ENTEQ TECHNOLOGIES PLC — Share Issue/Capital Change 2015

Jun 25, 2015

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 2918R

Enteq Upstream PLC

25 June 2015

25 June 2015

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas field services Company, announces that on 24 June 2015 it issued and allotted 83,504 new ordinary shares of 1p each ("Ordinary Shares") to Raymond Garcia, Chief Operating Officer, in compensation for cash salary foregone in respect of the period 17 February to 31 May 2015, at a price of 17.5p per new Ordinary Share. 

Mr Garcia's resultant holding is 668,700 Ordinary Shares representing approximately 1.1% of the enlarged issued share capital.

Application has been made for the 83,504 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 2 July 2015. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 59,230,906.  There are no shares held in treasury.  The figure of 59,230,906 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)149 461 8738
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 company news service from the London Stock Exchange

END

LISBRGDLCBDBGUU