Quixant PLC Completed Secondary Placing (0482U)

TIDMQXT

RNS Number : 0482U

Quixant PLC

04 April 2016

Quixant Plc

("Quixant" or the "Company")

GBP8.5m placing of 4,225,566 existing Ordinary Shares

Quixant (AIM:QXT) a leading provider of specialised computing platforms and monitors for gaming and slot machine applications is pleased to announce that in order to satisfy market demand and broaden the institutional shareholder base of the Company, finnCap, as the Company's broker, have conducted a placing of 4,225,566 existing ordinary shares of 0.01p in the Company (the "Placing Shares" and the "Placing") with new and existing institutional investors.

The Placing Shares have been sold on behalf of certain directors of the Company and their connected persons (the "Director Vendors") and certain other founder shareholders of the Company (the "Vendor Shareholders"). The Placing Shares were sold at a price of 200 pence per share and represent, in aggregate, 6.5 per cent. of the issued share capital of the Company.

Subsequent to the Placing, the Director Vendors revised shareholdings are set out below.

 
 Director              Placing Shares             Resultant shareholding 
  Vendor                    sold 
--------------  ---------------------------  ------------------------------- 
                       Number   % of Issued          Number      % of Issued 
                  of Ordinary         Share     of Ordinary    Share Capital 
                       Shares       Capital          Shares 
--------------  -------------  ------------  --------------  --------------- 
 Nick Jarmany       2,043,555          3.2%   14,709,368(1)            22.8% 
--------------  -------------  ------------  --------------  --------------- 
 Chen Tai 
  Lin                 559,878          0.9%    4,029,964(2)             6.2% 
--------------  -------------  ------------  --------------  --------------- 
 Gary Mullins         495,081          0.8%    3,563,560(3)             5.5% 
--------------  -------------  ------------  --------------  ---------------

(1) Mr Jarmany's holding includes 5,573,379 Ordinary Shares, representing 8.6 per cent. of the issued share capital of the Company, registered in the name of his wife, Francesca Marzilli.

(2) Mr Lin's holding includes 607,822 Ordinary Shares, representing 0.9 per cent. of the issued share capital of the Company, registered in the name of his wife, Shu-Hsiang Wu.

(3) Mr Mullins' holding includes 389,233 Ordinary Shares, representing 0.6 per cent. of the issued share capital of the Company, registered in the name of his wife, Sophie Mullins.

Subsequent to the Placing the Founder Shareholders revised shareholdings are set out below.

 
 Vendor Shareholder          Placing Shares            Resultant shareholding 
                                  sold 
--------------------  ---------------------------  ------------------------------ 
                             Number   % of Issued         Number      % of Issued 
                        of Ordinary         Share    of Ordinary    Share Capital 
                             Shares       Capital         Shares 
--------------------  -------------  ------------  -------------  --------------- 
 John Mullins               593,494          0.9%   4,271,920(4)             6.6% 
--------------------  -------------  ------------  -------------  --------------- 
 Alex Taylor                230,435          0.4%      2,392,332             3.7% 
--------------------  -------------  ------------  -------------  ---------------

(4) Mr Mullins' holding includes 2,432,707 Ordinary Shares, representing 3.8 per cent. of the issued share capital of the Company, registered in the name of his wife, Susan Mullins.

Enquiries

 
 Quixant plcNick Jarmany (Chief Executive) 
   Jon Jayal (General Manager)                +44(0)1223 892 696 
 Nominated Adviser and Broker: 
  finnCap Limited 
  Matt Goode (Corporate Finance) 
  Grant Bergman (Corporate 
  Finance) 
  Simon Johnson (Corporate 
  Broking)                                      +44(0)20 7220 0500 
 Financial PR: 
  Alma PR 
  John Coles                                    +44 (0) 7836 273 660 
  Hilary Buchanan                               +44 (0) 7515 805 218

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 04, 2016 05:53 ET (09:53 GMT)

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