Quartix Holdings PLC Exercise of Options, Director/PDMR Dealing & TVR (6862T)

TIDMQTX

RNS Number : 6862T

Quartix Holdings PLC

26 March 2021

Quartix Holdings PLC

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

Exercise of Share Options, Director/PDMR Shareholdings 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 35,946 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. Of the 35,946 new Ordinary Shares, 12,196 are pursuant to the exercise of options by Daniel Mendis, Chief Operating and Financial Officer of the Company.

Following the exercise of options, Mr Mendis is now interested in 16,931 Ordinary Shares, representing approximately 0.04 per cent. of the Company's total issued share capital following Admission.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the 35,946 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence as follows: at 8.00 a.m. on 30 March 2021 for 27,946 new Ordinary Shares and 8:00 a.m. on 1 April 2021 for 8,000 new Ordinary Shares.

After Admission, the total number of Ordinary Shares in issue will be 48,299,894 and the total number of voting rights will therefore be 48,299,894. 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.

Director/PDMR Dealings

The Remuneration Committee has separately agreed on a cash settlement of 112,443 vested unapproved options held by Mr Mendis, with such vested options being cancelled at the time of the cash settlement. It is intended that the gross amount of GBP97,825 be partially used in exercising more of Mr Mendis' options under the Company's Enterprise Management Incentive (EMI) scheme and a further announcement shall be made on this in due course.

The Company has also been notified that on 24 March 2021, Peter Brown, a PDMR of the Company, sold 15,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 540 pence per Ordinary Share. As a result, Mr Brown is now interested in 201,434 Ordinary Shares of the Company, representing approximately 0.42 per cent. of the Company's total issued share capital.

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 
     -------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)                           Price(s)     Volume(s) 
                                         Exercise 
                                          of Options    270 pence    12,196 
                                                       -----------  ---------- 
     -------------------------------  ---------------------------------------- 
 d)      Aggregated information: 
           *    Aggregated volume        As above 
 
 
           *    Price 
     -------------------------------  ---------------------------------------- 
 e)   Date of the transaction          24 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                             Peter Brown 
     -------------------------------  -------------------------------------- 
 2.   Reason for the Notification 
     ----------------------------------------------------------------------- 
 a)   Position/status                  PDMR/Senior Management 
     -------------------------------  -------------------------------------- 
 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) 
                                         Sale of 
                                          Ordinary 
                                          Shares      540 pence    15,000 
                                                     -----------  ---------- 
     -------------------------------  -------------------------------------- 
 d)      Aggregated information: 
           *    Aggregated volume        As above 
 
 
           *    Price 
     -------------------------------  -------------------------------------- 
 e)   Date of the transaction          24 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                             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        Cancellation of Options 
     -------------------------------  ---------------------------------------- 
 c)   Price(s) and volume(s)                            Price(s)    Volume(s) 
                                         Cancellation 
                                          of Options     -           112,443 
                                                        ----------  ---------- 
     -------------------------------  ---------------------------------------- 
 d)      Aggregated information: 
           *    Aggregated volume        As above 
 
 
           *    Price 
     -------------------------------  ---------------------------------------- 
 e)   Date of the transaction          24 March 2021 
     -------------------------------  ---------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ---------------------------------------- 
 

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March 26, 2021 09:57 ET (13:57 GMT)