Quixant PLC Proposed Secondary Placing (3922S)
21 December 2016 - 2:04AM
UK Regulatory
TIDMQXT
RNS Number : 3922S
Quixant PLC
20 December 2016
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
Quixant plc
("Quixant" or the "Group")
Proposed Secondary Placing
Quixant (AIM: QXT), a leading provider of innovative, highly
engineered technology products principally to the global gaming
industry, announces that certain Directors and founder shareholders
of the Company intend today to sell up to 4,689,094 ordinary shares
of 0.01p in the Company (the "Placing Shares" and the "Placing"),
representing approximately 7.2% of the issued share capital of the
Company at a price of 320p per Placing Share in order to satisfy
market demand and broaden the institutional shareholder base of the
Company. The Board also confirms that its expectations for the
Company's full year performance remain consistent with its
statement dated 24 November 2016.
The completion of the Placing and the resulting Directors
shareholdings will be announced as soon as practicable today.
The information communicated in this announcement is 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
Nick Jarmany, Chief Executive
Jon Jayal, Chief Operating Officer
Nominated Adviser and Broker:
finnCap Tel: +44(0)20
7220 0500
Matt Goode / Simon Hicks (Corporate
Finance)
Simon Johnson /Alice Lane (Corporate
Broking)
Financial PR: Tel: +44(0)20
8004 4218
Alma PR
John Coles
Hilary Buchanan
About Quixant
Quixant, founded in 2005, designs and manufactures highly
optimised computing solutions and monitors principally to 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 much of which
is copyright protected.
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 communicated in this announcement is inside
information for the purposes of Article 7 of Regulation
596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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