Enteq Technologies plc has announced that its Remuneration Committee has approved a grant of awards under its Performance Share Plan (PSP) effective from 20 October 2023. The grant has a vesting date of 20 October 2026 and is subject to the achievement of a total shareholder return target over the period to 31 March 2026. The consideration payable for these awards on exercise is 1 pence per ordinary share in the company. The awards are subject to claw back and malus provisions, and there is no holding period.

Andrew Law, CEO of Enteq, was granted PSP options over 1,184,211 ordinary shares, taking his total outstanding grants under the PSP scheme to options over 2,593,876 ordinary shares. Mark Ritchie, CFO, was granted PSP options over 736,842 ordinary shares, taking his total outstanding grants under the PSP scheme to options over 736,842 ordinary shares. Neil Bird, Product Director, was granted PSP options over 447,368 ordinary shares, taking his total outstanding grants under the PSP scheme to options over 945,703 ordinary shares.

No further details were provided in the news release.