viewEnteq Upstream PLC

Enteq Upstream PLC - Issue of Equity

RNS Number : 9951L
Enteq Upstream PLC
05 May 2020



Enteq Upstream plc

("Enteq" or the "Company")



Issue of shares



Enteq, the oil and gas drilling technology Company, announces that on 5 May 2020 it issued and allotted a total of 357,569 new ordinary shares of 1p each ("Ordinary Shares") to a senior manager who is not considered to be a person discharging managerial responsibilities 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 new Ordinary Share.


Application has been made for the 357,569 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 12 May 2020. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 65,846,213.  There are no shares held in treasury.  The figure of 65,846,213 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 and Broker)

+44 (0)207 597 4000

Chris Treneman, Patrick Robb, David Anderson



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 [email protected] or visit www.rns.com.

Quick facts: Enteq Upstream PLC

Price: 13.5

Market: AIM
Market Cap: £8.89 m

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Enteq Upstream PLC: Analyst expects new business opportunities to lead to...

Proactive Research analyst Ed Stacey gives his assessment of Enteq Upstream PLC's (LON:NTQ) results for the year-end March 2020 as well as the ongoing trading environment. Stacey says overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. He...

6 days, 1 hour ago