Quixant PLC Exercise of Options (7984X)

TIDMQXT

RNS Number : 7984X

Quixant PLC

01 May 2019

Quixant plc

("Quixant" or the "Company")

Exercise of Options

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, announces that it has applied to the London Stock Exchange for 20,500 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 option over Ordinary Shares ("Options") by an employee of the Company.

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 8 May 2019. On Admission the Company's issued share capital will comprise 66,415,060 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 66,415,060 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: [phone] 
Jon Jayal (Chief Executive Officer) 
 Guy Millward (Chief Financial Officer) 
 
Nominated Adviser and Broker: 
finnCap Ltd                                   Tel: [phone] 
Matt Goode / Simon Hicks (Corporate Finance) 
 Alice Lane (ECM) 
 
Financial PR:                                 Tel: [phone] 
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.

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 [e-mail] or visit www.rns.com.

END

ALSABMITMBAMBLL

(END) Dow Jones Newswires

May 01, 2019 11:03 ET (15:03 GMT)