Grant of Options

RNS Number : 8245B

Quixant PLC

12 October 2020

 

12 October 2020

Quixant plc

("Quixant" or the "Company" or the "Group")

Grant of Options

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, announces that it has granted a total of 155,000 options ("Options") over ordinary shares of 0.1 pence in the capital of the Company ("Ordinary Shares") to the following person discharging managerial responsibility ("PDMR") (the "Grant"):

Name	Number of Shares	Exercise price
Jon Jayal, Chief Executive Officer	65,000 options	112.5p
Liz Clarke, Group Head of HR	15,000 options	112.5p
Simon Jones, Chief Executive Officer of Densitron	25,000 options	0.1p
Duncan Faithfull, Chief Commercial Officer	25,000 options	0.1p
Abhinay Bhagavatula, Chief Technology Officer	25,000 options	0.1p

The Options are exercisable from the date of the release of the Company's accounts for the year ending 31 December 2022. The Options are exercisable subject to the growth of the diluted earnings per Ordinary Share (as set out in each of the audited accounts for the years ending 31 December 2020, 2021 and 2022) being equal to or greater than 10 per cent in each financial year.

Following the Grant, there are a total of 707,290 Options outstanding, representing approximately 1.1 per cent. of the current issued share capital of the Company.

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

Quixant plc	Tel: [phone]
Jon Jayal, Chief Executive Officer Andrew Jarvis, Interim Chief Financial Officer
Nominated Adviser and Broker:
finnCap Ltd		Tel: [phone]
Matt Goode / Simon Hicks (Corporate Finance)
Alice Lane (Corporate Broking)
Financial PR:	Tel: [phone]
Alma PR
John Coles / Susie Hudson / David Ison / Kieran Breheny

About Quixant

Quixant, founded in 2005, was established as a designer and manufacturer of highly optimised computing and display solutions for the global gaming industry. Through the acquisition of Densitron Technologies plc in 2015, the Company diversified into other markets and has a focused technology offering for the broadcast sector, leveraging the business' extensive sector knowledge across many industries. 

The Company is headquartered in Cambridge in the UK, with a global customer base and offices in North America, Europe and Asia.  The Taiwanese operation is responsible for design, procurement and manufacturing of the Company's products.  Quixant owns all its IP, some of which is protected by patents and design rights.

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:	Jon Jayal
2.	Reason for the notification
a)	Position/status:	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:	Grant of options over ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 112.5p 65,000
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c) above
e)	Date of the transaction:	6 October 2020
f)	Place of the transaction:	Off market transaction

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Liz Clarke
2.	Reason for the notification
a)	Position/status:	Group Head of HR
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:	Grant of options over ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 112.5p 15,000
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c) above
e)	Date of the transaction:	6 October 2020
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:	Chief Executive Officer of Densitron
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:	Grant of options over ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 25,000
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c) above
e)	Date of the transaction:	6 October 2020
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:	Chief Commercial Officer - Gaming
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:	Grant of options over ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 25,000
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c) above
e)	Date of the transaction:	6 October 2020
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:	Chief Technology Officer - Gaming
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:	Grant of options over ordinary shares of 0.1p
c)	Price(s) and volume(s):	Price(s) Volume(s) 0.1p 25,000
d)	Aggregated information: · Aggregated volume: · Price:	See 4 (c) above
e)	Date of the transaction:	6 October 2020
f)	Place of the transaction:	Off market transaction

 

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