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Enteq Technologies plc (NTQ) Ord GBP0.01

Sell:4.90p Buy:5.20p 0 Change: 0.05p (1.00%)
Market closed |  Prices as at close on 27 September 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Enteq Technologies plc Ord GBP0.01

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 25 Sep 2024)

What is happening?


Enteq Technologies (NTQ) have announced their intention to raise up to £2m via a Placing (for Institutional Investors) and a Retail Offer (for Individual Investors).


Enteq Technologies (NTQ) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

 

• Applications are due to close at 3:30pm on Monday 30 September. Due to the nature of the fundraising, applications can close at any time and without prior warning.


• Shares are being offered at a fixed price of 5 pence.


• The minimum application for the Retail Offer is £100.


• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.


• Hargreaves Lansdown will receive 0.6% commission from the Issuer as part of the Offer.

 

What are my options?

 

Option 1 – Do Nothing. If you do not return an election by the deadline of 3:30pm on Monday 30 September, the Offer will lapse.


Option 2 – You can choose to buy new Shares at 5 pence. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

 

When do I have to decide by?


Any instruction to participate in the Retail Offer must be received by 3:30pm on Monday 30 September. If no instruction is received the Offer will lapse.

 

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account.

 

By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

 

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after 4:30pm on Monday 30 September. The second will confirm how many shares you have been allocated and be sent once the results have been announced on Tuesday 01 October.


You can view your application in the Pending Orders tab of your online account from midday on Tuesday 01 October.


Your new shares will be credited shortly before 8am on Wednesday 16 October. This may be delayed in the event the company does not deliver your shares to us by this time. Please note admission is subject to the approval of a resolution at the General Meeting expected to be convened on Monday 14 October.


To assist the Company during the allocation process, we may be required to disclose the number of Enteq Technologies (NTQ) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Tuesday 24 September.


It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Enteq Technologies (NTQ) announcement.


If you require any assistance, please contact our Helpdesk on 0117 900 9000.

×
Sell:4.90p
Buy:5.20p
Change: 0.05p (1.00%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 27 September 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Enteq Technologies plc Ord GBP0.01

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 25 Sep 2024)

What is happening?


Enteq Technologies (NTQ) have announced their intention to raise up to £2m via a Placing (for Institutional Investors) and a Retail Offer (for Individual Investors).


Enteq Technologies (NTQ) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

 

• Applications are due to close at 3:30pm on Monday 30 September. Due to the nature of the fundraising, applications can close at any time and without prior warning.


• Shares are being offered at a fixed price of 5 pence.


• The minimum application for the Retail Offer is £100.


• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.


• Hargreaves Lansdown will receive 0.6% commission from the Issuer as part of the Offer.

 

What are my options?

 

Option 1 – Do Nothing. If you do not return an election by the deadline of 3:30pm on Monday 30 September, the Offer will lapse.


Option 2 – You can choose to buy new Shares at 5 pence. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

 

When do I have to decide by?


Any instruction to participate in the Retail Offer must be received by 3:30pm on Monday 30 September. If no instruction is received the Offer will lapse.

 

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account.

 

By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

 

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after 4:30pm on Monday 30 September. The second will confirm how many shares you have been allocated and be sent once the results have been announced on Tuesday 01 October.


You can view your application in the Pending Orders tab of your online account from midday on Tuesday 01 October.


Your new shares will be credited shortly before 8am on Wednesday 16 October. This may be delayed in the event the company does not deliver your shares to us by this time. Please note admission is subject to the approval of a resolution at the General Meeting expected to be convened on Monday 14 October.


To assist the Company during the allocation process, we may be required to disclose the number of Enteq Technologies (NTQ) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Tuesday 24 September.


It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Enteq Technologies (NTQ) announcement.


If you require any assistance, please contact our Helpdesk on 0117 900 9000.

×
Sell:4.90p
Buy:5.20p
Change: 0.05p (1.00%)
Market closed |  Prices as at close on 27 September 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Miscellaneous

Enteq Technologies plc Ord GBP0.01

Type:
Miscellaneous
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 25 Sep 2024)

What is happening?


Enteq Technologies (NTQ) have announced their intention to raise up to £2m via a Placing (for Institutional Investors) and a Retail Offer (for Individual Investors).


Enteq Technologies (NTQ) have decided not to issue a Prospectus as part of the fundraising. This means that the Retail Offer has been limited to the Sterling equivalent of €8 million and may only be open for a number of hours. It also means that information relating to the fundraising is limited to the Company announcement.

 

• Applications are due to close at 3:30pm on Monday 30 September. Due to the nature of the fundraising, applications can close at any time and without prior warning.


• Shares are being offered at a fixed price of 5 pence.


• The minimum application for the Retail Offer is £100.


• By applying for shares in the Retail Offer you are deemed to have read, understood and agreed to the HL Retail Offer Risk Warnings, Terms and Conditions and the Company Announcement.


• Hargreaves Lansdown will receive 0.6% commission from the Issuer as part of the Offer.

 

What are my options?

 

Option 1 – Do Nothing. If you do not return an election by the deadline of 3:30pm on Monday 30 September, the Offer will lapse.


Option 2 – You can choose to buy new Shares at 5 pence. If you wish to submit an order outside of the product you currently hold your shares, please leave a note in the comments section of the application.

 

When do I have to decide by?


Any instruction to participate in the Retail Offer must be received by 3:30pm on Monday 30 September. If no instruction is received the Offer will lapse.

 

Before submitting an instruction, you should carefully read the Company Announcement, HL Retail Offer Risk Warnings & Terms and Conditions which are attached to the Retail Offer notification. You can find this in the Secure Messaging Centre of your online account.

 

By submitting an instruction, you are deemed to have read and understood these documents as well as agreed to any terms within.

What happens after I apply?

 

If you apply for shares you will receive two Secure Messages. The first will confirm your application and be sent shortly after 4:30pm on Monday 30 September. The second will confirm how many shares you have been allocated and be sent once the results have been announced on Tuesday 01 October.


You can view your application in the Pending Orders tab of your online account from midday on Tuesday 01 October.


Your new shares will be credited shortly before 8am on Wednesday 16 October. This may be delayed in the event the company does not deliver your shares to us by this time. Please note admission is subject to the approval of a resolution at the General Meeting expected to be convened on Monday 14 October.


To assist the Company during the allocation process, we may be required to disclose the number of Enteq Technologies (NTQ) shares you hold with Hargreaves Lansdown. We will do this by calculating the shares held in your Hargreaves Lansdown account at the close of business on Tuesday 24 September.


It should be noted that a subscription for the Retail Shares and any investment in the Company carry a number of risks. Investors should make their own investigations into the merits of an investment in the Company. This message is not personal advice and is a summary of the Enteq Technologies (NTQ) announcement.


If you require any assistance, please contact our Helpdesk on 0117 900 9000.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
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Business summary

Enteq Technologies Plc is an energy services engineering and technology company. The Company develops and provides downhole electronics and technologies for measurement, data, and control, which are used by the geothermal, methane capture, oil, and gas sectors around the world. It has customers throughout North America, Europe, Russia, Asia, China, and the Middle East. Its products include The SABER Tool-Rotary Steerable System, and Downhole Connectivity Systems. The Company’s downhole drilling technology the Hop series, is a communications device, which is used in conjunction with The SABER Tool or fitted with existing rotary steerable systems (RSS) and measurement while drilling (MWD) technology, allows drilling contractors access to real time data to enhance drilling operations. The Hop series also removes the need for hard connectors and dedicated collar lengths and enables Logging While Drilling (LWD) to be run below MWD equipment.

Contact details

Address:
St Mary's House, The Broadway
AMERSHAM
HP7 0UT
United Kingdom
Telephone:
+44 (020) 80872202
Website:
https://www.enteq.com/

Important dates

Future events
There are no future events available.
Past events
AGM 25 September 2024 25/09/24
Final results 21 August 2024 21/08/24
Annual report 21 August 2024 21/08/24
Trading Announcement 10 April 2024 10/04/24
Interim results 15 November 2023 15/11/23
General meeting 30 October 2023 30/10/23
AGM 29 September 2023 29/09/23

General stock information

EPIC:
NTQ
ISIN:
GB00B41Q8Q68
Market cap:
£3.62 million
Shares in issue:
71.67 million
Sector:
Oil Equipment & Services
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Key personnel

  • Andrew Law
    Chief Executive Officer, Executive Director
  • Amir Absoud
    Company Secretary

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.