RNS Number : 8505F
EnQuest PLC
17 July 2019
 

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

 

a)

 

Name

 

1.   Amjad Bseisu

2.   The Amjad & Suha Bseisu Foundation

 

2

 

Reason for the notification

 

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.

 

b)

 

Initial notification /Amendment

 

Initial notification

3

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

 

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

 

a)

 

Description of the financial instrument, type of instrument

£0.05 ordinary shares

 

 

Identification code

GB00B635TG28

 

 

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).

 

c)

 

Price(s) and volume(s)

 

 

 

 

 

 

Price

Volume(s)

 

 

1.

£n/a

7,607,325

 

 

2.

£n/a

7,607,325

 

 

 

 

 

 

d)

Aggregated information

 

- Aggregated volume

- Price

 

n/a

 

 

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


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 rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHZMGMNGNNGLZM