Quartix Holdings PLC Issue of Equity & Directorate Changes (1675Y)

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RNS Number : 1675Y

Quartix Holdings PLC

01 December 2017

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 1(st) 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                   Options over 1p Ordinary shares 
       the Financial 
       instrument, type 
       of instrument 
--- 
      Identification                   QTX GB00BLZH2C83 
       code 
---  -------------------------------  -------------------------------- 
 b)   Nature of the                    Grant of options 
       transaction 
---  -------------------------------  -------------------------------- 
 c)   Price(s) and                      Price(s)     Volume(s) 
       volume(s)                        -----------  ---------- 
                                         360 pence    280,000 
                                        -----------  ---------- 
---  -------------------------------  -------------------------------- 
 d)   Aggregated information:           280,000 options over ordinary 
        *    Aggregated volume           shares of 1 pence exercisable 
                                         at 360 pence per ordinary 
                                         share 
        *    Price 
---  -------------------------------  -------------------------------- 
 e)   Date of the transaction          1 December 2017 
---  -------------------------------  -------------------------------- 
 f)   Place of the                     London Stock Exchange, AIM 
       transaction                      Market (XLON) 
---  -------------------------------  -------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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December 01, 2017 08:29 ET (13:29 GMT)