EnQuest PLC Director/PDMR Shareholding (4761U)

TIDMENQ

RNS Number : 4761U

EnQuest PLC

01 August 2022

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
       Details of the person discharging managerial responsibilities 
  1     / person closely associated 
 a)    Name                                            1. Amjad Bseisu 
                                                        2. The Amjad & Suha Bseisu Foundation 
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       Reason for the notification 
  2 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Position/status                           1. Chief Executive of EnQuest PLC 
                                                  2. The Amjad & Suha Bseisu Foundation 
                                                  is a registered charity, of which Amjad 
                                                  Bseisu (CEO of EnQuest PLC) is a Trustee. 
      -----------------------------------  --------------------------------------------------------------------------- 
 b)    Initial notification                 Initial notification 
        /Amendment 
      -----------------------------------  --------------------------------------------------------------------------- 
       Details of the issuer, emission allowance market participant, 
  3     auction platform, auctioneer or auction monitor 
      ---------------------------------------------------------------------------------------------------------------- 
 a)    Name                                 EnQuest PLC 
      -----------------------------------  --------------------------------------------------------------------------- 
 b)    LEI                                  2138008LJU6WFQWOXJ73 
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       Details of the transaction(s): section to be repeated 
  4     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                   GBP0.05 ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                  GB00B635TG28 
 
 b)    Nature of the transaction                       1. Amjad Bseisu's EnQuest Nil Cost 
                                                        Share Options granted under the 2018 
                                                        and 2019 EnQuest Performance Share 
                                                        Plans are being exercised. 
                                                        2. The shares are being transferred 
                                                        directly into the Amjad & Suha Bseisu 
                                                        Foundation. 
 
                                                        On completion of the exercise and transfer 
                                                        process, Amjad Bseisu will have the 
                                                        ability to influence voting in respect 
                                                        of the following shareholdings in EnQuest 
                                                        PLC: 
 
                                                         *    The shareholding of Double A Limited, a company 
                                                              beneficially owned by the extended family of Amjad 
                                                              Bseisu - 10.48% (197,659,025 shares) 
 
 
                                                         *    The shareholding of The Amjad & Suha Bseisu 
                                                              Foundation, a registered charity, of which Amjad 
                                                              Bseisu (CEO of EnQuest PLC) is a Trustee - 1.72% 
                                                              (32,504,731 shares) 
 
 
                                                         *    The shareholding of Amjad Bseisu - 0.009% (176,959 
                                                              shares). 
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 c)    Price(s) and volume(s) 
                                                          ----------------------  ---------------------------------- 
                                                           Price                   Volume(s) 
                                                          ----------------------  ---------------------------------- 
                                            1.             GBPn/a                  4,604,010 
                                                          ----------------------  ---------------------------------- 
                                            2.             GBPn/a                  4,604,010 
                                                          ----------------------  ---------------------------------- 
 
 d)    Aggregated information               n/a 
 
        - Aggregated volume 
        - Price 
      -----------------------------------  ------------------------------------------------------------------------- 
 e)    Date of the transactions                        29 July 2022 
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 f)    Place of the transactions            n/a 
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Ends

For further information please contact:

EnQuest PLC Tel: [phone]

Kate Christ

Acting Company Secretary

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August 01, 2022 07:33 ET (11:33 GMT)