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Share Name Share Symbol Market Type Share ISIN Share Description
Quartix Holdings Plc LSE:QTX London Ordinary Share GB00BLZH2C83 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 450.00 440.00 460.00 450.00 450.00 450.00 21,120 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 25.8 5.7 9.9 45.6 216

Quartix Holdings PLC Result of Secondary Placing

19/01/2021 11:24am

UK Regulatory (RNS & others)


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RNS Number : 1856M

Quartix Holdings PLC

19 January 2021

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN QUARTIX HOLDINGS PLC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF QUARTIX HOLDINGS PLC. PLEASE SEE THE IMPORTANT NOTICE AT THE OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF CERTAIN OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION, AS PERMITTED BY MAR. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

QUARTIX HOLDINGS PLC

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

Result of Secondary Placing and Director Shareholding

Quartix, a leading supplier of vehicle tracking systems, announces that it has been informed by the Sellers that, further to the announcement made at 7.00 a.m. on 19 January 2021 (the "ABB Announcement"), they have successfully sold a total of 7,194,377 Placing Shares at a price of 401 pence per Placing Share via an oversubscribed Placing. The Placing Shares in aggregate represent approximately 15.0 per cent. of the Company's issued share capital.

Capitalised terms in this announcement shall have the same meaning ascribed to them in the ABB Announcement, unless the context requires otherwise.

On completion of the Placing, the Sellers shall have the following resultant shareholdings:

 
                                                              Resultant holding assuming 
                                                                all Placing Shares sold 
 Director           Current shareholding      Number of        Ordinary Shares       % 
                                            Placing Shares 
                   ---------------------  ----------------  --------------------  ------- 
 Andrew Walters          4,829,400            4,829,400               -              - 
                   ---------------------  ----------------  --------------------  ------- 
 Dominie Walters         2,126,586            2,126,586               -              - 
                   ---------------------  ----------------  --------------------  ------- 
 A J Walters 
  Trust*                 10,900,000            238,391           10,661,609        22.2% 
                   ---------------------  ----------------  --------------------  ------- 
 

* a trust established by Andrew Walters for the benefit of his family, and includes Andrew Walters and his wife as trustees

Following the Placing, Andrew Walters shall have a total beneficial interest in 10,661,609 Ordinary Shares representing 22.2 per cent. of the Company's issued share capital.

Each of the Sellers have undertaken not to dispose of any further shares for a period of 180 days.

The notification at the end of this announcement, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further details of the transactions.

The Placing was conducted through an accelerated bookbuild by finnCap Ltd ("finnCap") acting as bookrunner. Proceeds of the Placing are payable in cash on usual settlement terms and the Placing is expected to settle on a T+10 basis on or around 2 February 2021. The Company is not a party to the Placing and will not receive any proceeds from the Placing.

For further Information please contact:

 
   Quartix (www.quartix.net) 
     Andrew Walters, Chief Executive 
     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 
 
 
 
            1.   Details of the person discharging managerial responsibilities 
                  / person closely associated 
 a)              Name                             Andrew Walters 
                -------------------------------  ---------------------------------- 
 2.              Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  Chief Executive 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        Sale of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)     Volume(s) 
                                                    401 pence    4,829,400 
                                                                ---------- 
                -------------------------------  ---------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume           As above 
 
 
                   *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          19 January 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                             Dominie Walters 
                -------------------------------  ---------------------------------- 
 2.              Reason for the Notification 
                ------------------------------------------------------------------- 
 a)              Position/status                  PCA to Chief Executive 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        Sale of Ordinary Shares 
                -------------------------------  ---------------------------------- 
 c)              Price(s) and volume(s)            Price(s)     Volume(s) 
                                                    401 pence    2,126,586 
                                                                ---------- 
                -------------------------------  ---------------------------------- 
 d)              Aggregated information: 
                   *    Aggregated volume           As above 
 
 
                   *    Price 
                -------------------------------  ---------------------------------- 
 e)              Date of the transaction          19 January 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                             A J Walters Trust 
                -------------------------------  ------------------------------------ 
 2.              Reason for the Notification 
                --------------------------------------------------------------------- 
 a)              Position/status                  PCA to Chief Executive Officer (who 
                                                   is a trustee) 
                -------------------------------  ------------------------------------ 
 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        Sale of Ordinary Shares 
                -------------------------------  ------------------------------------ 
 c)              Price(s) and volume(s)            Price(s)     Volume(s) 
                                                    401 pence    238,391 
                                                                ---------- 
                -------------------------------  ------------------------------------ 
 d)              Aggregated information: 
                   *    Aggregated volume           As above 
 
 
                   *    Price 
                -------------------------------  ------------------------------------ 
 e)              Date of the transaction          19 January 2021 
                -------------------------------  ------------------------------------ 
 f)              Place of the transaction         London Stock Exchange, AIM Market 
                                                   (XLON) 
                -------------------------------  ------------------------------------ 
 

Important Notice:

MEMBERS OF THE GENERAL PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS ANNOUNCEMENT AND ANY OFFER OF SECURITIES TO WHICH IT RELATES ARE ONLY ADDRESSED TO AND DIRECTED AT (1) IN THE UNITED KINGDOM OR ANY MEMBER STATE OF THE EUROPEAN ECONOMIC AREA, PERSONS WHO ARE QUALIFIED INVESTORS WITHIN THE MEANING OF ARTICLE 2(e) OF EU REGULATION (EU) 2017/1129 AND ANY RELEVANT IMPLEMENTING MEASURES (THE "PROSPECTUS REGULATION"); AND (2) IN THE UNITED KINGDOM, PERSONS WHO (I) HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS WHO FALL WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMED) (THE "ORDER"); OR (II) FALL WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER OR (III) ARE PERSONS TO WHOM AN OFFER OF THE PLACING SHARES MAY OTHERWISE LAWFULLY BE MADE (ALL SUCH PERSONS REFERRED TO IN (1) AND, (2) TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THE INFORMATION REGARDING THE PLACING SET OUT IN THIS ANNOUNCEMENT MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.

This announcement and the information contained herein is for information purposes only and does not constitute or form part of any offer or an invitation to acquire or dispose of securities in the United States, Canada, Australia, South Africa or Japan or in any jurisdiction in which such an offer or invitation is unlawful.

The Placing Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), or under the securities laws of any State or other jurisdiction of the United States, and, absent registration, may not be offered or sold in the United States (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the securities laws of any relevant State or other jurisdiction of the United States. There will be no public offering of the Placing Shares in the United States or elsewhere.

The Placing Shares have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the Placing or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.

No prospectus, admission document or offering document has been or will be prepared in connection with the Placing. Any investment decision to buy securities in the Placing must be made solely on the basis of publicly available information. Such information is not the responsibility of and has not been independently verified by the Sellers, finnCap or any of their respective affiliates.

Neither this announcement nor any copy of it may be taken, transmitted or distributed, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, the Republic of South Africa or Japan. Any failure to comply with this restriction may constitute a violation of US, Australian, Canadian, South African or Japanese securities laws.

The distribution of this announcement and the offering or sale of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Sellers, finnCap or any of their respective affiliates that would, or which is intended to, permit a public offer of the Placing Shares in any jurisdiction, or possession or distribution of this announcement or any other offering or publicity material relating to the Placing Shares, in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Sellers and finnCap to inform themselves about and to observe any applicable restrictions.

No reliance may be placed, for any purposes whatsoever, on the information contained in this announcement or on its completeness and this announcement should not be considered a recommendation by the Company, the Sellers, finnCap or any of their respective affiliates in relation to any purchase of or subscription for securities of the Company. No representation or warranty, express or implied, is given by or on behalf of the Company, the Sellers, finnCap or any of their respective directors, partners, officers, employees, advisers or any other persons as to the accuracy, fairness or sufficiency of the information or opinions contained in this announcement and none of the information contained in this announcement has been independently verified. Save in the case of fraud, no liability is accepted for any errors, omissions or inaccuracies in such information or opinions.

finnCap, which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting only for the Sellers in connection with the Placing and will not be responsible to anyone other than the Sellers for providing the protections offered to the clients of finnCap, nor for providing advice in relation to the Placing or any matters referred to in this announcement, and apart from the responsibilities and liabilities (if any) imposed on finnCap by the Financial Services and Markets Act 2000, any liability therefore is expressly disclaimed. Any other person in receipt of this announcement should seek their own independent legal, investment and tax advice as they see fit.

References to time in this announcement are to London time, unless otherwise stated. All times and dates in this announcement may be subject to amendment.

Certain statements in this announcement are, or may be deemed to be, forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. No one undertakes any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Readers should not place any undue reliance on forward-looking statements which speak only as of the date of this announcement. Statements contained in this announcement regarding past trends or events should not be taken as representation that such trends or events will continue in the future.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this announcement.

Information to Distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Placing Shares have been subject to a product approval process, which has determined that the Placing Shares are: (i) compatible with an end target market of (a) retail investors, (b) investors who meet the criteria of professional clients and (c) eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Placing Shares may decline and investors could lose all or part of their investment; the Placing Shares offer no guaranteed income and no capital protection; and an investment in the Placing Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the Target Market Assessment, finnCap will only procure investors who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Placing Shares.

Each distributor is responsible for undertaking its own target market assessment in respect of the Placing Shares and determining appropriate distribution channels.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROIGPUWPGUPGGGB

(END) Dow Jones Newswires

January 19, 2021 06:24 ET (11:24 GMT)

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