Quixant PLC Proposed Secondary Placing (4350E)

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RNS Number : 4350E

Quixant PLC

09 April 2014

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Quixant plc

Proposed Secondary Placing

Quixant (AIM:QXT) ("Quixant" or the "Company") a leading provider of specialised computing platforms for casino gaming machine applications announces that certain Directors and founder shareholders of the Company intend today to sell up to 17,857,143 ordinary shares of 0.01p in the Company (the "Placing Shares" and the "Placing"), representing approximately 27.6% of the issued share capital of the company at a price of 140p per Placing Share.

The completion of the Placing and the resulting Directors shareholdings will be announced as soon as practicable today.

Enquiries

 
 Quixant plc 
  Nick Jarmany (Chief Executive) 
  Jon Jayal (General Manager)               +44(0)1223 892 696 
 Nominated Adviser and Broker: 
  finnCap Limited 
  Matt Goode (Corporate Finance) 
  Charlotte Stranner (Corporate Finance) 
  Victoria Bates (Corporate Broking)          +44(0)20 7220 0500 
 Financial PR: 
  Newgate Threadneedle 
  John Coles / Fiona Conroy / Hilary 
  Millar                                      +44(0)20 7653 9850

This information is provided by RNS

The company news service from the London Stock Exchange

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