Enteq Technologies PLC Awards under the Enteq Performance Share Plan (8857Q)
October 23 2023 - 2:04AM
UK Regulatory
TIDMNTQ
RNS Number : 8857Q
Enteq Technologies PLC
23 October 2023
Enteq Technologies plc
("Enteq" or the "Company")
Awards under the Enteq Technologies plc Performance Share Plan
("PSP")
Enteq Technologies plc (AIM: NTQ.L), the energy services
technology and equipment supplier announces that its Remuneration
Committee has approved a grant of awards under its Performance
Share Plan ("PSP") effective on 20 October 2023.
This grant has a vesting date of 20 October 2026. The vesting
performance condition relates to the achievement of a total
shareholder return target over the period to 31 March 2026. This
target is set and monitored by the Remuneration Committee. The
consideration payable for these awards on exercise is 1 pence per
ordinary share in the Company ("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 PSP options over 1,184,211 Ordinary
Shares, taking his total outstanding grants under the PSP scheme to
options over 2,593,876 Ordinary Shares.
Mark Ritchie (CFO) was granted PSP options over 736,842 Ordinary
Shares, taking his total outstanding grants under the PSP scheme to
options over 736,842 Ordinary Shares.
Neil Bird (Product Director), who is not on the Board but
considered a Person Discharging Managerial Responsibilities, was
granted PSP options over 447,368 Ordinary Shares, taking his total
outstanding grants under the PSP scheme to options over 945,703
Ordinary Shares.
For further information, please contact:
Enteq Technologies plc +44 (0)20 8087 2202
www.enteq.com
Andrew Law, Chief Executive Officer
Mark Ritchie, Chief Financial Officer
Cavendish Capital Markets Limited (NOMAD and Broker) +44 (0)20 7220 0500
Ed Frisby, Fergus Sullivan (Corporate Finance)
Andrew Burdis, Barney Hayward (ECM)
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 of
instrument, type of 1 pence each
instrument
Identification code GB00B41Q8Q68
b) Nature of the transaction Issue of options
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 0.01 1,184,211
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 20 October 2023
f) Place of the transaction Outside a trading venue
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mark Ritchie
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 Options over ordinary shares of
Financial instrument, 1 pence each
type of instrument
Identification code GB00B41Q8Q68
b) Nature of the transaction Issue of options
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 0.01 736,842
d) Aggregated information Not applicable - single transaction
e) Date of the transaction 20 October 2023
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 of
instrument, type of 1 pence each
instrument
Identification code GB00B41Q8Q68
b) Nature of the transaction Issue of options
c) Price(s) and volume(s) Price(s) Volume(s)
GBP 0.01 447,368
d) Aggregated information: Not applicable - single transaction
e) Date of the transaction 20 October 2023
f) Place of the transaction Outside a trading venue
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