TIDMNTQ

RNS Number : 4072T

Enteq Upstream PLC

03 July 2018

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

and

Director/PDMR Shareholding

Enteq, the oil and gas drilling technology Company, announces that on 2 July 2018 it issued and allotted a total of 314,437 new ordinary shares of 1p each ("Ordinary Shares") to Martin Perry (CEO) and David Steel (Finance Director) 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.

These new Ordinary Shares issued to the Directors were as follows:

 
                             Total holding 
                              after issue 
                    Number                      % Enlarged 
                    of new                          issued 
                  Ordinary         Number    share capital 
                    Shares    of Ordinary 
 Name               issued         Shares 
 
 Martin Perry      234,155      2,202,729            3.53% 
 David Steel        80,282      1,020,737            1.63%

Application has been made for the 314,437 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 9 July 2018. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 62,452,093. There are no shares held in treasury. The figure of 62,452,093 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               +44 (0)1494 618739 
 Martin Perry, Chief Executive 
  Officer 
 David Steel, Finance Director 
 Investec Bank plc (NOMAD         +44 (0)207 597 
  and Broker)                      4000 
 Chris Treneman, Patrick 
  Robb, David Anderson 
 
 
 
 
 
 1.   Details of the person discharging managerial 
       responsibilities/person closely associated 
---  ----------------------------------------------------------------- 
 a)   Name                                  1. Martin Perry 
                                             2. David Steel 
---  -------------------------------  -------------------------------- 
 2.   Reason for the notification 
---  ----------------------------------------------------------------- 
 a)   Position/status                       1. Chief Executive Officer 
                                             2. Finance 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 Upstream 
---  -------------------------------  -------------------------------- 
 b)   LEI                              n/a 
---  -------------------------------  -------------------------------- 
 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 
       instrument, type of              pence each 
       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 
                                                          2. 80,282 
                                        ---------  ---------------- 
---  -------------------------------  -------------------------------- 
 d)   Aggregated information           Not applicable - single 
                                        transaction 
---  -------------------------------  -------------------------------- 
 e)   Date of the transaction          2 July 2018 
---  -------------------------------  -------------------------------- 
 f)   Place of the transaction         Outside a trading venue 
---  -------------------------------  --------------------------------

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 03, 2018 04:41 ET (08:41 GMT)

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