REG - Quartix Technologies - Surrender and Granting of Options
22/12/2022 15:00
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221222:nRSV6708Ka&default-theme=true
RNS Number : 6708K Quartix Technologies PLC 22 December 2022
22 December 2022
Quartix Technologies plc
("Quartix", "the Group" or "the Company")
Surrender and Granting of Options
Quartix Holdings PLC (AIM: QTX), a leading supplier of vehicle tracking
systems, announces that on 20 December 2022 Emily Rees, Chief Financial
Officer, who is a PDMR, has surrendered for no consideration 51,546 options
granted on 24 May 2021 and Richard Lilwall, Chief Executive Officer, who is a
PDMR has surrendered for no consideration 58,823 options granted on 18
October-2021.
Subsequent to this, Emily Rees and Richard Lilwall have both, in accordance
with the Long Term Incentive Plan established by Resolution of the Board of
Directors, been granted on 22 December 2022 106,000 options over ordinary
shares of 1 pence each exercisable at the nominal share price. These options
are granted over a period of three years and vest subject to stretching
performance conditions on 3-year compound increase across three measures:
Annual Recurring Revenue (ARR), Free Cash Flow (FCF) and Total Shareholder
Return (TSR). The overall blend of options is 57% based on ARR, 22% FCF and
22% TSR.
The performance conditions are based on compound growth from baselines in each
measure, within a threshold and maximum envelope of:
· ARR - 7.5% to 15% per year
· FCF - 7.5% to 15% per year
· TSR - 10% to 20% per year
Further details on the long-term incentive plan will be detailed in the
company's annual report.
For further information, please contact:
Quartix (www.quartix.net) 01686 806 663
Richard Lilwall, Chief Executive Officer
Emily Rees, Chief Financial Officer
finnCap (Nominated Adviser and Broker) 020 7220 0500
Matt Goode / Seamus Fricker (Corporate Finance)
Alice Lane / Sunila de Silva (Corporate Broking)
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 Richard Lilwall
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 Quartix Technologies plc
b) LEI 213800I4PGCG3QUIHC59
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 1p Ordinary shares
Identification code GB00BLZH2C83
b) Nature of the transaction Surrender of options granted under the Option Agreement scheme on 18 October
2021
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 58,823
d) Aggregated information:
· Aggregated volume 58,823
· Price Nil
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
58,823
Nil
e)
Date of the transaction
20 December 2022
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Emily Rees
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 Quartix Technologies plc
b) LEI 213800I4PGCG3QUIHC59
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 1p Ordinary shares
Identification code GB00BLZH2C83
b) Nature of the transaction Surrender of options granted under the Option Agreement scheme on 24 May 2021
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 51,546
d) Aggregated information:
· Aggregated volume 51,546
· Price Nil
e) Date of the transaction 20 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
51,546
Nil
e)
Date of the transaction
20 December 2022
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Richard Lilwall
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 Quartix Technologies plc
b) LEI 213800I4PGCG3QUIHC59
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 1p Ordinary shares
Identification code GB00BLZH2C83
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 106,000
d) Aggregated information:
· Aggregated volume 106,000
· Price Nil
e) Date of the transaction 22 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
106,000
Nil
e)
Date of the transaction
22 December 2022
f)
Place of the transaction
Outside a trading venue
1. Details of the person discharging managerial responsibilities / person closely
associated
a) Name Emily Rees
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 Quartix Technologies plc
b) LEI 213800I4PGCG3QUIHC59
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 1p Ordinary shares
Identification code GB00BLZH2C83
b) Nature of the transaction Grant of options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 106,000
d) Aggregated information:
· Aggregated volume 106,000
· Price Nil
e) Date of the transaction 22 December 2022
f) Place of the transaction Outside a trading venue
d)
Aggregated information:
· Aggregated volume
· Price
106,000
Nil
e)
Date of the transaction
22 December 2022
f)
Place of the transaction
Outside a trading venue
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 DSHFEUFLEEESEIERecent news on Quartix Technologies
See all newsREG - Quartix Technologies - Trading Statement
AnnouncementREG - Quartix Technologies - Director/PDMR Shareholding
AnnouncementREG - Quartix Technologies - Result of AGM
AnnouncementREG - Quartix Technologies - AGM Trading Statement
AnnouncementREG - Quartix Technologies - Final Results
Announcement