REG - Nexteq PLC - Director/PDMR Shareholding, Issue of Equity & TVR

NexteqAnnouncement

14/03/2024 14:00

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RNS Number : 9234G  Nexteq PLC  14 March 2024

Nexteq plc

 

("Nexteq" or the "Group")

Director/PDMR Shareholding

 

and

 

Total Voting Rights

 

Nexteq (AIM: NXQ), a leading technology solutions provider to customers in
selected industrial markets, announces that it has applied to the London Stock
Exchange for 25,000 ordinary shares of 0.1 pence each in the Company
("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new
Ordinary Shares are being issued subsequent to the exercise of options over
Ordinary Shares by Johan Olivier, Group Chief Financial Officer, at an
exercise price of 0.1 pence per Ordinary Share. Subsequent to his exercise of
options, Johan Olivier has sold 11,000 Ordinary Shares at a price of 151
 pence per Ordinary Share to cover his associated tax costs. His residual
holding in the Company following these transactions is 14,000 Ordinary Shares,
representing 0.02 per cent. of the  Company's issued share capital.

Total Voting Rights

It is expected that Admission will become effective and trading will commence
in the new Ordinary Shares at 8.00 a.m. on 18 March 2024. On Admission the
Company's issued share capital will comprise 66,539,060 Ordinary Shares. The
Company holds no Ordinary Shares in treasury. Accordingly, the figure of
66,539,060 may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their interest in,
or a change to their interest in the Company under the FCA's Disclosure
Guidance and Transparency Rules.

 

 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 (http://www.nexteqplc.com/) .

The notifications below are made in accordance with Article 19(3) of the
Market Abuse Regulation:

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)                                                                Johan Olivier
 2    Reason for the notification

 a)   Position/status                                              Group 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                                                         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                                    Exercise of options over Ordinary Shares

                                                                   Sale of Ordinary Shares
 c)   Price(s) and volume(s)
                                                                                     Exercise of Options:
                                                                                     Price(s)                  Volume(s)
                                                                                     0.1 pence                 25,000
                                                                                     Sale of Ordinary Shares:
                                                                                     Price(s)                  Volume(s)
                                                                                     151 pence                 11,000

 d)   Aggregated information

      Exercise of Options:
      - Aggregated volume                                          25,000 Ordinary Shares

      - Price                                                      0.1 pence per Ordinary Share

      Sale of Ordinary Shares:

      - Aggregated volume                                          11,000 Ordinary Shares

      - Price                                                      151 pence per Ordinary Share
 e)   Date of the transactions                                     14 March 2024
 f)   Place of the transaction                                     London Stock Exchange

 

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