Issue of Equity and Director/PDMR Dealings

RNS Number : 2294E
Quixant PLC
04 May 2017
 

4 May 2017

Quixant plc

("Quixant" or the "Company")

 

Exercise of Options / Issue of Equity

and Director/PDMR Dealings

 

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally to the global gaming industry, announces the following dealings in the ordinary shares of £0.001 pence each in the Company ("Ordinary Shares").

 

Director Dealing

 

On 4 May 2017, Michael Peagram, Non-Executive Chairman of the Company, purchased 25,000 Ordinary Shares at a price of 385 pence per Ordinary Share.

 

Exercise of Options

 

The Company announces that it has applied to the London Stock Exchange for 565,200 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 certain Directors', persons discharging managerial responsibilities ("PDMR's") and employees of the Company.

 

On 2 May 2017, Jon Jayal, Chief Operating Officer of the Company, exercised and retained the nil cost options over 400,000 Ordinary Shares granted to him by Nick Jarmany in recognition of his early stage contribution to Quixant's business and his importance to the Company in the future and referred to in paragraph 10 (b) of Part V of the Company's admission document dated 15 May 2013. These Ordinary Shares were held by Nick Jarmany, Chief Executive of the Company. Additionally, on 3 May 2017, Jon Jayal exercised a further 110,200 Options. He subsequently sold 50,000 Ordinary Shares on 3 May 2017 at a price of 385 pence per Ordinary Share.

 

On 3 May 2017, Cresten Preddy, Finance Director of the Company, exercised and retained 20,000 Options.

 

Following these transactions, on Admission:

-      Nick Jarmany will hold 12,179,940 Ordinary Shares, representing approximately 18.47 per cent. of the Company's issued share capital

-      Jon Jayal's shareholding will increase to 460,200 Ordinary Shares, representing approximately 0.70 per cent. of the Company's issued share capital; and

-      Cresten Preddy will hold 30,000 Ordinary Shares, representing approximately 0.05 per cent. of the Company's issued share capital.

-      Michael Peagram will hold 227,174 Ordinary Shares representing approximately 0.34 per cent. of the Company's issued share capital.

 

Furthermore, on 3 May 2017 the following PDMR's of the Company exercised Options:

 

PDMR

Role

Options exercised

Ordinary Shares subsequently sold

John Malin

Sales Director, Quixant UK Ltd

12,000

12,000

Sandra Lowman

Operations Director, Quixant UK Ltd

33,000

-

Amit Sharma

Vice President Sales & General Manager, Quixant USA Inc

17,000

-

 

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 5 May 2017. On Admission the Company's issued share capital will comprise 65,929,982 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 65,929,982 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 and Transparency Rules.

 

For further information please contact:

Quixant plc

Tel: +44 (0) 1223 892696

 

 

Jon Jayal, Chief Operating Officer

 

 

 

Nominated Adviser and Broker:


finnCap Ltd

Tel: +44 (0) 20 7220 0500

Matt Goode / Henrik Persson / Simon Hicks (Corporate Finance)

Simon Johnson / Alice Lane (Corporate Broking)

 

 

 

Financial PR:

Tel: +44(0) 20 8004 4218

Alma PR

 

John Coles

 

Hilary Buchanan

 

 

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:

Michael Peagram - Non-Executive Chairman

Nick Jarmany - Chief Executive

Jon Jayal - Chief Operating Officer

Cresten Preddy - Finance Director

John Malin - Sales Director, Quixant UK Ltd

Sandra Lowman - Operations Director, Quixant UK Ltd

Amit Sharma - Vice President Sales & General Manager, Quixant USA Inc

2.      

Reason for the notification

a)

Position/status:

See 1 (a) above, all are PDMR's of the Company

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:

 

Identification code:

Ordinary Shares of £0.001

 

 

GB00B99PCP71

 

b)

Nature of the transaction:

Michael Peagram

-      Purchase of Ordinary Shares

 

Nick Jarmany

-      Disposal of Ordinary Shares

 

Jon Jayal

-      Exercise of options over Ordinary Shares

-      Sale of Ordinary Shares

 

Cresten Preddy

-      Exercise of options over Ordinary Shares

 

John Malin

-      Exercise of options over Ordinary Shares

-      Sale of Ordinary Shares

 

Sandra Lowman

-      Exercise of options over Ordinary Shares

 

Amit Sharma

-      Exercise of options over Ordinary Shares

c)

Price(s) and volume(s):

Michael Peagram

Purchase of Ordinary Shares:

Price(s)

Volume(s)

385 pence

25,000

 

Nick Jarmany

Disposal of Ordinary Shares:

Price(s)

Volume(s)

nil pence

400,000

 

Jon Jayal

Exercise of Options:

Price(s)

Volume(s)

49 pence

110,200

nil pence

400,000

 

Sale of Ordinary Shares:

Price(s)

Volume(s)

385 pence

50,000

 

Cresten Preddy

Exercise of Options:

Price(s)

Volume(s)

49 pence

20,000

 

John Malin

Exercise of Options:

Price(s)

Volume(s)

49 pence

12,000

 

Sale of Ordinary Shares:

Price(s)

Volume(s)

385 pence

12,000

 

Sandra Lowman

Exercise of Options:

Price(s)

Volume(s)

49 pence

33,000

 

Amit Sharma

Exercise of Options:

Price(s)

Volume(s)

49 pence

17,000

d)

Aggregated information:

·     Aggregated volume:

·     Price:

See 4 (c) above

e)

Date of the transaction:

2 May 2017

-      Jon Jayal - exercise of 400,000 options over Ordinary Shares

 

-      Nick Jarmany - disposal of 400,000 Ordinary Shares

 

3 May 2017

-      Jon Jayal - exercise of 110,200 options over Ordinary Shares, sale of 50,000 Ordinary Shares

 

-      Cresten Preddy - exercise of 20,000 options over Ordinary Shares

 

-      John Malin - exercise of 12,000 options of Ordinary Shares, sale of 12,000 Ordinary Shares

 

-      Sandra Lowman - exercise of 33,000 options of Ordinary Shares

 

-      Amit Sharma - exercise of 17,000 options over Ordinary Shares

 

4 May 2017

Michael Peagram - purchase of 25,000 Ordinary Shares

 

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

 

 


This information is provided by RNS
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