Grant of Options

RNS Number : 0099K

Quixant PLC

05 April 2018

 

5 April 2018

Quixant plc

("Quixant" or the "Company")

Grant of Options

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, announces that it has granted 65,000 options ("Options") over ordinary shares of 0.1 pence in the capital of the Company ("Ordinary Shares") to Jon Jayal, CEO of the Company (the "Grant").

The Options are exercisable at a price of 408.5 pence per Ordinary Share and are exercisable from the date of the release of the Company's accounts for the year ending 31 December 2020. The Options are exercisable subject to the growth of the diluted earnings per Ordinary Share (as set out in each of the audited accounts for the years ending 31 December 2018, 2019 and 2020) being equal to or greater than 10 per cent. in each financial year.

Following the Grant, there are a total of 667,098 Options outstanding, representing approximately 1.01 per cent. of the current issued share capital of the Company.

Further detail is set out in the PDMR disclosure table below.

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 / Henrik Persson / Simon Hicks (Corporate Finance) Simon Johnson / 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:	Jon Jayal - CEO
2.	Reason for the notification
a)	Position/status:	See 1 (a) above, PDMR 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:	Grant of options over Ordinary Shares
c)	Price(s) and volume(s):	Price(s) Volume(s) 408.5 pence 65,000
d)	Aggregated information: -      Aggregated volume: -      Price:	See 4 (c) above
e)	Date of the transaction:	4 April 2018
f)	Place of the transaction:	Off market transaction

 

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