Issue of Equity & Directorate Changes

RNS Number : 1675Y

Quartix Holdings PLC

01 December 2017

 

1 December 2017

Quartix Holdings plc

("Quartix" or the "Company")

Further re Directorate changes and grant of options

Quartix Holdings plc, a leading supplier of subscription-based vehicle tracking systems, software and services in the UK, is pleased to announce, further to the announcement dated 27 September 2017, that Daniel Mendis has joined the Company as Chief Financial Officer and is expected to take up his new position as an Executive Director of the Company's Board on 1^st January 2018.

In line with the terms of Mr Mendis' employment contract the Company has today granted him 280,000 options over ordinary shares of 1 pence each ("Ordinary Shares") in the capital of the Company (the "Options"). The Options give Mr Mendis the right to subscribe for Ordinary Shares at a price of 360 pence per Ordinary Share, being the closing middle-market price of the Company's Ordinary Shares on 30 November 2017. The Options vest in tranches of 20% on each of 1 March 2019, 2020, 2021, 2022 and 2023, are exercisable until 31 March 2025, and are subject to certain conditions concerning minimum holding periods.

For further information, please contact:

Quartix (www.quartix.net) Andy Walters, Managing Director David Bridge, Finance Director	01686 806 663
finnCap (Nominated Adviser and Broker) Matt Goode/Scott Mathieson (Corporate Finance) Alice Lane (Corporate Broking)	020 7220 0500

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Daniel Mendis
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	Quartix Holdings plc
b)	LEI	213800I4PGCG3QUIHC59
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	Options over 1p Ordinary shares
	Identification code	QTX GB00BLZH2C83
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)	Price(s) Volume(s) 360 pence 280,000
d)	Aggregated information: ·     Aggregated volume ·     Price	280,000 options over ordinary shares of 1 pence exercisable  at 360 pence per ordinary share
e)	Date of the transaction	1 December 2017
f)	Place of the transaction	London Stock Exchange, AIM Market (XLON)

 

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