Grant of Options
27/03/2023 07:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230327:nRSa2216Ua&default-theme=true
RNS Number : 2216U Quixant PLC 27 March 2023
27 March 2023
Quixant plc
("Quixant" or the "Group")
Grant of Options
Quixant (AIM:QXT), a leading provider of innovative, highly engineered
technology products principally for the global gaming and broadcast
industries, announces that, under the Quixant plc 2022 Long Term Incentive
Plan, the Board has granted a total of 646,274 options ("Options") over
ordinary shares of 0.1 pence each in the capital of the Company ("Ordinary
Shares") to persons discharging managerial responsibilities ("PDMRs") in the
business.
Vesting of these options is subject to performance conditions. The vesting of
70 per cent. of such awards would be dependent on the Company's adjusted
earnings per share performance for the financial year ending 31 December 2025.
The vesting of 30 per cent. of such awards would be dependent on the Company's
total shareholder return performance over a three-year period commencing on
the grant of the awards. Further details on the performance conditions will be
available within the Company's forthcoming Notice of AGM.
Details of the options granted to PDMRs are as follows:
Name Title Number of Shares
Jon Jayal Group CEO 169,831
Johan Olivier Group CFO 126,404
Duncan Faithfull EVP, Gaming Business Leader and CCO 117,978
Abhinay Bhagavatula EVP, Gaming Business Leader and CTO 117,033
Simon Jones EVP, Densitron CEO 115,028
Following the Grant, there are a total of 1,939,882 Options outstanding,
representing approximately 2.9% of the current issued share capital of the
Company.
Further detail is set out in the PDMR disclosure table below.
Quixant 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
finnCap Ltd
Matt Goode / Simon Hicks (Corporate Finance)
Alice Lane / Charlotte Sutcliffe (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 PR
Hilary Buchanan / Kieran Breheny / Will Ellis Hancock
About Quixant
Quixant, founded in 2005, designs and manufactures highly optimised computing
solutions and monitors principally for the global gaming and broadcast
industries. The Company is headquartered in Cambridge in the UK, with offices
throughout Europe, North America and Asia. Quixant has its own manufacturing
and engineering operation based in Taiwan and software engineering and
customer support teams based in Italy and Slovenia. All the specialised
products software and manufacturing are produced in-house and Quixant owns all
its own IP some of which is protected by patents and design rights.
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 (http://www.quixant.com) .
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Jon Jayal
2. Reason for the notification
a) Position/status: Chief Executive Officer
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: Options over Ordinary shares of 0.1p
Identification code: GB00B99PCP71
b) Nature of the transaction: Purchase of ordinary shares of 0.1p
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 169,831
d) Aggregated information: See 4 (c)
· Aggregated volume:
· Price:
e) Date of the transaction: 22 March 2023
f) Place of the transaction: Off market transaction
d)
Aggregated information:
· Aggregated volume:
· Price:
See 4 (c)
e)
Date of the transaction:
22 March 2023
f)
Place of the transaction:
Off market transaction
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Johan Olivier
2. Reason for the notification
a) Position/status: Chief Financial Officer
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: Options over Ordinary shares of 0.1p
Identification code: GB00B99PCP71
b) Nature of the transaction: Purchase of ordinary shares of 0.1p
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 126,404
d) Aggregated information: See 4 (c)
· Aggregated volume:
· Price:
e) Date of the transaction: 22 March 2023
f) Place of the transaction: Off market transaction
d)
Aggregated information:
· Aggregated volume:
· Price:
See 4 (c)
e)
Date of the transaction:
22 March 2023
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: EVP, Gaming Business Leader and CCO
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: Options over Ordinary shares of 0.1p
Identification code: GB00B99PCP71
b) Nature of the transaction: Purchase of ordinary shares of 0.1p
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 117,978
d) Aggregated information: See 4 (c)
· Aggregated volume:
· Price:
e) Date of the transaction: 22 March 2023
f) Place of the transaction: Off market transaction
d)
Aggregated information:
· Aggregated volume:
· Price:
See 4 (c)
e)
Date of the transaction:
22 March 2023
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: EVP, Gaming Business Leader and CTO
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: Options over Ordinary shares of 0.1p
Identification code: GB00B99PCP71
b) Nature of the transaction: Purchase of ordinary shares of 0.1p
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 117,033
d) Aggregated information: See 4 (c)
· Aggregated volume:
· Price:
e) Date of the transaction: 22 March 2023
f) Place of the transaction: Off market transaction
d)
Aggregated information:
· Aggregated volume:
· Price:
See 4 (c)
e)
Date of the transaction:
22 March 2023
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: EVP, Densitron 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: Options over Ordinary shares of 0.1p
Identification code: GB00B99PCP71
b) Nature of the transaction: Purchase of ordinary shares of 0.1p
c) Price(s) and volume(s): Price(s) Volume(s)
0.1p 115,028
d) Aggregated information: See 4 (c)
· Aggregated volume:
· Price:
e) Date of the transaction: 22 March 2023
f) Place of the transaction: Off market transaction
d)
Aggregated information:
· Aggregated volume:
· Price:
See 4 (c)
e)
Date of the transaction:
22 March 2023
f)
Place of the transaction:
Off market transaction
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHGZGZFRDNGFZM