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QXT Quixant Plc

175.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Quixant Plc LSE:QXT London Ordinary Share GB00B99PCP71 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 175.00 172.00 178.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Quixant PLC Director/PDMR Dealings (8714N)

11/05/2018 4:10pm

UK Regulatory


Quixant (LSE:QXT)
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TIDMQXT

RNS Number : 8714N

Quixant PLC

11 May 2018

Quixant plc

("Quixant" or the "Company")

Exercise of Options / Issue of Equity

and Director/PDMR Dealings

Quixant (AIM: QXT), a leading provider of specialised computing platforms for gaming and slot machine applications, announces that it has applied to the London Stock Exchange for 313,100 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 exercises of options over Ordinary Shares ("Options") by a Director, certain persons discharging managerial responsibilities ("PDMR's") and other employees of the Company.

On 10 May 2018, Cresten Preddy, Finance Director of the Company, exercised Options over 39,000 Ordinary Shares. On Admission Cresten Preddy will hold 79,000 Ordinary Shares, representing approximately 0.12% of the Company's enlarged issued share capital.

Furthermore, also on 10 May 2018, the following PDMR's of the Company exercised Options and (in certain cases) subsequently sold Ordinary Shares as follows:

 
 PDMR              Role                        Options               Ordinary 
                                             exercised    Shares subsequently 
                                                                         sold 
----------------  -----------------------  -----------  --------------------- 
                   Sales Director, 
 John Malin         Quixant UK Ltd              15,000                 15,000 
----------------  -----------------------  -----------  --------------------- 
                   Finance Director, 
 Stuart Fisher      Quixant UK Ltd               6,150                  6,150 
----------------  -----------------------  -----------  --------------------- 
                   Vice President Sales 
                    & General Manager, 
 Amit Sharma        Quixant USA Inc             60,000                 20,000 
----------------  -----------------------  -----------  --------------------- 
                   Manager, Software 
                    Engineering, Quixant 
 Paolo Ruscitti     Italia Srl                  20,000                 20,000 
----------------  -----------------------  -----------  --------------------- 
 

Total Voting Rights

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 16 May 2018. On Admission the Company's issued share capital will comprise 66,348,082 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 66,348,082 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 Guidance and Transparency Rules.

For further information please contact:

 
Quixant plc                                   Tel: +44 (0) 1223 892696 
Jon Jayal (Chief Executive Officer) 
 Cresten Preddy (Chief Financial Officer) 
 
Nominated Adviser and Broker: 
finnCap Ltd                                   Tel: +44 (0) 20 7220 0500 
Matt Goode / Simon Hicks (Corporate Finance) 
 Alice Lane (Corporate Broking) 
 
Financial PR:                                 Tel: +44 (0) 7909 009173 
Alma PR 
John Coles 
Susie Hudson 
 

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for 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 some of which is protected by patents and design rights.

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.

The information contained in this announcement is inside information for the purposes of article 7 of Regulation 596/2014.

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:                             Cresten Preddy - Finance Director 
                                         John Malin - Sales Director, Quixant 
                                         UK Ltd 
                                         Stuart Fisher - Finance Director, 
                                         Quixant UK Ltd 
                                         Amit Sharma - Vice President Sales 
                                         & General Manager, Quixant USA Inc 
                                         Paolo Ruscitti - Manager, Software 
                                         Engineering, Quixant Italia Srl 
---  --------------------------------  --------------------------------------------------- 
 2.   Reason for the notification 
---  ------------------------------------------------------------------------------------- 
 a)   Position/status:                    See 1 (a) above, all are 
                                           PDMR's of the Company 
---  ----------------------------------  ------------------------------------------------- 
 b)   Initial notification/Amendment:     Initial Notification 
---  ----------------------------------  ------------------------------------------------- 
 3.   Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or 
       auction monitor 
---  ------------------------------------------------------------------------------------- 
 a)   Name:                               Quixant plc 
---  ----------------------------------  ------------------------------------------------- 
 b)   LEI:                                2138003VERSWQP561X71 
---  ----------------------------------  ------------------------------------------------- 
 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                  Ordinary Shares of GBP0.001 
       financial instrument, 
       type of instrument: 
                                           GB00B99PCP71 
       Identification code: 
---  ----------------------------------  ------------------------------------------------- 
 b)   Nature of the transaction:          Cresten Preddy 
                                            *    Exercise of options over Ordinary Shares 
 
 
 
                                           John Malin 
                                            *    Exercise of options over Ordinary Shares 
 
 
                                            *    Sale of Ordinary Shares 
 
 
 
                                           Stuart Fisher 
                                            *    Exercise of options over Ordinary Shares 
 
 
                                            *    Sale of Ordinary Shares 
 
 
 
                                           Amit Sharma 
                                            *    Exercise of options over Ordinary Shares 
 
 
                                            *    Sale of Ordinary Shares 
 
 
 
                                           Paolo Ruscitti 
                                            *    Exercise of options over Ordinary Shares 
 
 
                                            *    Sale of Ordinary Shares 
---  ----------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s):             Cresten Preddy 
                                           Exercise of Options: Price(s)    Volume(s) 
                                           ----------  ---------- 
                                            49 pence    39,000 
                                           ----------  ---------- 
 
 
                                           John Malin 
                                           Exercise of Options: Price(s)    Volume(s) 
                                           ----------  ---------- 
                                            49 pence    15,000 
                                           ----------  ---------- 
 
 
                                           Sale of Ordinary Shares: Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            430 pence    15,000 
                                           -----------  ---------- 
 
 
                                           Stuart Fisher 
                                           Exercise of Options: Price(s)       Volume(s) 
                                           -------------  ---------- 
                                            158.5 pence    6,150 
                                           -------------  ---------- 
 
 
                                           Sale of Ordinary Shares: Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            430 pence    6,150 
                                           -----------  ---------- 
 
 
                                           Amit Sharma 
                                           Exercise of Options: Price(s)    Volume(s) 
                                           ----------  ---------- 
                                            49 pence    60,000 
                                           ----------  ---------- 
 
 
                                           Sale of Ordinary Shares: Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            430 pence    20,000 
                                           -----------  ---------- 
 
 
                                           Paolo Ruscitti 
                                           Exercise of Options: Price(s)    Volume(s) 
                                           ----------  ---------- 
                                            49 pence    20,000 
                                           ----------  ---------- 
 
 
                                           Sale of Ordinary Shares: Price(s)     Volume(s) 
                                           -----------  ---------- 
                                            430 pence    20,000 
                                           -----------  ---------- 
---  ----------------------------------  ------------------------------------------------- 
 d)   Aggregated information:             See 4 (c) above 
        *    Aggregated volume: 
 
 
        *    Price: 
---  ----------------------------------  ------------------------------------------------- 
 e)   Date of the transaction:            10 May 2018 
---  ----------------------------------  ------------------------------------------------- 
 f)   Place of the transaction:           London Stock Exchange, AIM 
                                           Market (XLON) 
---  ----------------------------------  ------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 11, 2018 11:10 ET (15:10 GMT)

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