Enteq Technologies PLC Director/PDMR Shareholding (8963R)
July 08 2022 - 10:10AM
UK Regulatory
TIDMNTQ
RNS Number : 8963R
Enteq Technologies PLC
08 July 2022
Enteq Technologies plc
(the "Company" or the "Group")
Awards under the Enteq Technologies plc Performance Share Plan
("PSP")
Enteq Technologies plc announces that its Remuneration Committee
approved a further grant of awards under the Performance Share Plan
("PSP"). This grant came into effect on 8 July 2022 and combined
with the on-going all employee share option scheme already in
existence, is within the overall limits already approved by the
Company's shareholders.
This further grant has a vesting date of 8 July 2025. The
performance conditions relate equally to the achievement of both a
cumulative adjusted EBITDA target and a total shareholder return
growth target. These targets are set and monitored by the
Remuneration Committee. The consideration payable for these awards
on exercise is 1 pence per 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, subject to the performance
conditions and rules of the scheme, PSP options over 775,862
Ordinary Shares, taking his total outstanding grants under the PSP
scheme to options over 2,265,961 Ordinary Shares.
David Steel (CFO) was granted, subject to the performance
conditions and rules of the scheme, PSP options over 639,310
Ordinary Shares, taking his total outstanding grants under the PSP
scheme to options over 1,654,897 Ordinary Shares.
Neil Bird (Product Director) who is not on the Board but
considered a Person Discharging Managerial Responsibilities, was
granted, subject to the performance conditions and rules of the
scheme, PSP options over 293,103 Ordinary Shares, taking his total
outstanding grants under the PSP scheme to options over 498,335
Ordinary Shares.
Suki Gill (VP Business Development & MWD Division) who is
not on the Board but considered a Person Discharging Managerial
Responsibilities, was granted, subject to the performance
conditions and rules of the scheme, PSP options over 237,931
Ordinary Shares, taking her total outstanding grants under the PSP
scheme to options over 237,931 Ordinary Shares.
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
instrument, type of instrument of 1 pence each
Identification code
GB00B41Q8Q68
-------------------------------- ---------------------------------------
b) Nature of the transaction Issue of options
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.01 775,862
-------------------------
-------------------------------- ---------------------------------------
d) Aggregated information Not applicable - single transaction
-------------------------------- ---------------------------------------
e) Date of the transaction 8 July 2022
-------------------------------- ---------------------------------------
f) Place of the transaction Outside a trading venue
-------------------------------- ---------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name David Steel
--------------------------------- ------------------------------------
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 financial Options over ordinary shares
instrument, type of instrument of 1 pence each
Identification code
GB00B41Q8Q68
--------------------------------- ------------------------------------
b) Nature of the transaction Issue of options
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.01 639,310
----------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 8 July 2022
--------------------------------- ------------------------------------
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
instrument, type of instrument of 1 pence each
Identification code
GB00B41Q8Q68
--------------------------------- ------------------------------------
b) Nature of the transaction Issue of options
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.01 293,103
----------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 8 July 2022
--------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name Suki Gill
--------------------------------- ------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status VP Business Development & MWD
Division
--------------------------------- ------------------------------------
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
instrument, type of instrument of 1 pence each
Identification code
GB00B41Q8Q68
--------------------------------- ------------------------------------
b) Nature of the transaction Issue of options
--------------------------------- ------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
GBP0.01 237,931
----------
--------------------------------- ------------------------------------
d) Aggregated information Not applicable - single transaction
--------------------------------- ------------------------------------
e) Date of the transaction 8 July 2022
--------------------------------- ------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------------- ------------------------------------
For further information, please contact:
Enteq Technologies plc +44 (0)1494 618739
www.enteq.com
Andrew Law, Chief Executive Officer
David Steel, Chief Financial Officer
finnCap Ltd (NOMAD and Broker) +44 (0)20 7220 0500
Ed Frisby, Emily Watts, Tim Harper (Corporate Finance)
Andrew Burdis, Barney Hayward (ECM)
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END
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