Enteq Technologies plc, an energy services technology supplier, has issued and allotted 1,053,675 new ordinary shares of 1p each to its directors as compensation for foregone remuneration. The shares were issued at a price of 11.25p. All of the directors have chosen to receive some or all of their remuneration in shares, with 100% of the 2023 annual bonus being issued in shares. The issuance of shares instead of cash is aimed at maximizing the cash available to the company. The new shares were allocated to the directors as follows: Andrew Law received 716,450 shares, David Steel (resigned) received 102,341 shares, Martin Perry received 98,400 shares, Iain Paterson (resigned) received 52,844 shares, Neil Hartley received 49,200 shares, and Mark Ritchie received 34,440 shares. The new shares are expected to be admitted to trading on AIM on 7 November 2023. After the issuance, the total number of ordinary shares in issue is 71,667,814. There are no shares held in treasury.