Issue of Equity

RNS Number : 9895M

Quixant PLC

19 October 2016

 

Quixant plc

("Quixant" or the "Company")

Issue of Equity

Quixant (AIM: QXT), a leading provider of specialised computing platforms for gaming and slot machine applications and accessories, today announces that it has applied to the London Stock Exchange for 61,600 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 an exercise of options over Ordinary Shares by employees of the Company.

It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 26 October 2016. On Admission the Company's issued share capital will comprise 65,364,782 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 65,364,782 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]
Nick Jarmany, Chief Executive
Jon Jayal, Chief Operating Officer
Nominated Adviser and Broker:	Tel: [phone]
finnCap
Matt Goode / Grant Bergman (Corporate Finance)
Simon Johnson / Alice Lane (Corporate Broking)
Financial PR:
Alma PR	Tel: [phone]
John Coles
Hilary Buchanan

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally to 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 much of which is copyright protected.

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.

 

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