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Quixant plc

10/07/2019 | Press release | Distributed by Public on 10/07/2019 10:40

Director/PDMR Transfer Shareholding

Quixant plc

('Quixant' or the 'Company')

Transfer of Director/PDMR Shareholding

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, announces that Jon Jayal, Chief Executive Officer, transferred shares into his SIPP on 7 October 2019 via the sale of 7,500 ordinary shares of 0.1p ('Ordinary Shares') at a price of 191 pence per share and the immediate re-purchase of 7,500 at a price of 191 pence per share in his SIPP.

As a result of this transactions, Mr Jayal's interest in the Company, and that of persons closely associated, remains unchanged, with a total of 375,200 shares, representing 0.56 per cent. of the Company's issued share capital.

For further information please contact:

Quixant plc

Tel: +44 (0) 1223 892696

Jon Jayal (Chief Executive Officer)

Guy Millward (Chief Financial Officer)

Nominated Adviser and Broker:

finnCap Ltd

Tel: +44 (0) 20 7220 0500

Matt Goode / Simon Hicks/ Hannah Boros (Corporate Finance)

Alice Lane (ECM)

Financial PR:

Tel: +44 (0) 7909 009173

Alma PR

John Coles / Hilary Buchanan / Susie Hudson

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming industry. The Company is headquartered in Cambridge in the UK where the global sales function is based. North America sales and sales support is run from their subsidiary in Las Vegas. Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support team based in Italy. 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.

The information contained in this announcement is inside information for the purposes of article 7 of Regulation 596/2014.

The below notification, is made in accordance with the requirements of the EU Market Abuse Regulation, gives further detail of the transactions.

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:

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:

Identification code:

Ordinary shares of 0.1p

GB00B99PCP71

b)

Nature of the transaction:

Purchase of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

191 pence

7,500

d)

Aggregated information:

· Aggregated volume:

· Price:

See 4 (c) above

e)

Date of the transaction:

7 October 2019

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)

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:

Identification code:

Ordinary shares of 0.1p

GB00B99PCP71

b)

Nature of the transaction:

Sale of Ordinary Shares

c)

Price(s) and volume(s):

Price(s)

Volume(s)

191 pence

7,500

d)

Aggregated information:

· Aggregated volume:

· Price:

See 4 (c) above

e)

Date of the transaction:

7 October 2019

f)

Place of the transaction:

London Stock Exchange, AIM Market (XLON)