Quixant PLC Director/PDMR Dealings (8714N)
12 May 2018 - 1:10AM
UK Regulatory
TIDMQXT
RNS Number : 8714N
Quixant PLC
11 May 2018
Quixant plc
("Quixant" or the "Company")
Exercise of Options / Issue of Equity
and Director/PDMR Dealings
Quixant (AIM: QXT), a leading provider of specialised computing
platforms for gaming and slot machine applications, announces that
it has applied to the London Stock Exchange for 313,100 ordinary
shares of GBP0.001 pence each in the Company ("Ordinary Shares") to
be admitted to trading on AIM ("Admission"). The new Ordinary
Shares are being issued subsequent to exercises of options over
Ordinary Shares ("Options") by a Director, certain persons
discharging managerial responsibilities ("PDMR's") and other
employees of the Company.
On 10 May 2018, Cresten Preddy, Finance Director of the Company,
exercised Options over 39,000 Ordinary Shares. On Admission Cresten
Preddy will hold 79,000 Ordinary Shares, representing approximately
0.12% of the Company's enlarged issued share capital.
Furthermore, also on 10 May 2018, the following PDMR's of the
Company exercised Options and (in certain cases) subsequently sold
Ordinary Shares as follows:
PDMR Role Options Ordinary
exercised Shares subsequently
sold
---------------- ----------------------- ----------- ---------------------
Sales Director,
John Malin Quixant UK Ltd 15,000 15,000
---------------- ----------------------- ----------- ---------------------
Finance Director,
Stuart Fisher Quixant UK Ltd 6,150 6,150
---------------- ----------------------- ----------- ---------------------
Vice President Sales
& General Manager,
Amit Sharma Quixant USA Inc 60,000 20,000
---------------- ----------------------- ----------- ---------------------
Manager, Software
Engineering, Quixant
Paolo Ruscitti Italia Srl 20,000 20,000
---------------- ----------------------- ----------- ---------------------
Total Voting Rights
It is expected that Admission will become effective and trading
will commence in the new Ordinary Shares at 8.00 a.m. on 16 May
2018. On Admission the Company's issued share capital will comprise
66,348,082 Ordinary Shares. The Company holds no Ordinary Shares in
treasury. Accordingly, the figure of 66,348,082 may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in the Company under the FCA's
Disclosure Guidance and Transparency Rules.
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 / Simon Hicks (Corporate Finance)
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: Cresten Preddy - Finance Director
John Malin - Sales Director, Quixant
UK Ltd
Stuart Fisher - Finance Director,
Quixant UK Ltd
Amit Sharma - Vice President Sales
& General Manager, Quixant USA Inc
Paolo Ruscitti - Manager, Software
Engineering, Quixant Italia Srl
--- -------------------------------- ---------------------------------------------------
2. Reason for the notification
--- -------------------------------------------------------------------------------------
a) Position/status: See 1 (a) above, all are
PDMR's 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 Ordinary Shares of GBP0.001
financial instrument,
type of instrument:
GB00B99PCP71
Identification code:
--- ---------------------------------- -------------------------------------------------
b) Nature of the transaction: Cresten Preddy
* Exercise of options over Ordinary Shares
John Malin
* Exercise of options over Ordinary Shares
* Sale of Ordinary Shares
Stuart Fisher
* Exercise of options over Ordinary Shares
* Sale of Ordinary Shares
Amit Sharma
* Exercise of options over Ordinary Shares
* Sale of Ordinary Shares
Paolo Ruscitti
* Exercise of options over Ordinary Shares
* Sale of Ordinary Shares
--- ---------------------------------- -------------------------------------------------
c) Price(s) and volume(s): Cresten Preddy
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 39,000
---------- ----------
John Malin
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 15,000
---------- ----------
Sale of Ordinary Shares: Price(s) Volume(s)
----------- ----------
430 pence 15,000
----------- ----------
Stuart Fisher
Exercise of Options: Price(s) Volume(s)
------------- ----------
158.5 pence 6,150
------------- ----------
Sale of Ordinary Shares: Price(s) Volume(s)
----------- ----------
430 pence 6,150
----------- ----------
Amit Sharma
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 60,000
---------- ----------
Sale of Ordinary Shares: Price(s) Volume(s)
----------- ----------
430 pence 20,000
----------- ----------
Paolo Ruscitti
Exercise of Options: Price(s) Volume(s)
---------- ----------
49 pence 20,000
---------- ----------
Sale of Ordinary Shares: Price(s) Volume(s)
----------- ----------
430 pence 20,000
----------- ----------
--- ---------------------------------- -------------------------------------------------
d) Aggregated information: See 4 (c) above
* Aggregated volume:
* Price:
--- ---------------------------------- -------------------------------------------------
e) Date of the transaction: 10 May 2018
--- ---------------------------------- -------------------------------------------------
f) Place of the transaction: London Stock Exchange, AIM
Market (XLON)
--- ---------------------------------- -------------------------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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