Issue of Equity and Director/PDMR Dealings

RNS Number : 2294E

Quixant PLC

04 May 2017

 

4 May 2017

Quixant plc

("Quixant" or the "Company")

Exercise of Options / Issue of Equity

and Director/PDMR Dealings

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally to the global gaming industry, announces the following dealings in the ordinary shares of £0.001 pence each in the Company ("Ordinary Shares").

Director Dealing

On 4 May 2017, Michael Peagram, Non-Executive Chairman of the Company, purchased 25,000 Ordinary Shares at a price of 385 pence per Ordinary Share.

Exercise of Options

The Company announces that it has applied to the London Stock Exchange for 565,200 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 certain Directors', persons discharging managerial responsibilities ("PDMR's") and employees of the Company.

On 2 May 2017, Jon Jayal, Chief Operating Officer of the Company, exercised and retained the nil cost options over 400,000 Ordinary Shares granted to him by Nick Jarmany in recognition of his early stage contribution to Quixant's business and his importance to the Company in the future and referred to in paragraph 10 (b) of Part V of the Company's admission document dated 15 May 2013. These Ordinary Shares were held by Nick Jarmany, Chief Executive of the Company. Additionally, on 3 May 2017, Jon Jayal exercised a further 110,200 Options. He subsequently sold 50,000 Ordinary Shares on 3 May 2017 at a price of 385 pence per Ordinary Share.

On 3 May 2017, Cresten Preddy, Finance Director of the Company, exercised and retained 20,000 Options.

Following these transactions, on Admission:

-      Nick Jarmany will hold 12,179,940 Ordinary Shares, representing approximately 18.47 per cent. of the Company's issued share capital

-      Jon Jayal's shareholding will increase to 460,200 Ordinary Shares, representing approximately 0.70 per cent. of the Company's issued share capital; and

-      Cresten Preddy will hold 30,000 Ordinary Shares, representing approximately 0.05 per cent. of the Company's issued share capital.

-      Michael Peagram will hold 227,174 Ordinary Shares representing approximately 0.34 per cent. of the Company's issued share capital.

Furthermore, on 3 May 2017 the following PDMR's of the Company exercised Options:

PDMR	Role	Options exercised	Ordinary Shares subsequently sold
John Malin	Sales Director, Quixant UK Ltd	12,000	12,000
Sandra Lowman	Operations Director, Quixant UK Ltd	33,000	-
Amit Sharma	Vice President Sales & General Manager, Quixant USA Inc	17,000	-

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 5 May 2017. On Admission the Company's issued share capital will comprise 65,929,982 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 65,929,982 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 and Transparency Rules.

For further information please contact:

Quixant plc	Tel: [phone]
Jon Jayal, Chief Operating 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
Hilary Buchanan

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:	Michael Peagram - Non-Executive Chairman Nick Jarmany - Chief Executive Jon Jayal - Chief Operating Officer Cresten Preddy - Finance Director John Malin - Sales Director, Quixant UK Ltd Sandra Lowman - Operations Director, Quixant UK Ltd Amit Sharma - Vice President Sales & General Manager, Quixant USA Inc
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:		Michael Peagram -      Purchase of Ordinary Shares Nick Jarmany -      Disposal of Ordinary Shares Jon Jayal -      Exercise of options over Ordinary Shares -      Sale of Ordinary Shares Cresten Preddy -      Exercise of options over Ordinary Shares John Malin -      Exercise of options over Ordinary Shares -      Sale of Ordinary Shares Sandra Lowman -      Exercise of options over Ordinary Shares Amit Sharma -      Exercise of options over Ordinary Shares
c)	Price(s) and volume(s):		Michael Peagram Purchase of Ordinary Shares: Price(s) Volume(s) 385 pence 25,000 Nick Jarmany Disposal of Ordinary Shares: Price(s) Volume(s) nil pence 400,000 Jon Jayal Exercise of Options: Price(s) Volume(s) 49 pence 110,200 nil pence 400,000 Sale of Ordinary Shares: Price(s) Volume(s) 385 pence 50,000 Cresten Preddy Exercise of Options: Price(s) Volume(s) 49 pence 20,000 John Malin Exercise of Options: Price(s) Volume(s) 49 pence 12,000 Sale of Ordinary Shares: Price(s) Volume(s) 385 pence 12,000 Sandra Lowman Exercise of Options: Price(s) Volume(s) 49 pence 33,000 Amit Sharma Exercise of Options: Price(s) Volume(s) 49 pence 17,000
d)	Aggregated information: ·     Aggregated volume: ·     Price:		See 4 (c) above
e)	Date of the transaction:		2 May 2017 -      Jon Jayal - exercise of 400,000 options over Ordinary Shares -      Nick Jarmany - disposal of 400,000 Ordinary Shares 3 May 2017 -      Jon Jayal - exercise of 110,200 options over Ordinary Shares, sale of 50,000 Ordinary Shares -      Cresten Preddy - exercise of 20,000 options over Ordinary Shares -      John Malin - exercise of 12,000 options of Ordinary Shares, sale of 12,000 Ordinary Shares -      Sandra Lowman - exercise of 33,000 options of Ordinary Shares -      Amit Sharma - exercise of 17,000 options over Ordinary Shares 4 May 2017 Michael Peagram - purchase of 25,000 Ordinary Shares
f)	Place of the transaction:		London Stock Exchange, AIM Market (XLON)

 

END

 

 

MSCSSIFDLFWSEDI