Last checked at 26 Mar 2021 13:57
Quartix Holdings PLC
("Quartix," the "Company" or the "Group'')
Exercise of Share Options, Director/PDMR Shareholdings and Total Voting Rights
Quartix Holdings PLC (AIM: QTX), a leading supplier of vehicle tracking systems, announces that it has issued and allotted a total of 35,946 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the exercise of options by certain employees under the Company's share scheme. Of the 35,946 new Ordinary Shares, 12,196 are pursuant to the exercise of options by Daniel Mendis, Chief Operating and Financial Officer of the Company.
Following the exercise of options, Mr Mendis is now interested in 16,931 Ordinary Shares, representing approximately 0.04 per cent. of the Company's total issued share capital following Admission.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the 35,946 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence as follows: at 8.00 a.m. on 30 March 2021 for 27,946 new Ordinary Shares and 8:00 a.m. on 1 April 2021 for 8,000 new Ordinary Shares.
After Admission, the total number of Ordinary Shares in issue will be 48,299,894 and the total number of voting rights will therefore be 48,299,894. This figure 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.
Director/PDMR Dealings
The Remuneration Committee has separately agreed on a cash settlement of 112,443 vested unapproved options held by Mr Mendis, with such vested options being cancelled at the time of the cash settlement. It is intended that the gross amount of £97,825 be partially used in exercising more of Mr Mendis' options under the Company's Enterprise Management Incentive (EMI) scheme and a further announcement shall be made on this in due course.
The Company has also been notified that on 24 March 2021, Peter Brown, a PDMR of the Company, sold 15,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 540 pence per Ordinary Share. As a result, Mr Brown is now interested in 201,434 Ordinary Shares of the Company, representing approximately 0.42 per cent. of the Company's total issued share capital.
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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 | Daniel Mendis | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Chief Operating and 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 | Quartix Holdings plc | ||||||
b) | LEI | 213800I4PGCG3QUIHC59 | ||||||
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 | 1p Ordinary shares | ||||||
Identification code | QTX GB00BLZH2C83 | |||||||
b) | Nature of the transaction | Exercise of Options | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
As above
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e) | Date of the transaction | 24 March 2021 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Peter Brown | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | PDMR/Senior Management | ||||||
b) | Initial notification/Amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Quartix Holdings plc | ||||||
b) | LEI | 213800I4PGCG3QUIHC59 | ||||||
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 | 1p Ordinary shares | ||||||
Identification code | QTX GB00BLZH2C83 | |||||||
b) | Nature of the transaction | Sale of Ordinary Shares | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
As above
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e) | Date of the transaction | 24 March 2021 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Daniel Mendis | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Chief Operating and 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 | Quartix Holdings plc | ||||||
b) | LEI | 213800I4PGCG3QUIHC59 | ||||||
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 | 1p Ordinary shares | ||||||
Identification code | QTX GB00BLZH2C83 | |||||||
b) | Nature of the transaction | Cancellation of Options | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
As above
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e) | Date of the transaction | 24 March 2021 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||||