ENTEQ TECHNOLOGIES PLC — Director's Dealing 2018

Jul 18, 2018

National Storage Mechanism | Additional information

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RNS Number : 0190V

Enteq Upstream PLC

18 July 2018

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

and

PDMR shareholding

Enteq, the oil and gas drilling technology Company, announces that on 17 July 2018 it issued and allotted a total of 234,155 new ordinary shares of 1p each ("Ordinary Shares") to Raymond Garcia (COO) 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.

Application has been made for the 234,155 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 23 July 2018. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 62,705,301.  There are no shares held in treasury.  The figure of 62,705,301 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 5970
Chris Treneman, Patrick Robb, David Anderson

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

1.   Raymond Garcia

2.

Reason for the notification

a)

Position/status

1.   Chief Operating 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 Upstream

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 instrument, type of instrument

Identification code

Ordinary Shares of 1 pence each

GB00B41Q8Q68

b)

Nature of the transaction

Issue of shares in compensation for cash remuneration

c)

Price(s) and volume(s)

Price(s)	Volume(s)
£0.01	1.   234,155

d)

Aggregated information

Not applicable - single transaction

e)

Date of the transaction

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

END

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