17th Jul 2019 11:30
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
| Details of the person discharging managerial responsibilities / person closely associated
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a)
| Name
| 1. Amjad Bseisu 2. The Amjad & Suha Bseisu Foundation
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2
| Reason for the notification
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a)
| Position/status
| 1. Chief Executive of EnQuest PLC 2. The Amjad & Suha Bseisu Foundation is a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC) is a Trustee.
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b)
| Initial notification /Amendment
| Initial notification | |||
3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a)
| Name
| EnQuest PLC | |||
b)
| LEI
| 2138008LJU6WFQWOXJ73 | |||
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
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a)
| Description of the financial instrument, type of instrument | £0.05 ordinary shares | |||
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Identification code | GB00B635TG28 | ||||
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b)
| Nature of the transaction
| 1. Amjad Bseisu's EnQuest Nil Cost Share Options (2010 RSP, 2011 PSP, 2012 PSP, 2013 PSP, 2014 PSP, 2015 PSP, 2016 PSP, 2016 ED-DB, 2017 ED-DB) are being exercised. 2. The shares are being transferred directly into the Amjad & Suha Bseisu Foundation.
On completion of the exercise and transfer process, and taking into account the purchase of 1,037,334 ordinary shares by the Amjad & Suha Bseisu Foundation on 10 July 2019 announced on 12 July, Amjad Bseisu will have the ability to influence voting in respect of the following shareholdings in EnQuest PLC:
· The shareholding of Double A Limited, a discretionary trust in which the extended family of Amjad Bseisu has a beneficial interest - 9.23% (156,500,154 shares). · The shareholding of The Amjad & Suha Bseisu Foundation, a registered charity, of which Amjad Bseisu (CEO of EnQuest PLC) is a Trustee - 0.88% (14,889,373 shares). · The shareholding of Amjad Bseisu - 0.01% (167,547 shares).
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c)
| Price(s) and volume(s) |
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| Price | Volume(s) |
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| 1. | £n/a | 7,607,325 |
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| 2. | £n/a | 7,607,325 |
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d) | Aggregated information
- Aggregated volume - Price
| n/a
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e)
| Date of the transactions
| 16 July 2019 | |||
f)
| Place of the transactions
| n/a |
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Stefan Ricketts
Company Secretary
Related Shares:
Enquest