27 Oct 2017 17:15
Quixant plc
("Quixant" or the "Company")
Issue of Equity and Director/PDMR Shareholding
Quixant (AIM: QXT), a leading provider of specialised computing platforms for gaming and slot machine applications and accessories, today announces that it has applied to the London Stock Exchange for 105,000 ordinary shares of £0.001 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to exercises of options over Ordinary Shares ("Options") by certain Directors', persons discharging managerial responsibilities ("PDMR's") and employees of the Company.
On 27 October 2017, Cresten Preddy, Finance Director of the Company, exercised Options on 10,000 Ordinary Shares. On Admission Cresten Preddy will hold 40,000 Ordinary Shares, representing approximately 0.06% of the Company's issued share capital.
Furthermore, on 27 October 2017 the following PDMR's of the Company exercised Options and subsequently sold Ordinary Shares (in certain cases) as follows:
PDMR | Role | Options exercised | Ordinary Shares subsequently sold |
John Malin | Sales Director, Quixant UK Ltd | 5,000 | 5,000 |
Sandra Lowman | Operations Director, Quixant UK Ltd | 33,000 | - |
Amit Sharma | Vice President Sales & General Manager, Quixant USA Inc | 18,000 | 18,000 |
Total Voting Rights
It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 2 November 2017. On Admission the Company's issued share capital will comprise 66,034,982 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 66,034,982 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 Company under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
Quixant plc | Tel: +44 (0)1223 892 696 |
Jon Jayal, Chief Operating Officer | |
Nominated Adviser and Broker: | Tel: +44 (0)20 7220 0500 |
finnCap | |
Matt Goode / Grant Bergman (Corporate Finance) | |
Simon Johnson / Alice Lane (Corporate Broking) | |
Financial PR: | |
Alma PR | Tel: +44 (0)20 8004 4217 |
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 much of which is copyright protected.
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: | - Cresten Preddy - Finance Director - John Malin - Sales Director, Quixant UK Ltd - Sandra Lowman - Operations Director, Quixant UK Ltd - Amit Sharma - Vice President Sales & General Manager, Quixant USA Inc | |||||||||||||||||
2. | Reason for the notification | ||||||||||||||||||
a) | Position/status: | PDMR's | |||||||||||||||||
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
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b) | LEI: | 2138003VERWSQP561X71
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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:
Identification code: | Ordinary Shares of £0.001
GB00B99PCP71
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b) | Nature of the transaction: | Exercise of Options over Ordinary Shares | |||||||||||||||||
c) | Price(s) and volume(s): | - Cresten Preddy
- John Malin
- Sandra Lowman
- Amit Sharma
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d) | Aggregated information: · Aggregated volume: · Price: | See 4(c) above | |||||||||||||||||
e) | Date of the transaction: | 27 October 2017
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f) | Place of the transaction: | London Stock Exchange, AIM Market (XLON) | |||||||||||||||||
1. | Details of the person discharging managerial responsibilities/person closely associated | ||||||||||
a) | Name: | - John Malin - Sales Director, Quixant UK Ltd - Amit Sharma - Vice President Sales & General Manager, Quixant USA Inc | |||||||||
2. | Reason for the notification | ||||||||||
a) | Position/status: | PDMR's | |||||||||
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
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b) | LEI: | 2138003VERWSQP561X71
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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:
Identification code: | Ordinary Shares of £0.001
GB00B99PCP71
| |||||||||
b) | Nature of the transaction: | Sale of Ordinary Shares | |||||||||
c) | Price(s) and volume(s): | - John Malin
- Amit Sharma
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d) | Aggregated information: · Aggregated volume: · Price: | See 4(c) above | |||||||||
e) | Date of the transaction: | 27 October 2017
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f) | Place of the transaction: | London Stock Exchange, AIM Market (XLON) | |||||||||