Last checked at 1 Dec 2017 13:29
1 December 2017
Quartix Holdings plc
("Quartix" or the "Company")
Further re Directorate changes and grant of options
Quartix Holdings plc, a leading supplier of subscription-based vehicle tracking systems, software and services in the UK, is pleased to announce, further to the announcement dated 27 September 2017, that Daniel Mendis has joined the Company as Chief Financial Officer and is expected to take up his new position as an Executive Director of the Company's Board on 1st January 2018.
In line with the terms of Mr Mendis' employment contract the Company has today granted him 280,000 options over ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company (the "Options"). The Options give Mr Mendis the right to subscribe for Ordinary Shares at a price of 360 pence per Ordinary Share, being the closing middle-market price of the Company's Ordinary Shares on 30 November 2017. The Options vest in tranches of 20% on each of 1 March 2019, 2020, 2021, 2022 and 2023, are exercisable until 31 March 2025, and are subject to certain conditions concerning minimum holding periods.
For further information, please contact:
Quartix (www.quartix.net) Andy Walters, Managing Director David Bridge, Finance Director | 01686 806 663 |
finnCap (Nominated Adviser and Broker) Matt Goode/Scott Mathieson (Corporate Finance) Alice Lane (Corporate Broking) | 020 7220 0500 |
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Daniel Mendis | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chief 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 | Options over 1p Ordinary shares | ||||
Identification code | QTX GB00BLZH2C83 | |||||
b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |
280,000 options over ordinary shares of 1 pence exercisable at 360 pence per ordinary share
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e) | Date of the transaction | 1 December 2017 | ||||
f) | Place of the transaction | London Stock Exchange, AIM Market (XLON) | ||||