30 Apr 2018 07:00
Quixant plc
("Quixant", the "Company" or the "Group")
Director/PDMR Shareholdings
Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, was notified on 27 April 2018 that on the same day certain directors of the Company, persons closely associated with directors of the Company ("PCA's") (together the "Director Vendors") and a founder shareholder of the Company sold a total of 2,239,025 existing ordinary shares of 0.1p in the Company ("Ordinary Shares") at a price of 410 pence per Ordinary Share (the "Placing Shares" and the "Placing").
The Placing, which was oversubscribed, was undertaken in order to satisfy market demand and broaden the institutional shareholder base of the Company and represent, in aggregate, approximately 3.4 per cent. of the issued share capital of the Company.
Subsequent to the Placing, the Director Vendors revised shareholdings are set out below:
Director Vendor | Placing Shares sold | Resultant shareholding | ||
Number of Ordinary Shares | % of Issued Share Capital | Number of Ordinary Shares | % of Issued Share Capital | |
Nick Jarmany and PCA's | 1,309,177 | 2.0% | 10,870,763 | 16.5% |
Jon Jayal and PCA's | 100,000 | 0.2% | 360,200 | 0.5% |
Gary Mullins and PCA's | 629,848 | 1.0% | 2,199,395 | 3.3% |
Following the Placing, the aggregate Mullins family shareholding (comprising Gary Mullins, Sophie Mullins, Mark Mullins, John Mullins and Susan Mullins) amounts to 7,375,815 Ordinary Shares, representing approximately 11.2% of the issued share capital of the Company.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information please contact:
Quixant plc | Tel: +44 (0) 1223 892696 |
Jon Jayal (Chief Executive Officer) Cresten Preddy (Chief Financial Officer) |
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Nominated Adviser and Broker: | |
finnCap Ltd | Tel: +44 (0) 20 7220 0500 |
Matt Goode / Simon Hicks (Corporate Finance) Simon Johnson / Alice Lane (Corporate Broking) |
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Financial PR: | Tel: +44 (0) 7909 009173 |
Alma PR |
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John Coles |
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Susie Hudson |
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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.
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 | Nick Jarmany - Executive Vice-Chairman Francesca Marzilli (PCA) | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
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 instrument, type of instrument | Ordinary shares of 0.1p | ||||
Identification code | GB00B99PCP71 | |||||
b) | Nature of the transaction | Sales of ordinary shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price | Sale of 1,309,177 ordinary shares at 410p per ordinary share | ||||
e) | Date of the transaction | 27/04/2018 | ||||
f) | Place of the transaction | AIM Market (XLON) | ||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Jon Jayal - Chief Executive Officer | ||||
2. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
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 instrument, type of instrument | Ordinary shares of 0.1p | ||||
Identification code | GB00B99PCP71 | |||||
b) | Nature of the transaction | Sales of ordinary shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price | Sale of 100,000 ordinary shares at 410p per ordinary share | ||||
e) | Date of the transaction | 27/04/2018 | ||||
f) | Place of the transaction | AIM Market (XLON) | ||||
5. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Gary Mullins - Group Strategic Sales Director Sophie Mullins (PCA) | ||||
6. | Reason for the Notification | |||||
a) | Position/status | PDMR | ||||
b) | Initial notification/Amendment | Initial notification | ||||
7. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Quixant plc | ||||
b) | LEI | 2138003VERSWQP561X71 | ||||
8. | 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 | Ordinary shares of 0.1p | ||||
Identification code | GB00B99PCP71 | |||||
b) | Nature of the transaction | Sales of ordinary shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price | Sale of 629,848 ordinary shares at 410p per ordinary share | ||||
e) | Date of the transaction | 27/04/2018 | ||||
f) | Place of the transaction | AIM Market (XLON) | ||||