Quixant PLC Grant of Options (1827V)

TIDMQXT

RNS Number : 1827V

Quixant PLC

04 April 2019

4 April 2019

Quixant plc

("Quixant" or the "Company")

Grant of Options

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, announces that it has granted a total of 55,000 options ("Options") over ordinary shares of 0.1 pence in the capital of the Company ("Ordinary Shares") to the following persons discharging managerial responsibility ("PDMRs") (the "Grant"):

   Andrew Miller, Director of Operations of the Company               25,000 options 
   Martyn Gates, Densitron Product Director                                      15,000 options 
   Allen Chong, President, Densitron Corporation America              15,000 options 

The Options are exercisable at a price of 296 pence per Ordinary Share and are exercisable from the date of the release of the Company's accounts for the year ending 31 December 2021. The Options are exercisable subject to the growth of the diluted earnings per Ordinary Share (as set out in each of the audited accounts for the years ending 31 December 2019, 2020 and 2021) being equal to or greater than 10 per cent. in each financial year.

Following the Grant, there are a total of 559,568 Options outstanding, representing approximately 0.84 per cent. of the current issued share capital of the Company.

Further detail is set out in the PDMR disclosure table below.

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 / Hilary Buchanan / 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 persons discharging managerial responsibilities/person closely associated 
a)  Names:                                       Andrew Miller 
2.  Reason for the notification 
a)  Position/status:                             PDMR / Director of Operations 
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 financial                 Ordinary Shares of GBP0.001 
     instrument, type of instrument:              GB00B99PCP71 
     Identification code: 
b)  Nature of the transaction:                   Grant of options over Ordinary Shares 
c)  Price(s) and volume(s):                      Price(s)    Volume(s) 
                                                  296 pence   25,000 
d)  Aggregated information:                      See 4 (c) above 
     - Aggregated volume: 
     - Price: 
e)  Date of the transaction:                     2 April 2019 
f)  Place of the transaction:                    Off market transaction 
 
 
1.  Details of the persons discharging managerial responsibilities/person closely associated 
a)  Names:                                          Martyn Gates 
2.  Reason for the notification 
a)  Position/status:                                PDMR / Densitron Product Director 
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 financial                    Ordinary Shares of GBP0.001 
     instrument, type of instrument:                 GB00B99PCP71 
     Identification code: 
b)  Nature of the transaction:                      Grant of options over Ordinary 
                                                     Shares 
c)  Price(s) and volume(s):                         Price(s)    Volume(s) 
                                                     296 pence   15,000 
d)  Aggregated information:                         See 4 (c) above 
     - Aggregated volume: 
     - Price: 
e)  Date of the transaction:                        2 April 2019 
f)  Place of the transaction:                       Off market transaction 
 
 
1.  Details of the persons discharging managerial responsibilities/person closely associated 
a)  Names:                                      Allen Chong 
2.  Reason for the notification 
a)  Position/status:                            PDMR / President, Densitron Corporation 
                                                 America 
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 financial                Ordinary Shares of GBP0.001 
     instrument, type of instrument:             GB00B99PCP71 
     Identification code: 
b)  Nature of the transaction:                  Grant of options over Ordinary 
                                                 Shares 
c)  Price(s) and volume(s):                     Price(s)    Volume(s) 
                                                 296 pence   15,000 
d)  Aggregated information:                     See 4 (c) above 
     - Aggregated volume: 
     - Price: 
e)  Date of the transaction:                    2 April 2019 
f)  Place of the transaction:                   Off market transaction 
 

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April 04, 2019 08:54 ET (12:54 GMT)