Appointment of CFO

RNS Number : 5389E

Quixant PLC

08 July 2021

 

8 July 2021

Quixant plc

("Quixant" or the "Group")

Appointment of CFO

Quixant (AIM:QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, is pleased to announce that Johan Olivier will join the business as Chief Financial Officer on 31^st August 2021 and will be appointed to the Board.

Johan joins the business from XP Power, the FTSE250 designer and manufacturer of power components, where he operated as Group Finance Director for three years and was responsible for financial planning, reporting and treasury functions.  Johan also served as XP Power's Acting CFO while the company was seeking a permanent candidate.  Prior to this, Johan held finance roles at Logica plc and Finastra after beginning his career in public practice. Johan is a certified Chartered Accountant.

Johan will take over from Andrew Jarvis, Interim CFO, who will stay with the business until the end of the year to help with an orderly handover.

Francis Small, Chairman of Quixant, commented: "We are delighted to be bringing Johan onto the Board and to have attracted someone of his calibre.  His tenure during several years of impressive growth at XP Power puts him in excellent stead to support Quixant's ambitious growth plans.  On behalf of the Board, I would like to thank Andrew for his hard work and contribution to Quixant over the last year, which have helped navigate the business through unprecedent global conditions."

Quixant plc Jon Jayal, Chief Executive Officer Andrew Jarvis, Interim Chief Financial Officer	Tel: [phone]
Nominated Adviser and Broker: finnCap Ltd Matt Goode / Simon Hicks (Corporate Finance) Alice Lane (ECM)	Tel: [phone]
Joint Broker: Canaccord Genuity Limited Simon Bridges / Andrew Potts	Tel: [phone]
Financial PR: Alma PR John Coles / Hilary Buchanan / Kieran Breheny	Tel: [phone]

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming and broadcast industries. The Company is headquartered in Cambridge in the UK, with offices throughout Europe, North America and Asia.  Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support teams based in Italy and Slovenia. 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.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.

The following information regarding the appointment of Johannes Jacobus Olivier, aged 43, is disclosed under Schedule 2(g) of the AIM Rules for Companies:

Current directorships and/or partnerships:

Former directorships and/or partnerships (within the last five years):

None

Misys Finance Limited ACT Sigmex Limited Turaz Limited Misys Group Holdings Limited Misys International Banking Systems (CIS) Limited Misys Services Limited ACT Overseas Limited Finastra Subco Limited Finastra International Limited Finastra UK Limited Misys India Holdings Limited Finastra Europe Limited Finastra Holdings Limited Misys Africa Limited Misys International Limited Finastra Global Limited Finastra Group Holdings Limited Finastra Global Operations Limited ACT Pension Trustees Limited Fundtech Financial Messaging Ltd Payactive Limited Accountis Europe Ltd Intersoftware UK Limited Fundtech UK Limited Intersoftware Bureaux Limited

 

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