Director/PDMR Shareholding, Issue of Equity & TVR

Nexteq PLC
14 March 2024
 

Nexteq plc

 

("Nexteq" or the "Group")

Director/PDMR Shareholding

 

and

 

Total Voting Rights

 

Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, announces that it has applied to the London Stock Exchange for 25,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to the exercise of options over Ordinary Shares by Johan Olivier, Group Chief Financial Officer, at an exercise price of 0.1 pence per Ordinary Share. Subsequent to his exercise of options, Johan Olivier has sold 11,000 Ordinary Shares at a price of 151  pence per Ordinary Share to cover his associated tax costs. His residual holding in the Company following these transactions is 14,000 Ordinary Shares, representing 0.02 per cent. of the  Company's issued share capital.

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 18 March 2024. On Admission the Company's issued share capital will comprise 66,539,060 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 66,539,060 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.

 

Nexteq plc

Jon Jayal, Chief Executive Officer

Johan Olivier, Chief Financial Officer

 

Tel: +44 (0)1223 892 696

Nominated Adviser and Broker:

Cavendish Capital Markets Ltd

Matt Goode / Simon Hicks (Corporate Finance)

Tim Redfern / Harriet Ward (ECM)

 

Tel: +44 (0) 20 7220 0500

Joint Broker:

Canaccord Genuity Limited

Simon Bridges / Andrew Potts

 

Tel: +44 (0) 20 7523 8000

Financial PR:

Alma Strategic Communications

Hilary Buchanan / Kieran Breheny

Tel: +44 (0)20 3405 0205

 

About Nexteq

Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in selected industrial markets. Its innovative technology enables the manufacturers of global electronic equipment to outsource the design, development and supply of non-core aspects of their product offering. By outsourcing elements of their technology stack to Nexteq, customers can focus their product development effort on the most critical drivers of their business' success.

Our solutions are delivered through a global sales team and leverage the Group's electronic hardware, software, display and mechanical engineering expertise. Our Taiwan operation is at the heart of Asian supply networks and facilitates cost effective manufacturing and strategic supply chain management.

The Group operates in seven countries and services over 500 customers across 50 countries.

Nexteq operates two distinct brands: Quixant, a specialised computer platforms provider, and Densitron, leaders in human machine interface technology, each with dedicated sales, account management and product innovation teams. Founded in 2005, and later floating on the London Stock Exchange's AIM stock market as Quixant plc, the Group rebranded to Nexteq in 2023.

Further information on Nexteq and its divisions can be found at www.nexteqplc.com.

The notifications below are made in accordance with Article 19(3) of the Market Abuse Regulation:

1

 

Details of the person discharging managerial responsibilities / person closely associated

 

a)


Johan Olivier

2

Reason for the notification

 

a)

Position/status

Group 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

Nexteq 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 instrument, type of instrument

Ordinary shares of 0.1 pence each



Identification code

GB00B99PCP71


 

 

b)

Nature of the transaction

Exercise of options over Ordinary Shares

Sale of Ordinary Shares

c)

Price(s) and volume(s)







Exercise of Options:





Price(s)

Volume(s)




0.1 pence

25,000




Sale of Ordinary Shares:





Price(s)

Volume(s)




151 pence

11,000







d)

Aggregated information

 

Exercise of Options:


- Aggregated volume

25,000 Ordinary Shares

 



- Price

0.1 pence per Ordinary Share

 

Sale of Ordinary Shares:

- Aggregated volume

- Price

 

 

11,000 Ordinary Shares

151 pence per Ordinary Share

e)

Date of the transactions

14 March 2024

f)

Place of the transaction

London Stock Exchange

 

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END
 
 

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Nexteq (NXQ)
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