Proposed Secondary Placing

RNS Number : 3922S

Quixant PLC

20 December 2016

 

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Quixant plc

("Quixant" or the "Group")

Proposed Secondary Placing

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally to the global gaming industry, announces that certain Directors and founder shareholders of the Company intend today to sell up to 4,689,094 ordinary shares of 0.01p in the Company (the "Placing Shares" and the "Placing"), representing approximately 7.2% of the issued share capital of the Company at a price of 320p per Placing Share in order to satisfy market demand and broaden the institutional shareholder base of the Company.  The Board also confirms that its expectations for the Company's full year performance remain consistent with its statement dated 24 November 2016.

The completion of the Placing and the resulting Directors shareholdings will be announced as soon as practicable today.

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

For further information please contact:

Quixant plc	Tel: [phone]
Nick Jarmany, Chief Executive
Jon Jayal, Chief Operating Officer
Nominated Adviser and Broker:
finnCap	Tel: [phone]
Matt Goode / Simon Hicks (Corporate Finance)
Simon Johnson /Alice Lane (Corporate Broking)
Financial PR:	Tel: [phone]
Alma PR
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. 

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

 

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