        Outside a trading venue 
 
 
1.  Details of the person discharging managerial responsibilities 
     / person closely associated 
a)  Name                            Mark Ritchie 
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              Options over ordinary shares of 
     Financial instrument,           1 pence each 
     type of instrument 
    Identification code             GB00B41Q8Q68 
b)  Nature of the transaction       Issue of options 
c)  Price(s) and volume(s)          Price(s)   Volume(s) 
                                     GBP 0.01     736,842 
d)  Aggregated information          Not applicable - single transaction 
e)  Date of the transaction         20 October 2023 
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 of 
     instrument, type of             1 pence each 
     instrument 
    Identification code             GB00B41Q8Q68 
b)  Nature of the transaction       Issue of options 
c)  Price(s) and volume(s)          Price(s)   Volume(s) 
                                     GBP 0.01     447,368 
d)  Aggregated information:         Not applicable - single transaction 
e)  Date of the transaction         20 October 2023 
f)  Place of the transaction        Outside a trading venue 
 

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October 23, 2023 02:04 ET (06:04 GMT)