Source - LSE Regulatory
RNS Number : 6862T
Quartix Holdings PLC
26 March 2021
 

Quartix Holdings PLC

("Quartix," the "Company" or the "Group'')

Exercise of Share Options, Director/PDMR Shareholdings and Total Voting Rights

Quartix Holdings PLC (AIM: QTX), a leading supplier of vehicle tracking systems, announces that it has issued and allotted a total of 35,946 new ordinary shares of 1 penny each in the capital of the Company ("Ordinary Shares") following the exercise of options by certain employees under the Company's share scheme. Of the 35,946 new Ordinary Shares, 12,196 are pursuant to the exercise of options by Daniel Mendis, Chief Operating and Financial Officer of the Company.

Following the exercise of options, Mr Mendis is now interested in 16,931 Ordinary Shares, representing approximately 0.04 per cent. of the Company's total issued share capital following Admission.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the 35,946 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence as follows: at 8.00 a.m. on 30 March 2021 for 27,946 new Ordinary Shares and 8:00 a.m. on 1 April 2021 for 8,000 new Ordinary Shares.

After Admission, the total number of Ordinary Shares in issue will be 48,299,894 and the total number of voting rights will therefore be 48,299,894. This figure 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 share capital of the Company under the FCA's Disclosure and Transparency Rules.

Director/PDMR Dealings

The Remuneration Committee has separately agreed on a cash settlement of 112,443 vested unapproved options held by Mr Mendis, with such vested options being cancelled at the time of the cash settlement. It is intended that the gross amount of £97,825 be partially used in exercising more of Mr Mendis' options under the Company's Enterprise Management Incentive (EMI) scheme and a further announcement shall be made on this in due course.

The Company has also been notified that on 24 March 2021, Peter Brown, a PDMR of the Company, sold 15,000 ordinary shares of 1 pence each ("Ordinary Shares") at a price of 540 pence per Ordinary Share. As a result, Mr Brown is now interested in 201,434 Ordinary Shares of the Company, representing approximately 0.42 per cent. of the Company's total issued share capital.

 

For further Information please contact:

Quartix (www.quartix.net)

Andrew Walters, Chief Executive Officer

Daniel Mendis, Chief Operating and Financial Officer

 

01686 806 663

finnCap (Nominated Adviser and Broker)

Matt Goode / Kate Bannatyne (Corporate Finance)

Alice Lane (Corporate Broking)

    020 7220 0500

 

 

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

Daniel Mendis

2.

Reason for the Notification

a)

Position/status

Chief Operating and 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 Holdings 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

QTX GB00BLZH2C83

b)

Nature of the transaction

Exercise of Options

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Exercise of Options

270 pence

12,196

d)

Aggregated information:

·          Aggregated volume

·          Price

 

As above

 

e)

Date of the transaction

24 March 2021

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Peter Brown

2.

Reason for the Notification

a)

Position/status

PDMR/Senior Management

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Quartix Holdings 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

QTX GB00BLZH2C83

b)

Nature of the transaction

Sale of Ordinary Shares

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Sale of Ordinary Shares

540 pence

15,000

d)

Aggregated information:

·          Aggregated volume

·          Price

 

As above

 

e)

Date of the transaction

24 March 2021

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Daniel Mendis

2.

Reason for the Notification

a)

Position/status

Chief Operating and 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 Holdings 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

QTX GB00BLZH2C83

b)

Nature of the transaction

Cancellation of Options

c)

Price(s) and volume(s)


Price(s)

Volume(s)

Cancellation of Options

-

112,443

d)

Aggregated information:

·          Aggregated volume

·          Price

 

As above

 

e)

Date of the transaction

24 March 2021

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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