Quixant PLC Grant of Options (8514K)
May 09 2022 - 1:04PM
UK Regulatory
TIDMQXT
RNS Number : 8514K
Quixant PLC
09 May 2022
9 May 2022
Quixant plc
("Quixant" or the "Group")
Grant of Options
Quixant (AIM:QXT), a leading provider of innovative, highly
engineered technology products principally for the global gaming
and broadcast industries, announces that, under the Quixant plc
2022 Long Term Incentive Plan, the Board has granted a total of
727,732 options ("Options") over ordinary shares of 0.1 pence each
in the capital of the Company ("Ordinary Shares") to persons
discharging managerial responsibilities ("PDMRs") in the
business.
Vesting of these options is subject to performance conditions.
The vesting of 70 per cent. of such awards would be dependent on
the Company's adjusted earnings per share performance for the
financial year ending 31 December 2024. The vesting of 30 per cent.
of such awards would be dependent on the Company's total
shareholder return performance over a three-year period commencing
on the grant of the awards. Further details on the performance
conditions can be found within the Company's Notice of AGM posted
to shareholders on 11 April 2022.
Details of the options granted to PDMRs are as follows:
Name Title Number of Shares
Jon Jayal Group CEO 199,934
----------------------------- -----------------
Johan Olivier Group CFO 148,810
----------------------------- -----------------
EVP, Gaming Business Leader
Duncan Faithfull and CCO 132,275
----------------------------- -----------------
EVP, Gaming Business Leader
Abhinay Bhagavatula and CTO 117,745
----------------------------- -----------------
Simon Jones EVP, Densitron CEO 128,968
----------------------------- -----------------
Following the Grant, there are a total of 1,390,224 Options
outstanding, representing approximately 2.1% of the current issued
share capital of the Company.
Further detail is set out in the PDMR disclosure table
below.
Quixant plc Tel: +44 (0)1223 892 696
Jon Jayal, Chief Executive Officer
Johan Olivier, Chief Financial Officer
Nominated Adviser and Broker: Tel: +44 (0) 20 7220 0500
finnCap Ltd
Matt Goode / Simon Hicks (Corporate
Finance)
Alice Lane / Charlotte Sutcliffe
(ECM)
Joint Broker: Tel: +44 (0) 20 7523 8000
Canaccord Genuity Limited
Simon Bridges / Andrew Potts
Financial PR: Tel: +44 (0)20 3405 0205
Alma PR
John Coles / Hilary Buchanan / Kieran
Breheny
About Quixant
Quixant, founded in 2005, designs and manufactures highly
optimised computing solutions and monitors principally for the
global gaming and broadcast industries. The Company is
headquartered in Cambridge in the UK, with offices throughout
Europe, North America and Asia. Quixant has its own manufacturing
and engineering operation based in Taiwan and software engineering
and customer support teams based in Italy and Slovenia. 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.quixantplc.com .
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name: J on Jayal
------------------------------------------------------------- --------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------------------
a) Position/status: Chief Executive Officer
------------------------------------------------------------- --------------------------------
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 instrument, type of instrument: Options over Ordinary shares of
Identification code: 0.1p
GB00B99PCP71
------------------------------------------------------------- --------------------------------
b) Nature of the transaction: Purchase of ordinary shares of
0.1p
------------------------------------------------------------- --------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 199,934
----------
------------------------------------------------------------- --------------------------------
d) Aggregated information: See 4 (c)
* Aggregated volume:
* Price:
------------------------------------------------------------- --------------------------------
e) Date of the transaction: 9 May 2022
------------------------------------------------------------- --------------------------------
f) Place of the transaction: Off market transaction
------------------------------------------------------------- --------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Johan Olivier
------------------------------------ ---------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: Chief Financial Officer
------------------------------------ ---------------------------------
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
instrument, type of instrument: 0.1p
Identification code:
GB00B99PCP71
------------------------------------ ---------------------------------
b) Nature of the transaction: Purchase of ordinary shares of
0.1p
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 148,810
----------
------------------------------------ ---------------------------------
d) Aggregated information: See 4 (c)
* Aggregated volume:
* Price:
------------------------------------ ---------------------------------
e) Date of the transaction: 9 May 2022
------------------------------------ ---------------------------------
f) Place of the transaction: Off market transaction
------------------------------------ ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Duncan Faithfull
------------------------------------ ---------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: EVP, Gaming Business Leader and
CCO
------------------------------------ ---------------------------------
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
instrument, type of instrument: 0.1p
Identification code:
GB00B99PCP71
------------------------------------ ---------------------------------
b) Nature of the transaction: Purchase of ordinary shares of
0.1p
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 132,275
----------
------------------------------------ ---------------------------------
d) Aggregated information: See 4 (c)
* Aggregated volume:
* Price:
------------------------------------ ---------------------------------
e) Date of the transaction: 9 May 2022
------------------------------------ ---------------------------------
f) Place of the transaction: Off market transaction
------------------------------------ ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Abhinay Bhagavatula
------------------------------------ ---------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: EVP, Gaming Business Leader and
CTO
------------------------------------ ---------------------------------
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
instrument, type of instrument: 0.1p
Identification code:
GB00B99PCP71
------------------------------------ ---------------------------------
b) Nature of the transaction: Purchase of ordinary shares of
0.1p
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 117,745
----------
------------------------------------ ---------------------------------
d) Aggregated information: See 4 (c)
* Aggregated volume:
* Price:
------------------------------------ ---------------------------------
e) Date of the transaction: 9 May 2022
------------------------------------ ---------------------------------
f) Place of the transaction: Off market transaction
------------------------------------ ---------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Simon Jones
------------------------------------ ---------------------------------
2. Reason for the notification
-----------------------------------------------------------------------
a) Position/status: EVP, Densitron CEO
------------------------------------ ---------------------------------
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
instrument, type of instrument: 0.1p
Identification code:
GB00B99PCP71
------------------------------------ ---------------------------------
b) Nature of the transaction: Purchase of ordinary shares of
0.1p
------------------------------------ ---------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 128,968
----------
------------------------------------ ---------------------------------
d) Aggregated information: See 4 (c)
* Aggregated volume:
* Price:
------------------------------------ ---------------------------------
e) Date of the transaction: 9 May 2022
------------------------------------ ---------------------------------
f) Place of the transaction: Off market transaction
------------------------------------ ---------------------------------
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END
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