TIDMNTQ

RNS Number : 8148B

Enteq Upstream PLC

21 June 2016

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas drilling technology Company, announces that on 20 June 2016 it issued and allotted 261,380 new ordinary shares of 1p each ("Ordinary Shares") to the Directors and various senior managers at the Company in compensation for cash salary foregone in respect of the period 1 December 2015 to 30 May 2016, at a price of 12.4p per new Ordinary Share.

The new Ordinary Shares issued to the Directors were as follows:

 
                                                  Total holding 
                                                    after issue 
 
                             Number                  % Enlarged 
                             of New                      issued 
                           Ordinary         Number        share 
                             Shares    of Ordinary      capital 
  Name                       issued         Shares 
 
  Martin Perry               14,151      1,068,730        1.78% 
  Neil Warner                40,410        307,018        0.51% 
  Iain Paterson              72,761        259,606        0.43% 
  Robin Pinchbeck            66,028        676,394        1.13%

Application has been made for the 261,380 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 24 June 2016. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 59,962,003. There are no shares held in treasury. The figure of 59,962,003 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:

 
                                  +44 (0)149 461 
 Enteq Upstream plc                8738 
 Martin Perry, Chief Executive 
  Officer 
 David Steel, Finance Director 
 
 Investec Bank plc (NOMAD         +44 (0)207 597 
  and Broker)                      4000 
 Chris Treneman, Patrick 
  Robb, David Anderson

This information is provided by RNS

The company news service from the London Stock Exchange

END

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June 21, 2016 05:15 ET (09:15 GMT)

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