Quixant PLC Issue of Equity & PDMR Dealing (7427E)

TIDMQXT

RNS Number : 7427E

Quixant PLC

22 October 2018

Quixant plc

("Quixant" or the "Company")

Issue of Equity & PDMR Dealing

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 8,200 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 person discharging managerial responsibilities ("PDMR") and an employee of the Company.

On 17 October 2018, Sandra Lowman, Executive Assistant to the CEO of the Company, exercised Options over 4,100 Ordinary Shares. The Options were exercised at a price of 158.5 pence per Ordinary Share.

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 26 October 2018. On Admission the Company's issued share capital will comprise 66,356,282 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 66,356,282 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.

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:                              Sandra Lowman 
     ---------------------------------  ------------------------------------------------------------------ 
 2.   Reason for the notification 
     ----------------------------------------------------------------------------------------------------- 
 a)   Position/status:                   Executive Assistant to the CEO / PDMR 
     ---------------------------------  ------------------------------------------------------------------ 
 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:                               2138003VERWSQP561X71 
     ---------------------------------  ------------------------------------------------------------------ 
 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 of GBP0.001 
       instrument, type of instrument: 
      Identification code:               GB00B99PCP71 
     ---------------------------------  ------------------------------------------------------------------ 
 b)   Nature of the transaction:         Exercise of options over Ordinary Shares 
     ---------------------------------  ------------------------------------------------------------------ 
 c)   Price(s) and volume(s):            Exercise of Options over Ordinary Shares Price(s)       Volume(s) 
                                           158.5 pence    4,100 
                                                         ---------- 
     ---------------------------------  ------------------------------------------------------------------ 
 d)   Aggregated information:            See 4 (c) above 
        *    Aggregated volume: 
 
 
        *    Price: 
     ---------------------------------  ------------------------------------------------------------------ 
 e)   Date of the transaction:           17 October 2018 
     ---------------------------------  ------------------------------------------------------------------ 
 f)   Place of the transaction:          Off market transaction 
     ---------------------------------  ------------------------------------------------------------------ 
 

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October 22, 2018 04:41 ET (08:41 GMT)