Enteq Upstream PLC Director/PDMR Shareholding (0190V)

TIDMNTQ

RNS Number : 0190V

Enteq Upstream PLC

18 July 2018

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

and

PDMR shareholding

Enteq, the oil and gas drilling technology Company, announces that on 17 July 2018 it issued and allotted a total of 234,155 new ordinary shares of 1p each ("Ordinary Shares") to Raymond Garcia (COO) in relation to the award under the Performance Share Plan ("PSP") that came into effect on 29 June 2015. Under the terms of this award, the performance conditions having been met, the consideration for these shares was 1p per share.

Application has been made for the 234,155 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 23 July 2018. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 62,705,301. There are no shares held in treasury. The figure of 62,705,301 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:

 
 Enteq Upstream plc                       [phone] 
 Martin Perry, Chief Executive Officer 
 David Steel, Finance Director 
 Investec Bank plc (NOMAD and Broker)     [phone] 
 Chris Treneman, Patrick Robb, David 
  Anderson 
 
 
 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name                                    1. Raymond Garcia 
     ---------------------------------  ------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                         1. Chief Operating 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 Upstream 
     ---------------------------------  ------------------------------------ 
 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 each 
       instrument, type of instrument     GB00B41Q8Q68 
       Identification code 
     ---------------------------------  ------------------------------------ 
 b)   Nature of the transaction          Issue of shares in compensation 
                                          for cash remuneration 
     ---------------------------------  ------------------------------------ 
 c)   Price(s) and volume(s)              Price(s)    Volume(s) 
                                           GBP0.01          1. 234,155 
                                                      ---------------- 
     ---------------------------------  ------------------------------------ 
 d)   Aggregated information             Not applicable - single transaction 
     ---------------------------------  ------------------------------------ 
 e)   Date of the transaction            17 July 2018 
     ---------------------------------  ------------------------------------ 
 f)   Place of the transaction           Outside a trading venue 
     ---------------------------------  ------------------------------------ 
 

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July 18, 2018 04:30 ET (08:30 GMT)