Quixant PLC Grant of Options (0099K)
April 05 2018 - 10:23AM
UK Regulatory
TIDMQXT
RNS Number : 0099K
Quixant PLC
05 April 2018
5 April 2018
Quixant plc
("Quixant" or the "Company")
Grant of Options
Quixant (AIM: QXT), a leading provider of specialised computing
platforms and monitors for gaming and slot machine applications,
announces that it has granted 65,000 options ("Options") over
ordinary shares of 0.1 pence in the capital of the Company
("Ordinary Shares") to Jon Jayal, CEO of the Company (the
"Grant").
The Options are exercisable at a price of 408.5 pence per
Ordinary Share and are exercisable from the date of the release of
the Company's accounts for the year ending 31 December 2020. The
Options are exercisable subject to the growth of the diluted
earnings per Ordinary Share (as set out in each of the audited
accounts for the years ending 31 December 2018, 2019 and 2020)
being equal to or greater than 10 per cent. in each financial
year.
Following the Grant, there are a total of 667,098 Options
outstanding, representing approximately 1.01 per cent. of the
current issued share capital of the Company.
Further detail is set out in the PDMR disclosure table
below.
For further information please contact:
Quixant plc Tel: +44 (0) 1223 892696
Jon Jayal (Chief Executive Officer)
Cresten Preddy (Chief Financial 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) 7909 009173
Alma PR
John Coles
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 information contained in this announcement is inside
information for the purposes of article 7 of Regulation
596/2014.
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: Jon Jayal - CEO
--- -------------------------------- ----------------------------
2. Reason for the notification
--- --------------------------------------------------------------
a) Position/status: See 1 (a) above, PDMR
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:
GB00B99PCP71
Identification code:
--- -------------------------------- ----------------------------
b) Nature of the transaction: Grant of options over
Ordinary Shares
--- -------------------------------- ----------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------- ----------
408.5 pence 65,000
------------- ----------
--- -------------------------------- ----------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume:
* Price:
--- -------------------------------- ----------------------------
e) Date of the transaction: 4 April 2018
--- -------------------------------- ----------------------------
f) Place of the transaction: Off market transaction
--- -------------------------------- ----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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