Director/PDMR Shareholdings

RNS Number : 4606M
Quixant PLC
30 April 2018
 

Quixant plc

("Quixant", the "Company" or the "Group")

 

Director/PDMR Shareholdings

 

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, was notified on 27 April 2018 that on the same day certain directors of the Company, persons closely associated with directors of the Company ("PCA's") (together the "Director Vendors") and a founder shareholder of the Company sold a total of 2,239,025 existing ordinary shares of 0.1p in the Company ("Ordinary Shares") at a price of 410 pence per Ordinary Share (the "Placing Shares" and the "Placing").

 

The Placing, which was oversubscribed, was undertaken in order to satisfy market demand and broaden the institutional shareholder base of the Company and represent, in aggregate, approximately 3.4 per cent. of the issued share capital of the Company.

 

Subsequent to the Placing, the Director Vendors revised shareholdings are set out below:

 

Director Vendor

Placing Shares sold

Resultant shareholding


Number of Ordinary Shares

% of Issued Share Capital

Number of Ordinary Shares

% of Issued Share Capital

Nick Jarmany and PCA's

1,309,177

2.0%

10,870,763

16.5%

Jon Jayal and PCA's

100,000

0.2%

360,200

0.5%

Gary Mullins and PCA's

629,848

1.0%

2,199,395

3.3%

 

Following the Placing, the aggregate Mullins family shareholding (comprising Gary Mullins, Sophie Mullins, Mark Mullins, John Mullins and Susan Mullins) amounts to 7,375,815 Ordinary Shares, representing approximately 11.2% of the issued share capital of the Company.

 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

For further information please contact:

 

Quixant plc

Tel: +44 (0) 1223 892696

Jon Jayal (Chief Executive Officer)

Cresten Preddy (Chief Financial Officer)

 

 

 

Nominated Adviser and Broker:


finnCap Ltd

Tel: +44 (0) 20 7220 0500

Matt Goode / Simon Hicks (Corporate Finance)

Simon Johnson / Alice Lane (Corporate Broking)

 

 

 

Financial PR:

Tel: +44 (0) 7909 009173

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.

 

 

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

Nick Jarmany - Executive Vice-Chairman

Francesca Marzilli (PCA)

2.               

Reason for the Notification

a)

Position/status

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

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 0.1p

Identification code

GB00B99PCP71

b)

Nature of the transaction

Sales of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

410p

1,309,177

d)

Aggregated information:

·      Aggregated volume

·      Price

Sale of 1,309,177 ordinary shares at 410p per ordinary share

e)

Date of the transaction

27/04/2018

f)

Place of the transaction

AIM Market (XLON)

 

 

 

1.    

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jon Jayal - Chief Executive Officer

2.               

Reason for the Notification

a)

Position/status

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

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 0.1p

Identification code

GB00B99PCP71

b)

Nature of the transaction

Sales of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

410p

100,000

d)

Aggregated information:

·      Aggregated volume

·      Price

Sale of 100,000 ordinary shares at 410p per ordinary share

e)

Date of the transaction

27/04/2018

f)

Place of the transaction

AIM Market (XLON)

 

 

5.               

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gary Mullins - Group Strategic Sales Director

Sophie Mullins (PCA)

6.               

Reason for the Notification

a)

Position/status

PDMR

b)

Initial notification/Amendment

Initial notification

7.    

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Quixant plc

b)

LEI

2138003VERSWQP561X71

8.    

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 0.1p

Identification code

GB00B99PCP71

b)

Nature of the transaction

Sales of ordinary shares

c)

Price(s) and volume(s)

Price(s)

Volume(s)

410p

629,848

d)

Aggregated information:

·      Aggregated volume

·      Price

Sale of 629,848 ordinary shares at 410p per ordinary share

e)

Date of the transaction

27/04/2018

f)

Place of the transaction

AIM Market (XLON)

 


This information is provided by RNS
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