TIDMNTQ

RNS Number : 4594H

Enteq Upstream PLC

24 March 2020

Enteq Upstream plc ("Enteq" or the "Company")

Board changes

Enteq, the oilfield services technology and equipment supplier announces that Neil Hartley was appointed to the Board of Directors, as a Non-executive Director, and chairman of the Remuneration and Audit committees on 24

March 2020.   Neil also joins as a member of the Nomination committee.

Neil brings extensive senior private equity investor and Non-executive Director experience with over 25 years in operations, professional services and as private equity principal across a diverse set of energy industry services, equipment and technology companies globally. For the last 13 years Neil was with First Reserve Corporation, a leading global private equity investment firm exclusively focused on energy. After graduating from Oxford University with an engineering degree Neil trained with Schlumberger Ltd as a Field Engineer before moving onto McKinsey & Company as a Strategic Consultant following an MBA at Harvard Business School. Neil spent time in Investment Banking with Simmons & Company International before moving to First Reserve.

Robin Pinchbeck, who has been serving as a Non-executive Director since Enteq was admitted to AIM in 2011, retired from the Board on 24 March 2020. In addition, he has relinquished his membership of the Remuneration, Audit and Nomination committees.

Iain Paterson, Non-Executive Chairman of Enteq Upstream plc, commented:

"I am pleased to welcome Neil to the Board. His extensive knowledge of our sector plus his experience of private equity, investment banking and strategic consultancy will further enhance the Board's capabilities.

"I would like to thank Rob for the major contribution he has made to Enteq Upstream since his appointment. His counsel has proved invaluable to the Board throughout his tenure"

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 and Broker)                        +44 (0) 20 7597 5970

Chris Treneman, Patrick Robb, David Anderson

Additional disclosures pursuant to Schedule 2(g) of the AIM Rules with regards to the appointment of Neil John Hartley (aged 54 years):

 
 Current directorships and partnerships:   Past five years' directorships 
                                            and partnerships: 
 Renewi plc Telford Offshore Holdings      DOF Subsea AS DOF Subsea Holding 
  Limited First Reserve International       AS DOF Subsea Holding 2 AS M 
  Limited NJH Energy Ltd Trillium           Group Services Limited Thor Topco 
  Flow Technologies Holdco Limited          Limited Thor Midco Limited Thor 
  FR Flow Control Topco Limited             Holdco Limited First Reserve 
  Dolphin Invest 2 AS FR Dolphin            Momentum Corporate Limited Medieval 
  Lux Holdings SARL FR Norway 1             Limited 
  AS FR Norway 2 AS FR Norway 3 
  AS FR Norway 4 AS FR Norway 5 
  AS FR Norway 6 AS FR Norway 7 
  AS FR Norway 8 AS FR Norway 9 
  AS FR Norway 10 AS

There is no other information that is required to be disclosed with regards to the appointment of Neil Hartley pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

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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March 24, 2020 13:50 ET (17:50 GMT)

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