t
On 18 July 2023, EnQuest PLC granted 2023 Performance Share Plan (PSP) Awards to its Chief Executive Amjad Bseisu, Chief Financial Officer Salman Malik, and Chief Operating Officer Richard Hall. These awards comprise nil cost options for a total of 16,297,028 ordinary shares of £0.05 each. The options will vest on 24 April 2026, subject to the achievement of performance conditions.
| Date | 19 Jul 2023 |
| Time | 14:20:54 |
| Category | Director/PDMR dealings |
| ID | 5554G |
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
|
Amjad Bseisu |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
Chief Executive |
|||
|
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
|
2023 PSP Award. The Award will vest on 24 April 2026 as nil cost options subject to achievement of performance conditions.
|
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
n/a |
8,102,723 |
|
|
|
|
|
|
|
|
|
|
d) |
Aggregated information
- Aggregated volume - Price
|
n/a |
|
||
|
e)
|
Date of the transaction
|
18 July 2023 |
|||
|
f)
|
Place of the transaction
|
Outside a trading venue |
|||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||||
|
a)
|
Name
|
Salman Malik |
|||||
|
2
|
Reason for the notification
|
||||||
|
a)
|
Position/status
|
Chief Financial Officer |
|||||
|
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
GB00B635TG28 |
|||||
|
|
|||||||
|
Identification code |
|||||||
|
|
|||||||
|
b)
|
Nature of the transaction
|
2023 PSP Award. The Award will vest on 24 April 2026 as nil cost options subject to achievement of performance conditions.
|
|||||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|||
|
|
|
n/a |
7,224,166 |
|
|||
|
|
|
|
|
|
|
||
|
d) |
Aggregated information:
- Aggregated volume - Price
|
n/a
|
|||||
|
e)
|
Date of the transaction
|
18 July 2023 |
|||||
|
f)
|
Place of the transaction
|
Outside a trading venue |
|||||
|
1
|
Details of the person discharging managerial responsibilities / person closely associated
|
||||
|
a)
|
Name
|
Richard Hall |
|||
|
2
|
Reason for the notification
|
||||
|
a)
|
Position/status
|
Chief Operating Officer (PDMR) |
|||
|
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
|
2023 PSP Award. The Award will vest on 24 April 2026 as nil cost options subject to achievement of performance conditions.
|
|||
|
c)
|
Price(s) and volume(s) |
|
|
|
|
|
|
|
Price(s) |
Volume(s) |
|
|
|
|
|
n/a |
970,139 |
|
|
|
|
|
|
|
|
|
|
d)
|
Aggregated information |
n/a |
|||
|
|
|
||||
|
- Aggregated volume |
|
||||
|
- Price |
|
||||
|
|
|
||||
|
e)
|
Date of the transaction
|
18 July 2023 |
|||
|
f)
|
Place of the transaction
|
Outside a trading venue |
|||
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925 4900
Chris Sawyer
Company Secretary