2nd Jul 2013 07:00
Enteq Upstream plc
Awards under the Enteq Upstream Plc Enterprise Management Incentive Scheme (the "EMIS")
Enteq Upstream Plc ("Enteq" or the "Company") announces that on 1 July 2013 options were granted over ordinary shares of 1p each in the Company ("Ordinary Shares") under the rules of the EMIS (the "Awards") to a Director as follows:
Director | Exercise price per Ordinary Share | Number of Ordinary Shares over which options awarded | Total number of Ordinary Shares held under option after this Award |
Ian Leaman | 62.0 pence | 282,258 | 807,258 |
Under normal circumstances the Awards will vest and become exercisable three years following the date of grant. Once vested, the Awards may be exercised at any time up to the tenth anniversary of the date of grant. There are no performance conditions associated with this grant. No consideration was paid for the Awards.
Enquiries
Enteq Upstream plc | +44 (0) 20 7861 3232 |
Martin Perry, Chief Executive Officer | |
Ian Leaman, Chief Financial Officer | |
Investec Bank plc | +44 (0) 20 7597 5970 |
James Grace, Patrick Robb, David Anderson | |
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