Quixant PLC Issue of Equity (9146L)

TIDMQXT

RNS Number : 9146L

Quixant PLC

06 October 2016

Quixant plc

("Quixant" or the "Company")

Issue of Equity

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 28,000 ordinary shares of GBP0.001 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to an exercise of options over Ordinary Shares by an employee of the Company.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 10 October 2016. On Admission the Company's issued share capital will comprise 65,303,182 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 65,303,182 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 and Transparency Rules.

For further information please contact:

 
Quixant plc                    Tel: [phone] 
Nick Jarmany, Chief Executive 
Jon Jayal, Chief Operating 
 Officer 
 
Nominated Adviser and Broker:  Tel: [phone] 
                                0500 
finnCap 
Matt Goode / Grant Bergman 
 (Corporate Finance) 
Simon Johnson / Alice Lane 
 (Corporate Broking) 
 
Financial PR: 
Alma PR                        Tel: [phone] 
                                4218 
John Coles 
Hilary Buchanan 
 

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally to 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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October 06, 2016 08:38 ET (12:38 GMT)