Director/PDMR Share Transfers
13/03/2024 17:30
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RNS Number : 7647G Nexteq PLC 13 March 2024
13 March 2024
Nexteq plc
("Nexteq" or the "Group")
Director/PDMR Share Transfers
Nexteq (AIM: NXQ), a leading technology solutions provider to customers in
selected industrial markets, has been informed of the transfer of a total of,
in aggregate, 70,000 ordinary shares of 0.1p each in Nexteq plc ("Ordinary
Shares") by Nick Jarmany, Non-Executive Deputy Chair of the Group.
The share transfer is to six individuals by way of a gift to certain
individuals and hence for nil consideration in each case. The individuals are
not persons closely associated with Mr Jarmany, as defined by the Market Abuse
Regulation.
Following the transfer, Nick Jarmany and persons closely associated with him
are subsequently interested in a total of 11,131,163 Ordinary Shares
representing 16.74 per cent of the Group's issued Ordinary Share capital.
Nexteq plc Tel: +44 (0)1223 892 696
Jon Jayal, Chief Executive Officer
Johan Olivier, Chief Financial Officer
Nominated Adviser and Broker: Tel: +44 (0) 20 7220 0500
Cavendish Capital Markets Ltd
Matt Goode / Simon Hicks (Corporate Finance)
Tim Redfern / Harriet Ward (ECM)
Joint Broker: Tel: +44 (0) 20 7523 8000
Canaccord Genuity Limited
Simon Bridges / Andrew Potts
Financial PR: Tel: +44 (0)20 3405 0205
Alma Strategic Communications
Hilary Buchanan / Kieran Breheny
About Nexteq
Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in
selected industrial markets. Its innovative technology enables the
manufacturers of global electronic equipment to outsource the design,
development and supply of non-core aspects of their product offering. By
outsourcing elements of their technology stack to Nexteq, customers can focus
their product development effort on the most critical drivers of their
business' success.
Our solutions are delivered through a global sales team and leverage the
Group's electronic hardware, software, display and mechanical engineering
expertise. Our Taiwan operation is at the heart of Asian supply networks and
facilitates cost effective manufacturing and strategic supply chain
management.
The Group operates in seven countries and services over 500 customers across
50 countries.
Nexteq operates two distinct brands: Quixant, a specialised computer platforms
provider, and Densitron, leaders in human machine interface technology, each
with dedicated sales, account management and product innovation teams. Founded
in 2005, and later floating on the London Stock Exchange's AIM stock market as
Quixant plc, the Group rebranded to Nexteq in 2023.
Further information on Nexteq and its divisions can be found at
www.nexteqplc.com.
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Nick Jarmany
2 Reason for the notification
a) Position/status Non-Executive Deputy Chair of the Group
b) Initial notification /Amendment Initial Notification
3 Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Nexteq 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 Ordinary shares of 0.1 pence each
Identification code GB00B99PCP71
b) Nature of the transaction Transfer of ordinary shares of 0.1p for nil consideration.
c) Price(s) and volume(s)
Price(s) Volume(s)
nil 14,000
nil 14,000
nil 10,500
nil 10,500
nil 10,500
nil 10,500
d) Aggregated information
- Aggregated volume 70,000 Ordinary Shares
- Price nil
e) Date of the transaction 13 March 2024
f) Place of the transaction London Stock Exchange
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