Quartix Holdings PLC Issue of Equity & Directorate Changes (1675Y)
December 01 2017 - 7:29AM
UK Regulatory
TIDMQTX
RNS Number : 1675Y
Quartix Holdings PLC
01 December 2017
1 December 2017
Quartix Holdings plc
("Quartix" or the "Company")
Further re Directorate changes and grant of options
Quartix Holdings plc, a leading supplier of subscription-based
vehicle tracking systems, software and services in the UK, is
pleased to announce, further to the announcement dated 27 September
2017, that Daniel Mendis has joined the Company as Chief Financial
Officer and is expected to take up his new position as an Executive
Director of the Company's Board on 1(st) January 2018.
In line with the terms of Mr Mendis' employment contract the
Company has today granted him 280,000 options over ordinary shares
of 1 pence each ("Ordinary Shares") in the capital of the Company
(the "Options"). The Options give Mr Mendis the right to subscribe
for Ordinary Shares at a price of 360 pence per Ordinary Share,
being the closing middle-market price of the Company's Ordinary
Shares on 30 November 2017. The Options vest in tranches of 20% on
each of 1 March 2019, 2020, 2021, 2022 and 2023, are exercisable
until 31 March 2025, and are subject to certain conditions
concerning minimum holding periods.
For further information, please contact:
Quartix (www.quartix.net)
Andy Walters, Managing Director
David Bridge, Finance Director 01686 806 663
finnCap (Nominated Adviser and Broker)
Matt Goode/Scott Mathieson (Corporate Finance)
Alice Lane (Corporate Broking) 020 7220 0500
1. Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------------
a) Name Daniel Mendis
--- ------------------------------- --------------------------------
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 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 Options over 1p Ordinary shares
the Financial
instrument, type
of instrument
---
Identification QTX GB00BLZH2C83
code
--- ------------------------------- --------------------------------
b) Nature of the Grant of options
transaction
--- ------------------------------- --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) ----------- ----------
360 pence 280,000
----------- ----------
--- ------------------------------- --------------------------------
d) Aggregated information: 280,000 options over ordinary
* Aggregated volume shares of 1 pence exercisable
at 360 pence per ordinary
share
* Price
--- ------------------------------- --------------------------------
e) Date of the transaction 1 December 2017
--- ------------------------------- --------------------------------
f) Place of the London Stock Exchange, AIM
transaction Market (XLON)
--- ------------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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