TIDMQXT
RNS Number : 4100S
Quixant PLC
20 December 2016
Quixant plc
("Quixant" or the "Group")
GBP15.0m placing of 4,689,094 existing Ordinary Shares
Quixant (AIM: QXT), a leading provider of innovative, highly
engineered technology products principally to the global gaming
industry, 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 4,689,094 existing ordinary shares of 0.1p 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 persons closely associated ("PCA's") (the
"Director Vendors") and certain other founder shareholders of the
Company (the "Vendor Shareholders"). The Placing Shares were sold
at a price of 320 pence per share and represent, in aggregate, 7.2
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 sold Resultant shareholding
Vendor
---------------- --------------------------- ------------------------------
Number of % of Issued Number % of Issued
Ordinary Share Capital of Ordinary Share Capital
Shares Shares
---------------- ---------- --------------- ------------- ---------------
Nick Jarmany
and PCA's 2,129,428 3.3% 12,579,940 19.2%
---------------- ---------- --------------- ------------- ---------------
Chen Tai
Lin and PCA's 583,405 0.9% 3,446,559 5.3%
---------------- ---------- --------------- ------------- ---------------
Gary Mullins
and PCA's 734,317 1.1% 2,829,243 4.3%
---------------- ---------- --------------- ------------- ---------------
Subsequent to the Placing, the Founder Shareholders revised
shareholdings are set out below:
Vendor Shareholder Placing Shares sold Resultant shareholding
-------------------- --------------------------- ------------------------------
Number of % of Issued Number % of Issued
Ordinary Share Capital of Ordinary Share Capital
Shares Shares
-------------------- ---------- --------------- ------------- ---------------
John Mullins 400,000 0.6% 3,871,920(1) 5.9%
-------------------- ---------- --------------- ------------- ---------------
Alex Taylor 333,374 0.5% 2,058,958 3.1%
-------------------- ---------- --------------- ------------- ---------------
(1) Mr Mullins' holding includes 1,935,960 Ordinary Shares,
representing 3.0 per cent. of the issued share capital of the
Company, registered in the name of his wife, Susan Mullins.
The information communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
For further information please contact:
Quixant plc Tel: +44 (0)1223
892 696
Nick Jarmany, Chief Executive
Jon Jayal, Chief Operating Officer
Nominated Adviser and Broker:
finnCap Tel: +44(0)20
7220 0500
Matt Goode / Simon Hicks (Corporate
Finance)
Simon Johnson /Alice Lane (Corporate
Broking)
Financial PR: Tel: +44(0)20
8004 4218
Alma PR
John Coles
Hilary Buchanan
About Quixant
Quixant, founded in 2005, designs and manufactures highly
optimised computing solutions and monitors principally to the
global gaming industry. The Company is headquartered in Cambridge
in the UK where the global sales function is based. North America
sales and sales support is run from their subsidiary in Las Vegas.
Quixant has its own manufacturing and engineering operation based
in Taiwan and software engineering and customer support team based
in Italy. All the specialised products software and manufacturing
are produced in-house and Quixant owns all its own IP much of which
is copyright protected.
In November 2015 Quixant acquired Densitron Technologies plc.
Densitron has a strong heritage in the sale of electronic display
solutions to global industrial markets. Through Densitron's
experienced sales team, Quixant has a robust platform to build its
business into wider industrial markets. In-depth information on the
Company's products, markets, activities and history can be found on
the corporate website at www.quixant.com.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Nick Jarmany
---- -------------------------------- -------------------------------
2. Reason for the Notification
---- -----------------------------------------------------------------
a) Position/status PDMR
---- -------------------------------- -------------------------------
b) Initial notification/Amendment Initial
---- -------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Quixant plc
---- -------------------------------- -------------------------------
b) LEI N/A
---- -------------------------------- -------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -----------------------------------------------------------------
a) Description of Ordinary shares of 0.1p
the Financial
instrument, type
of instrument
----
Identification GB00B99PCP71
code
---- -------------------------------- -------------------------------
b) Nature of the Transfer via sale and purchase
transaction
---- -------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
320p 2,129,428
--------- ----------
---- -------------------------------- -------------------------------
d) Aggregated information:
* Aggregated volume 2,129,428
320p
* Price
------------------------------------- -------------------------------
e) Date of the transaction 20/12/2016
---- -------------------------------- -------------------------------
f) Place of the AIM Market (XLON)
transaction
---- -------------------------------- -------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Chen Tai Lin
---- -------------------------------- -------------------------------
2. Reason for the Notification
---- -----------------------------------------------------------------
a) Position/status PDMR
---- -------------------------------- -------------------------------
b) Initial notification/Amendment Initial
---- -------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Quixant plc
---- -------------------------------- -------------------------------
b) LEI N/A
---- -------------------------------- -------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -----------------------------------------------------------------
a) Description of Ordinary shares of 0.1p
the Financial
instrument, type
of instrument
----
Identification GB00B99PCP71
code
---- -------------------------------- -------------------------------
b) Nature of the Transfer via sale and purchase
transaction
---- -------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
320p 583,405
--------- ----------
---- -------------------------------- -------------------------------
d) Aggregated information:
* Aggregated volume 583,405
320p
* Price
------------------------------------- -------------------------------
e) Date of the transaction 20/12/16
---- -------------------------------- -------------------------------
f) Place of the AIM Market (XLON)
transaction
---- -------------------------------- -------------------------------
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them
1. Details of the person discharging managerial
responsibilities / person closely associated
---- -----------------------------------------------------------------
a) Name Gary Mullins
---- -------------------------------- -------------------------------
2. Reason for the Notification
---- -----------------------------------------------------------------
a) Position/status PDMR
---- -------------------------------- -------------------------------
b) Initial notification/Amendment Initial
---- -------------------------------- -------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
---- -----------------------------------------------------------------
a) Name Quixant plc
---- -------------------------------- -------------------------------
b) LEI N/A
---- -------------------------------- -------------------------------
4. Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
---- -----------------------------------------------------------------
a) Description of Ordinary shares of 0.1p
the Financial
instrument, type
of instrument
----
Identification GB00B99PCP71
code
---- -------------------------------- -------------------------------
b) Nature of the Transfer via sale and purchase
transaction
---- -------------------------------- -------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) --------- ----------
320p 734,317
--------- ----------
---- -------------------------------- -------------------------------
d) Aggregated information:
* Aggregated volume 734,317
320p
* Price
------------------------------------- -------------------------------
e) Date of the transaction 20/12/16
---- -------------------------------- -------------------------------
f) Place of the AIM Market (XLON)
transaction
---- -------------------------------- -------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCPGGCUPUPQGMU
(END) Dow Jones Newswires
December 20, 2016 12:06 ET (17:06 GMT)
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