Quartix Holdings PLC Exercise of Options, Director/PDMR Dealing & TVR (1464S)

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RNS Number : 1464S

Quartix Holdings PLC

12 March 2021

Quartix Holdings PLC

("Quartix," the "Company" or the "Group")

Exercise of share options, Director/PDMR Shareholding and Total Voting Rights

Quartix Holdings PLC (AIM: QTX), a leading supplier of vehicle tracking systems, announces that it has issued and allotted a total of 279,267 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the exercise of options by certain employees under the Company's share scheme. These employees included (but were not limited to) Daniel Mendis and Sean Maher, both of whom are considered by the Company to be Persons Discharging Managerial Responsibilities.

In order to fund the exercise price and their personal tax liabilities, Mr Mendis and Mr Maher subsequently agreed to the sale of 20,211 and 23,111 Ordinary Shares respectively. The sale was made at a price of 447 pence per Ordinary Share on 10 March 2021. Following the above transactions, Mr Mendis and Mr Maher hold 4,735 and 42,910 Ordinary Shares, representing approximately 0.01 and 0.09 per cent. of the Company's total issued share capital, respectively.

Application has been made to the London Stock Exchange for the 279,267 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 16 March 2021.

After Admission, the total number of Ordinary Shares in issue will be 48,263,948 and the total number of voting rights will therefore be 48,263,948. This figure 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further Information please contact:

 
    Quartix (www.quartix.net) 
      Andrew Walters, Chief Executive Officer 
      Daniel Mendis, Chief Operating and Financial 
      Officer                                          01686 806 663 
     finnCap (Nominated Adviser and Broker) 
      Matt Goode / Kate Bannatyne (Corporate 
      Finance) 
      Alice Lane (Corporate Broking)                 020 7220 0500 
 

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                             Daniel Mendis 
     -------------------------------  ----------------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------------- 
 a)   Position/status                  Chief Operating and 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               1p Ordinary shares 
       Financial instrument, 
       type of instrument 
      Identification code              QTX GB00BLZH2C83 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the transaction        Exercise of Options and Sale of Ordinary 
                                        shares 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)                            Price(s)   Volume(s) 
                                          Exercise 
                                           of Options    270        24,946 
                                                        ---------  ---------- 
                                          Sale of 
                                           Ordinary 
                                           Shares        447        20,211 
                                                        ---------  ---------- 
     -------------------------------  ----------------------------------------- 
 d)    Aggregated information: 
         *    Aggregated volume          As above 
 
 
         *    Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transaction          10 March 2021 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ----------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Sean Maher 
     -------------------------------  ----------------------------------------- 
 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                             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               1p Ordinary shares 
       Financial instrument, 
       type of instrument 
      Identification code              QTX GB00BLZH2C83 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the transaction        Exercise of Options and Sale of Ordinary 
                                        shares 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)                            Price(s)   Volume(s) 
                                          Exercise 
                                           of Options    270        28,500 
                                                        ---------  ---------- 
                                          Sale of 
                                           Ordinary 
                                           Shares        447        23,111 
                                                        ---------  ---------- 
     -------------------------------  ----------------------------------------- 
 d)    Aggregated information: 
         *    Aggregated volume          As above 
 
 
         *    Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transaction          10 March 2021 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ----------------------------------------- 
 

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March 12, 2021 08:34 ET (13:34 GMT)