Result of Placing

RNS Number : 4100S

Quixant PLC

20 December 2016

 

Quixant plc

("Quixant" or the "Group")

£15.0m placing of 4,689,094 existing Ordinary Shares

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally to the global gaming industry, is pleased to announce that in order to satisfy market demand and broaden the institutional shareholder base of the Company, finnCap, as the Company's broker, have conducted a placing of 4,689,094 existing ordinary shares of 0.1p in the Company (the "Placing Shares" and the "Placing") with new and existing institutional investors.

The Placing Shares have been sold on behalf of certain directors of the Company and persons closely associated ("PCA's") (the "Director Vendors") and certain other founder shareholders of the Company (the "Vendor Shareholders"). The Placing Shares were sold at a price of 320 pence per share and represent, in aggregate, 7.2 per cent. of the issued share capital of the Company.

Subsequent to the Placing, the Director Vendors revised shareholdings are set out below:

Director Vendor	Placing Shares sold		Resultant shareholding
	Number of Ordinary Shares	% of Issued Share Capital	Number of Ordinary Shares	% of Issued Share Capital
Nick Jarmany and PCA's	2,129,428	3.3%	12,579,940	19.2%
Chen Tai Lin and PCA's	583,405	0.9%	3,446,559	5.3%
Gary Mullins and PCA's	734,317	1.1%	2,829,243	4.3%

Subsequent to the Placing, the Founder Shareholders revised shareholdings are set out below:

Vendor Shareholder	Placing Shares sold		Resultant shareholding
	Number of Ordinary Shares	% of Issued Share Capital	Number of Ordinary Shares	% of Issued Share Capital
John Mullins	400,000	0.6%	3,871,920(1)	5.9%
Alex Taylor	333,374	0.5%	2,058,958	3.1%

(1)    Mr Mullins' holding includes 1,935,960 Ordinary Shares, representing 3.0 per cent. of the issued share capital of the Company, registered in the name of his wife, Susan Mullins.

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. 

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	Nick Jarmany
2.	Reason for the Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Quixant plc
b)	LEI	N/A
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	Ordinary shares of 0.1p
	Identification code	GB00B99PCP71
b)	Nature of the transaction	Transfer via sale and purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 320p 2,129,428
d)	Aggregated information: ·      Aggregated volume ·      Price	2,129,428 320p
e)	Date of the transaction	20/12/2016
f)	Place of the transaction	AIM Market (XLON)

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	Chen Tai Lin
2.	Reason for the Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Quixant plc
b)	LEI	N/A
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	Ordinary shares of 0.1p
	Identification code	GB00B99PCP71
b)	Nature of the transaction	Transfer via sale and purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 320p 583,405
d)	Aggregated information: ·      Aggregated volume ·      Price	583,405 320p
e)	Date of the transaction	20/12/16
f)	Place of the transaction	AIM Market (XLON)

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	Gary Mullins
2.	Reason for the Notification
a)	Position/status	PDMR
b)	Initial notification/Amendment	Initial
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Quixant plc
b)	LEI	N/A
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	Ordinary shares of 0.1p
	Identification code	GB00B99PCP71
b)	Nature of the transaction	Transfer via sale and purchase
c)	Price(s) and volume(s)	Price(s) Volume(s) 320p 734,317
d)	Aggregated information: ·      Aggregated volume ·      Price	734,317 320p
e)	Date of the transaction	20/12/16
f)	Place of the transaction	AIM Market (XLON)

 

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