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QXT Quixant Plc

175.00
0.00 (0.00%)
23 Apr 2024 - Closed
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 Grant of Options (2216U)

27/03/2023 7:00am

UK Regulatory


Quixant (LSE:QXT)
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From Apr 2022 to Apr 2024

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TIDMQXT

RNS Number : 2216U

Quixant PLC

27 March 2023

27 March 2023

Quixant plc

("Quixant" or the "Group")

Grant of Options

Quixant (AIM:QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries , announces that, under the Quixant plc 2022 Long Term Incentive Plan, the Board has granted a total of 646,274 options ("Options") over ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") to persons discharging managerial responsibilities ("PDMRs") in the business.

Vesting of these options is subject to performance conditions. The vesting of 70 per cent. of such awards would be dependent on the Company's adjusted earnings per share performance for the financial year ending 31 December 2025. The vesting of 30 per cent. of such awards would be dependent on the Company's total shareholder return performance over a three-year period commencing on the grant of the awards. Further details on the performance conditions will be available within the Company's forthcoming Notice of AGM.

Details of the options granted to PDMRs are as follows:

 
 Name                   Title                                  Number of Shares 
                       ------------------------------------- 
 Jon Jayal              Group CEO                                  169,831 
---------------------  -------------------------------------  ----------------- 
 Johan Olivier          Group CFO                                  126,404 
---------------------  -------------------------------------  ----------------- 
 Duncan Faithfull       EVP, Gaming Business Leader and CCO        117,978 
---------------------  -------------------------------------  ----------------- 
 Abhinay Bhagavatula    EVP, Gaming Business Leader and CTO        117,033 
---------------------  -------------------------------------  ----------------- 
 Simon Jones            EVP, Densitron CEO                         115,028 
---------------------  -------------------------------------  ----------------- 
 

Following the Grant, there are a total of 1,939,882 Options outstanding, representing approximately 2.9% of the current issued share capital of the Company.

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

 
 Quixant plc                               Tel: +44 (0)1223 892 696 
  Jon Jayal, Chief Executive Officer 
  Johan Olivier, Chief Financial Officer 
 Nominated Adviser and Broker:             Tel: +44 (0) 20 7220 0500 
  finnCap Ltd 
  Matt Goode / Simon Hicks (Corporate 
  Finance) 
  Alice Lane / Charlotte Sutcliffe 
  (ECM) 
 Joint Broker:                             Tel: +44 (0) 20 7523 8000 
  Canaccord Genuity Limited 
  Simon Bridges / Andrew Potts 
 Financial PR:                             Tel: +44 (0)20 3405 0205 
  Alma PR 
  Hilary Buchanan / Kieran Breheny 
  / Will Ellis Hancock 
 

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming and broadcast industries. The Company is headquartered in Cambridge in the UK, with offices throughout Europe, North America and Asia. Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support teams based in Italy and Slovenia. 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 .

 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                 Jon Jayal 
     ------------------------------------  --------------------------------- 
 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:                                 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          Options over Ordinary shares 
       instrument, type of                   of 0.1p 
       instrument:                           GB00B99PCP71 
       Identification code: 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction:            Purchase of ordinary shares of 
                                             0.1p 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s):                Price(s)   Volume(s) 
                                              0.1p       169,831 
                                                        ---------- 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information:               See 4 (c) 
        *    Aggregated volume: 
 
 
        *    Price: 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction:              22 March 2023 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction:             Off market transaction 
     ------------------------------------  --------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                 Johan Olivier 
     ------------------------------------  --------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                      Chief 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:                                 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          Options over Ordinary shares 
       instrument, type of                   of 0.1p 
       instrument:                           GB00B99PCP71 
       Identification code: 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction:            Purchase of ordinary shares of 
                                             0.1p 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s):                Price(s)   Volume(s) 
                                              0.1p       126,404 
                                                        ---------- 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information:               See 4 (c) 
        *    Aggregated volume: 
 
 
        *    Price: 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction:              22 March 2023 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction:             Off market transaction 
     ------------------------------------  --------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                Duncan Faithfull 
     -----------------------------------  ---------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                     EVP, Gaming Business Leader and 
                                            CCO 
     -----------------------------------  ---------------------------------- 
 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         Options over Ordinary shares 
       instrument, type of                  of 0.1p 
       instrument:                          GB00B99PCP71 
       Identification code: 
     -----------------------------------  ---------------------------------- 
 b)   Nature of the transaction:           Purchase of ordinary shares of 
                                            0.1p 
     -----------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s):               Price(s)   Volume(s) 
                                             0.1p       117,978 
                                                       ---------- 
     -----------------------------------  ---------------------------------- 
 d)   Aggregated information:              See 4 (c) 
        *    Aggregated volume: 
 
 
        *    Price: 
     -----------------------------------  ---------------------------------- 
 e)   Date of the transaction:             22 March 2023 
     -----------------------------------  ---------------------------------- 
 f)   Place of the transaction:            Off market transaction 
     -----------------------------------  ---------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                Abhinay Bhagavatula 
     -----------------------------------  ---------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                     EVP, Gaming Business Leader and 
                                            CTO 
     -----------------------------------  ---------------------------------- 
 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         Options over Ordinary shares 
       instrument, type of                  of 0.1p 
       instrument:                          GB00B99PCP71 
       Identification code: 
     -----------------------------------  ---------------------------------- 
 b)   Nature of the transaction:           Purchase of ordinary shares of 
                                            0.1p 
     -----------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s):               Price(s)   Volume(s) 
                                             0.1p       117,033 
                                                       ---------- 
     -----------------------------------  ---------------------------------- 
 d)   Aggregated information:              See 4 (c) 
        *    Aggregated volume: 
 
 
        *    Price: 
     -----------------------------------  ---------------------------------- 
 e)   Date of the transaction:             22 March 2023 
     -----------------------------------  ---------------------------------- 
 f)   Place of the transaction:            Off market transaction 
     -----------------------------------  ---------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities/person 
       closely associated 
 a)   Name:                                 Simon Jones 
     ------------------------------------  --------------------------------- 
 2.   Reason for the notification 
     ----------------------------------------------------------------------- 
 a)   Position/status:                      EVP, Densitron CEO 
     ------------------------------------  --------------------------------- 
 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          Options over Ordinary shares 
       instrument, type of                   of 0.1p 
       instrument:                           GB00B99PCP71 
       Identification code: 
     ------------------------------------  --------------------------------- 
 b)   Nature of the transaction:            Purchase of ordinary shares of 
                                             0.1p 
     ------------------------------------  --------------------------------- 
 c)   Price(s) and volume(s):                Price(s)   Volume(s) 
                                              0.1p       115,028 
                                                        ---------- 
     ------------------------------------  --------------------------------- 
 d)   Aggregated information:               See 4 (c) 
        *    Aggregated volume: 
 
 
        *    Price: 
     ------------------------------------  --------------------------------- 
 e)   Date of the transaction:              22 March 2023 
     ------------------------------------  --------------------------------- 
 f)   Place of the transaction:             Off market transaction 
     ------------------------------------  --------------------------------- 
 

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.

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END

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March 27, 2023 02:00 ET (06:00 GMT)

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