Last checked at 21 Oct 2015 16:19
21 October 2015
Quartix Holdings plc
("Quartix" or the "Company")
Holding in Company
Quartix Holdings plc, a leading supplier of subscription-based vehicle tracking systems, software and services in the UK, has today been informed of a sale of ordinary shares of 1p each in Quartix Holdings plc ("Ordinary Shares") by a significant shareholder of the Company.
Having consulted with finnCap, the Company's nominated adviser, and been granted a dispensation from the terms of the lock-in agreement entered into on 29 October 2014, Kenneth Giles has sold a total of 785,000 Ordinary Shares at a price of 255 pence per Ordinary Share on 20 October 2015 to meet institutional demand. Following the share sale Mr Giles' beneficial holding is 2,586,800 Ordinary Shares representing 5.50% of the Company's issued Ordinary Share capital.
Mr Giles' resultant beneficial holding remains subject to the lock-in and orderly market provisions set out in the Company's admission document dated 29 October 2014.
For further information, please contact:
Quartix (www.quartix.net) Andy Walters, Managing Director David Bridge, Finance Director | 0870 0136 663 |
finnCap (Nominated Adviser and Broker) Matt Goode / Scott Mathieson (Corporate Finance) Stephen Norcross (Corporate Broking) | 020 7200 0500 |