Quixant PLC Grant of Options (1827V)
04 April 2019 - 11:54PM
UK Regulatory
TIDMQXT
RNS Number : 1827V
Quixant PLC
04 April 2019
4 April 2019
Quixant plc
("Quixant" or the "Company")
Grant of Options
Quixant (AIM: QXT), a leading provider of specialised computing
platforms and monitors for gaming and slot machine applications,
announces that it has granted a total of 55,000 options ("Options")
over ordinary shares of 0.1 pence in the capital of the Company
("Ordinary Shares") to the following persons discharging managerial
responsibility ("PDMRs") (the "Grant"):
Andrew Miller, Director of Operations of the Company 25,000 options
Martyn Gates, Densitron Product Director 15,000 options
Allen Chong, President, Densitron Corporation America 15,000 options
The Options are exercisable at a price of 296 pence per Ordinary
Share and are exercisable from the date of the release of the
Company's accounts for the year ending 31 December 2021. 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 2019, 2020 and 2021)
being equal to or greater than 10 per cent. in each financial
year.
Following the Grant, there are a total of 559,568 Options
outstanding, representing approximately 0.84 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) 7909 009173
Alma PR
John Coles / Hilary Buchanan / 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 persons discharging managerial responsibilities/person closely associated
a) Names: Andrew Miller
2. Reason for the notification
a) Position/status: PDMR / Director of Operations
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 Ordinary Shares of GBP0.001
instrument, type of instrument: GB00B99PCP71
Identification code:
b) Nature of the transaction: Grant of options over Ordinary Shares
c) Price(s) and volume(s): Price(s) Volume(s)
296 pence 25,000
d) Aggregated information: See 4 (c) above
- Aggregated volume:
- Price:
e) Date of the transaction: 2 April 2019
f) Place of the transaction: Off market transaction
1. Details of the persons discharging managerial responsibilities/person closely associated
a) Names: Martyn Gates
2. Reason for the notification
a) Position/status: PDMR / Densitron Product Director
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 Ordinary Shares of GBP0.001
instrument, type of instrument: GB00B99PCP71
Identification code:
b) Nature of the transaction: Grant of options over Ordinary
Shares
c) Price(s) and volume(s): Price(s) Volume(s)
296 pence 15,000
d) Aggregated information: See 4 (c) above
- Aggregated volume:
- Price:
e) Date of the transaction: 2 April 2019
f) Place of the transaction: Off market transaction
1. Details of the persons discharging managerial responsibilities/person closely associated
a) Names: Allen Chong
2. Reason for the notification
a) Position/status: PDMR / President, Densitron Corporation
America
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 Ordinary Shares of GBP0.001
instrument, type of instrument: GB00B99PCP71
Identification code:
b) Nature of the transaction: Grant of options over Ordinary
Shares
c) Price(s) and volume(s): Price(s) Volume(s)
296 pence 15,000
d) Aggregated information: See 4 (c) above
- Aggregated volume:
- Price:
e) Date of the transaction: 2 April 2019
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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