Grant of Options

RNS Number : 8514K

Quixant PLC

09 May 2022

 

9 May 2022

Quixant plc

("Quixant" or the "Group")

Grant of Options

Quixant (AIM:QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, announces that, under the Quixant plc 2022 Long Term Incentive Plan, the Board has granted a total of 727,732 options ("Options") over ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary Shares") to persons discharging managerial responsibilities ("PDMRs") in the business.

Vesting of these options is subject to performance conditions. The vesting of 70 per cent. of such awards would be dependent on the Company's adjusted earnings per share performance for the financial year ending 31 December 2024. The vesting of 30 per cent. of such awards would be dependent on the Company's total shareholder return performance over a three-year period commencing on the grant of the awards. Further details on the performance conditions can be found within the Company's Notice of AGM posted to shareholders on 11 April 2022.  

Details of the options granted to PDMRs are as follows:

Name	Title	Number of Shares
Jon Jayal	Group CEO	199,934
Johan Olivier	Group CFO	148,810
Duncan Faithfull	EVP, Gaming Business Leader and CCO	132,275
Abhinay Bhagavatula	EVP, Gaming Business Leader and CTO	117,745
Simon Jones	EVP, Densitron CEO	128,968

Following the Grant, there are a total of 1,390,224 Options outstanding, representing approximately 2.1% of the current issued share capital of the Company.

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

Quixant plc Jon Jayal, Chief Executive Officer Johan Olivier, Chief Financial Officer	Tel: [phone]
Nominated Adviser and Broker: finnCap Ltd Matt Goode / Simon Hicks (Corporate Finance) Alice Lane / Charlotte Sutcliffe (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.quixantplc.com .

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	J on Jayal
2.	Reason for the notification
a)	Position/status:	Chief Executive Officer
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:	Options over Ordinary shares of 0.1p GB00B99PCP71
b)	Nature of the transaction:	Purchase of ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 199,934
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c)
e)	Date of the transaction:	9 May 2022
f)	Place of the transaction:	Off market transaction

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Johan Olivier
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:	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:	Options over Ordinary shares of 0.1p GB00B99PCP71
b)	Nature of the transaction:	Purchase of ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 148,810
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c)
e)	Date of the transaction:	9 May 2022
f)	Place of the transaction:	Off market transaction

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Duncan Faithfull
2.	Reason for the notification
a)	Position/status:	EVP, Gaming Business Leader and CCO
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:	Options over Ordinary shares of 0.1p GB00B99PCP71
b)	Nature of the transaction:	Purchase of ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 132,275
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c)
e)	Date of the transaction:	9 May 2022
f)	Place of the transaction:	Off market transaction

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Abhinay Bhagavatula
2.	Reason for the notification
a)	Position/status:	EVP, Gaming Business Leader and CTO
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:	Options over Ordinary shares of 0.1p GB00B99PCP71
b)	Nature of the transaction:	Purchase of ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 117,745
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c)
e)	Date of the transaction:	9 May 2022
f)	Place of the transaction:	Off market transaction

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Simon Jones
2.	Reason for the notification
a)	Position/status:	EVP, Densitron CEO
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:	Options over Ordinary shares of 0.1p GB00B99PCP71
b)	Nature of the transaction:	Purchase of ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 128,968
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c)
e)	Date of the transaction:	9 May 2022
f)	Place of the transaction:	Off market transaction

 

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