TIDMQXT
RNS Number : 2294E
Quixant PLC
04 May 2017
4 May 2017
Quixant plc
("Quixant" or the "Company")
Exercise of Options / Issue of Equity
and Director/PDMR Dealings
Quixant (AIM: QXT), a leading provider of innovative, highly
engineered technology products principally to the global gaming
industry, announces the following dealings in the ordinary shares
of GBP0.001 pence each in the Company ("Ordinary Shares").
Director Dealing
On 4 May 2017, Michael Peagram, Non-Executive Chairman of the
Company, purchased 25,000 Ordinary Shares at a price of 385 pence
per Ordinary Share.
Exercise of Options
The Company announces that it has applied to the London Stock
Exchange for 565,200 Ordinary Shares to be admitted to trading on
AIM ("Admission").. The new Ordinary Shares are being issued
subsequent to exercises of options over Ordinary Shares ("Options")
by certain Directors', persons discharging managerial
responsibilities ("PDMR's") and employees of the Company.
On 2 May 2017, Jon Jayal, Chief Operating Officer of the
Company, exercised and retained the nil cost options over 400,000
Ordinary Shares granted to him by Nick Jarmany in recognition of
his early stage contribution to Quixant's business and his
importance to the Company in the future and referred to in
paragraph 10 (b) of Part V of the Company's admission document
dated 15 May 2013. These Ordinary Shares were held by Nick Jarmany,
Chief Executive of the Company. Additionally, on 3 May 2017, Jon
Jayal exercised a further 110,200 Options. He subsequently sold
50,000 Ordinary Shares on 3 May 2017 at a price of 385 pence per
Ordinary Share.
On 3 May 2017, Cresten Preddy, Finance Director of the Company,
exercised and retained 20,000 Options.
Following these transactions, on Admission:
- Nick Jarmany will hold 12,179,940 Ordinary Shares,
representing approximately 18.47 per cent. of the Company's issued
share capital
- Jon Jayal's shareholding will increase to 460,200 Ordinary
Shares, representing approximately 0.70 per cent. of the Company's
issued share capital; and
- Cresten Preddy will hold 30,000 Ordinary Shares, representing
approximately 0.05 per cent. of the Company's issued share
capital.
- Michael Peagram will hold 227,174 Ordinary Shares representing
approximately 0.34 per cent. of the Company's issued share
capital.
Furthermore, on 3 May 2017 the following PDMR's of the Company
exercised Options:
PDMR Role Options Ordinary
exercised Shares subsequently
sold
--------------- ---------------------- ----------- ---------------------
Sales Director,
John Malin Quixant UK Ltd 12,000 12,000
--------------- ---------------------- ----------- ---------------------
Sandra Lowman Operations Director, 33,000 -
Quixant UK Ltd
--------------- ---------------------- ----------- ---------------------
Amit Sharma Vice President Sales 17,000 -
& General Manager,
Quixant USA Inc
--------------- ---------------------- ----------- ---------------------
Total Voting Rights
It is expected that Admission will become effective and trading
will commence in the new Ordinary Shares at 8.00 a.m. on 5 May
2017. On Admission the Company's issued share capital will comprise
65,929,982 Ordinary Shares. The Company holds no Ordinary Shares in
treasury. Accordingly, the figure of 65,929,982 may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure and Transparency Rules.
For further information please contact:
Quixant plc Tel: +44 (0) 1223 892696
Jon Jayal, Chief Operating Officer
Nominated Adviser and Broker:
finnCap Ltd Tel: +44 (0) 20 7220 0500
Matt Goode / Henrik Persson / Simon Hicks (Corporate Finance)
Simon Johnson / Alice Lane (Corporate Broking)
Financial PR: Tel: +44(0) 20 8004 4218
Alma PR
John Coles
Hilary Buchanan
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: Michael Peagram - Non-Executive Chairman
Nick Jarmany - Chief Executive
Jon Jayal - Chief Operating Officer
Cresten Preddy - Finance Director
John Malin - Sales Director, Quixant
UK Ltd
Sandra Lowman - Operations Director,
Quixant UK Ltd
Amit Sharma - Vice President Sales
& General Manager, Quixant USA Inc
--- --------------------------------- --------------------------------------------------------------------
2. Reason for the notification
--- -------------------------------------------------------------------------------------------------------
a) Position/status: See 1 (a) above, all
are PDMR's of the Company
--- ----------------------------------- ------------------------------------------------------------------
b) Initial notification/Amendment: Initial Notification
--- ----------------------------------- ------------------------------------------------------------------
3. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or
auction monitor
--- -------------------------------------------------------------------------------------------------------
a) Name: Quixant plc
--- ----------------------------------- ------------------------------------------------------------------
b) LEI: 2138003VERSWQP561X71
--- ----------------------------------- ------------------------------------------------------------------
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 the financial Ordinary Shares of GBP0.001
instrument, type of instrument:
Identification code: GB00B99PCP71
--- ----------------------------------- ------------------------------------------------------------------
b) Nature of the transaction: Michael Peagram
* Purchase of Ordinary Shares
Nick Jarmany
* Disposal of Ordinary Shares
Jon Jayal
* Exercise of options over Ordinary Shares
* Sale of Ordinary Shares
Cresten Preddy
* Exercise of options over Ordinary Shares
John Malin
* Exercise of options over Ordinary Shares
* Sale of Ordinary Shares
Sandra Lowman
* Exercise of options over Ordinary Shares
Amit Sharma
* Exercise of options over Ordinary Shares
--- ----------------------------------- ------------------------------------------------------------------
c) Price(s) and volume(s): Michael Peagram
Purchase of Ordinary
Shares: Price(s) Volume(s)
----------- ----------
385 pence 25,000
----------- ----------
Nick Jarmany
Disposal of Ordinary
Shares: Price(s) Volume(s)
----------- ----------
nil pence 400,000
----------- ----------
Jon Jayal
Exercise of Options: Price(s) Volume(s)
----------- ----------
49 pence 110,200
----------- ----------
nil pence 400,000
----------- ----------
Sale of Ordinary Shares: Price(s) Volume(s)
----------- ----------
385 pence 50,000
----------- ----------
Cresten Preddy
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 20,000
---------- ----------
John Malin
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 12,000
---------- ----------
Sale of Ordinary Shares: Price(s) Volume(s)
----------- ----------
385 pence 12,000
----------- ----------
Sandra Lowman
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 33,000
---------- ----------
Amit Sharma
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 17,000
---------- ----------
--- ----------------------------------- ------------------------------------------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume:
* Price:
--- ----------------------------------- ------------------------------------------------------------------
e) Date of the transaction: 2 May 2017
* Jon Jayal - exercise of 400,000 options over Ordinary
Shares
* Nick Jarmany - disposal of 400,000 Ordinary Shares
3 May 2017
* Jon Jayal - exercise of 110,200 options over Ordinary
Shares, sale of 50,000 Ordinary Shares
* Cresten Preddy - exercise of 20,000 options over
Ordinary Shares
* John Malin - exercise of 12,000 options of Ordinary
Shares, sale of 12,000 Ordinary Shares
* Sandra Lowman - exercise of 33,000 options of
Ordinary Shares
* Amit Sharma - exercise of 17,000 options over
Ordinary Shares
4 May 2017
Michael Peagram - purchase
of 25,000 Ordinary Shares
--- ----------------------------------- ------------------------------------------------------------------
f) Place of the transaction: London Stock Exchange,
AIM Market (XLON)
--- ----------------------------------- ------------------------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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