Quixant PLC Changes to the Board of Directors (5657V)
August 10 2020 - 2:00AM
UK Regulatory
TIDMQXT
RNS Number : 5657V
Quixant PLC
10 August 2020
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
10 August 2020
Quixant plc
("Quixant" or the "Company" or the "Group")
Changes to the Board of Directors
Quixant (AIM: QXT), a leading provider of innovative, highly
engineered technology products principally for the global gaming
and broadcast industries announces the following changes to its
Board.
Guy Millward, Chief Financial Officer, will stand down from the
Board and leave the Group on 21 August 2020 to focus on other
challenges. Guy joined Quixant on 1 October 2018 after a long
career working as the CFO for a number of other public companies.
The Board has identified an interim CFO, further details of whom
will be given in due course.
Nigel Payne, Independent Non-Executive Director, will leave the
Board with effect from 31 August 2020. The Company is actively
seeking to further strengthen the Board with an experienced, high
quality Independent Non-Executive Director.
Commenting on the changes, Chairman Michael Peagram said: "In
his time with us, Guy has made a strong contribution to the team
and we wish him well for the future. Guy has played a critical role
in both stewarding the strong net cash position of the Group and
extending the Group's borrowing facilities. Regarding Nigel, I
understand and respect his decision and we thank him for his
contribution during his time with us."
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 / Simon Hicks (Corporate
Finance)
Alice Lane (Corporate Broking)
Financial PR: Tel: +44 (0) 20 3405 0205
Alma PR
John Coles / Susie Hudson / David Ison
/ Kieran Breheny
About Quixant
Quixant, founded in 2005, was established as a designer and
manufacturer of highly optimised computing and display solutions
for the global gaming industry. Through the acquisition of
Densitron Technologies plc in 2015, the Company diversified into
other markets and has a focused technology offering for the
broadcast sector, leveraging the business' extensive sector
knowledge across many industries.
The Company is headquartered in Cambridge in the UK, with a
global customer base and offices in North America, Europe and Asia.
The Taiwanese operation is responsible for design, procurement and
manufacturing of the Company's products. Quixant owns all its IP,
some of which is protected by patents and design rights.
In-depth information on the Company's products, markets,
activities and history can be found on the corporate website at
www.quixant.com.
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
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contact rns@lseg.com or visit www.rns.com.
END
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