Director/PDMR Dealings

RNS Number : 8714N

Quixant PLC

11 May 2018

 

Quixant plc

("Quixant" or the "Company")

Exercise of Options / Issue of Equity

and Director/PDMR Dealings

Quixant (AIM: QXT), a leading provider of specialised computing platforms for gaming and slot machine applications, announces that it has applied to the London Stock Exchange for 313,100 ordinary shares of £0.001 pence each in the Company ("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 a Director, certain persons discharging managerial responsibilities ("PDMR's") and other employees of the Company.

On 10 May 2018, Cresten Preddy, Finance Director of the Company, exercised Options over 39,000 Ordinary Shares. On Admission Cresten Preddy will hold 79,000 Ordinary Shares, representing approximately 0.12% of the Company's enlarged issued share capital.

Furthermore, also on 10 May 2018, the following PDMR's of the Company exercised Options and (in certain cases) subsequently sold Ordinary Shares as follows:

PDMR	Role	Options exercised	Ordinary Shares subsequently sold
John Malin	Sales Director, Quixant UK Ltd	15,000	15,000
Stuart Fisher	Finance Director, Quixant UK Ltd	6,150	6,150
Amit Sharma	Vice President Sales & General Manager, Quixant USA Inc	60,000	20,000
Paolo Ruscitti	Manager, Software Engineering, Quixant Italia Srl	20,000	20,000

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 16 May 2018. On Admission the Company's issued share capital will comprise 66,348,082 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 66,348,082 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.

For further information please contact:

Quixant plc	Tel: [phone]
Jon Jayal (Chief Executive Officer) Cresten Preddy (Chief Financial Officer)
Nominated Adviser and Broker:
finnCap Ltd	Tel: [phone]
Matt Goode / Simon Hicks (Corporate Finance) Alice Lane (Corporate Broking)
Financial PR:	Tel: [phone]
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.

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

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:	Cresten Preddy - Finance Director John Malin - Sales Director, Quixant UK Ltd Stuart Fisher - Finance Director, Quixant UK Ltd Amit Sharma - Vice President Sales & General Manager, Quixant USA Inc Paolo Ruscitti - Manager, Software Engineering, Quixant Italia Srl
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:		Cresten Preddy -      Exercise of options over Ordinary Shares John Malin -      Exercise of options over Ordinary Shares -      Sale of Ordinary Shares Stuart Fisher -      Exercise of options over Ordinary Shares -      Sale of Ordinary Shares Amit Sharma -      Exercise of options over Ordinary Shares -      Sale of Ordinary Shares Paolo Ruscitti -      Exercise of options over Ordinary Shares -      Sale of Ordinary Shares
c)	Price(s) and volume(s):		Cresten Preddy Exercise of Options: Price(s) Volume(s) 49 pence 39,000 John Malin Exercise of Options: Price(s) Volume(s) 49 pence 15,000 Sale of Ordinary Shares: Price(s) Volume(s) 430 pence 15,000 Stuart Fisher Exercise of Options: Price(s) Volume(s) 158.5 pence 6,150 Sale of Ordinary Shares: Price(s) Volume(s) 430 pence 6,150 Amit Sharma Exercise of Options: Price(s) Volume(s) 49 pence 60,000 Sale of Ordinary Shares: Price(s) Volume(s) 430 pence 20,000 Paolo Ruscitti Exercise of Options: Price(s) Volume(s) 49 pence 20,000 Sale of Ordinary Shares: Price(s) Volume(s) 430 pence 20,000
d)	Aggregated information: ·     Aggregated volume: ·     Price:		See 4 (c) above
e)	Date of the transaction:		10 May 2018
f)	Place of the transaction:		London Stock Exchange, AIM Market (XLON)

 

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