Quixant PLC Board Changes and Appointment of CFO (3021G)
March 01 2018 - 2:02AM
UK Regulatory
TIDMQXT
RNS Number : 3021G
Quixant PLC
01 March 2018
1 March 2018
Quixant plc
("Quixant" or the "Group")
Board Changes and Appointment of CFO
Quixant (AIM: QXT), a leading provider of innovative, highly
engineered technology products principally to the global gaming
industry is delighted to announce a further strengthening and
restructuring of the Board as follows:
-- Nick Jarmany, currently CEO, has been appointed
Vice Chairman with executive responsibility
for technology leadership and innovation.
Nick is a founding director of the Group
and is beneficially interested in 18.4% of
the Group's issued share capital;
-- Jon Jayal, currently COO, has been appointed
CEO. Jon was a key member of the design group
which developed Quixant's first product in
2005. After a period in the financial sector
Jon returned to Quixant in 2012 as General
Manager. He was promoted to the Board as
COO in June 2016;
-- Cresten Preddy, currently CFO, has indicated
her wish to have a plan in place for her
to retire from a full-time role, and over
the last few months the Board has conducted
a process to identify a suitable replacement;
-- Guy Millward will join the Group as CFO on
1 October 2018. Guy qualified as a Chartered
Accountant at Ernst and Young in 1989. He
has extensive experience as Finance Director
of several public companies in the electronics,
software and IT sectors. He joins Quixant
from Imagination Technologies Group plc,
which he joined as CFO in 2015.
Commenting on the changes, Nick Jarmany said:
"When we founded Quixant in 2005 our focus was on product
innovation and development, manufacturing, marketing and sales. The
Group is now a medium sized business with employees around the
world and needs a strong management team with robust systems and
controls. Relinquishing CEO responsibilities frees me to focus on
technology and product innovation. Jon has already proved his
ability to carry out CEO responsibilities and I have every
confidence he will continue our track record of strong profitable
growth."
Michael Peagram, Non-Executive Chairman of Quixant, said:
"As the Group continues to grow a strong management team is
essential. I am delighted we have attracted someone of the calibre
of Guy Millward, who I believe will make an excellent partner for
Jon in his new role. I am confident he will play a critical role
over the next few years as the business continues to grow."
The information communicated in this announcement contains
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
Jon Jayal, Chief Executive 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
3865 9667
Alma PR
John Coles / Hilary Buchanan
/ Susie Hudson
About Quixant
Quixant, founded in 2005, designs and manufactures highly
optimised computing solutions and monitors principally for 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 some of which
is protected by patents and design rights.
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.
The following information regarding the appointment of Guy
Leighton Millward, aged 52, is disclosed under Schedule 2(g) of the
AIM Rules for Companies:
Current directorships and/or partnerships: Former directorships and/or partnerships (within the last five years):
Eckoh plc ADV Management Services Ltd
Advanced 365 Limited
Advanced Business Software And Solutions Limited
Advanced Business Software and Solutions Pte. Ltd
Advanced Computer Software Group Limited
Advanced Computer Software Group plc
Advanced CS Australia Pty Limited
Advanced Health And Care Limited
Advanced Legal Solutions Limited
Advanced Ticketing Limited
Alphalaw Limited
BH Bidco Limited
BH Midco Limited
BH Topco Limited
Bighand Holdings Limited
Bighand Limited
Bristol Interactive Technology Limited
Caustic Graphics Inc
Cobaltside Limited
Compass Computer Consultants Limited
Computer Software Group Limited
Consultcrm Limited
Consultgrp Limited
Cross Products Limited
Dury Lane (Jersey) Limited
Ensigma Technologies Limited
Exchequer365 Mobile Solutions Limited
Goldcrest Solutions Limited
Hellosoft Inc
Imagination Technologies (Shanghai) Co Ltd.
Imagination Technologies AB
Imagination Technologies BV
Imagination Technologies GmbH
Imagination Technologies Group plc
Imagination Technologies Inc
Imagination Technologies KK
Imagination Technologies Limited
Imagination Technologies LLC
Imagination Technologies NZ Limited
Imagination Technologies Pty Limited
Intercede 2445 Limited
Konnekt It Solutions Limited
Metagence Technologies Limited
Mill Link 2 Limited
Mill Link 3 Limited
MIPS Technologies International Limited
Mips Tech Limited
Nflow Software Limited
Opsis Limited
Opsis Practice Management Solutions Ltd
Plain Healthcare Ltd
PowerVR Technologies Limited
Pure Digital Limited
Sondrel (Soc Solutions) Ltd
Transoft Group Limited
V1 Limited
Videologic Systems Limited
Mr Millward does not hold any ordinary shares of 0.1 pence in
the Company.
There are no further disclosures required under Schedule 2(g) of
the AIM Rules for Companies.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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