Quixant PLC Issue of Options & Director/PDMR Dealings (1988D)
October 05 2018 - 12:50PM
UK Regulatory
TIDMQXT
RNS Number : 1988D
Quixant PLC
05 October 2018
Quixant plc
("Quixant" or the "Company")
Issue of Options & Director/PDMR Dealings
Quixant (AIM: QXT), a leading provider of specialised computing
platforms and monitors for gaming and slot machine applications,
announces that it has granted 100,000 options ("Options") over
ordinary shares of 0.1 pence in the capital of the Company
("Ordinary Shares") to Guy Millward, Chief Financial Officer of the
Company (the "Grant").
The Options are exercisable at a price of 430 pence per Ordinary
Share, being the closing mid-market price of an Ordinary Share on
28 September 2018, being the last trading day before Mr Millward
took up his role on 1 October 2018 and are exercisable from the
date of the release of the Company's audited 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 437,268 Options
outstanding, representing approximately 0.7 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)
Guy Millward (Chief Financial Officer)
Nominated Adviser and Broker:
finnCap Ltd Tel: +44 (0) 20 7220 0500
Matt Goode / Simon Hicks (Corporate Finance)
Alice Lane (ECM)
Financial PR: Tel: +44 (0) 20 8004 4217
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: Guy Millward
--------------------------------- -------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------
a) Position/status: Chief Financial Officer / PDMR
--------------------------------- -------------------------------------------
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 Options over Ordinary Shares of GBP0.001
instrument, type of instrument:
Identification code: GB00B99PCP71
--------------------------------- -------------------------------------------
b) Nature of the transaction: Issue of options over Ordinary Shares
--------------------------------- -------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
430 pence 100,000
----------
--------------------------------- -------------------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume:
* Price:
--------------------------------- -------------------------------------------
e) Date of the transaction: 1 October 2018
--------------------------------- -------------------------------------------
f) Place of the transaction: Off market transaction
--------------------------------- -------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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