Enteq Technologies PLC has announced the appointment of Amir Absoud as the new Head of Finance, succeeding the current CFO Mark Ritchie. Amir brings over two decades of experience in finance, particularly in the energy services sector, having worked with companies quoted on AIM and held senior finance roles at oilfield and energy services companies in the UK and internationally. He is also the founder and director of Upstreamly Ltd, a firm of Chartered Accountants focused on energy companies, which will be providing Enteq with accounting, tax, compliance, and advisory services, along with Amir's services as Head of Finance.

Amir's appointment has been welcomed by Andrew Law, CEO of Enteq Technologies plc, who expressed confidence in Amir's ability to deliver a positive impact to the company, given his relevant experience and entrepreneurial skill set. Additionally, the support of Upstreamly is expected to provide a high-quality, scalable, and cost-effective solution to Enteq's financial services function.

Mark Ritchie, who joined the Board in June 2023, will remain with the company as a Director until 31 May 2024 and as an employee until late June 2024 to ensure an orderly handover of responsibilities. Andrew Law expressed gratitude to Mark for his support and wished him well in his future endeavors.

For further information, please contact Enteq Technologies plc at +44 (0)20 8087 2202 or visit their website at www.enteq.com. Cavendish Capital Markets Limited can also be contacted at +44 (0)20 7220 0500 for additional information.

This announcement marks a significant change in the leadership of Enteq Technologies PLC, with the appointment of Amir Absoud as the new Head of Finance and the impending departure of Mark Ritchie, signifying a strategic shift in the company's financial management and leadership structure.