Quartix Technologies PLC Granting of Options
May 15 2024 - 12:24PM
RNS Regulatory News
RNS Number : 6217O
Quartix Technologies PLC
15 May 2024
15 May 2024
Quartix Technologies
plc
("Quartix", "the Group" or
"the Company")
Granting of
Options
Quartix Technologies PLC (AIM: QTX), a leading
supplier of vehicle tracking systems, announces that on 13 May
2024, the Company granted 42,000 options over ordinary shares of 1
pence each ("Ordinary Shares") exercisable at the nominal share
price to Daniel Mendis, Commercial and Operations
Director.
This grant of options forms part of his
remuneration for 2024 and represents the only options Mr Mendis
holds. The grant is subject to performance conditions and
objectives on 5 key measures of business and financial performance
covering subscription pricing, net growth in annual recurring
revenue from new business, customer acquisition, free cash flow and
EBITDA.
The options vest in a single tranche in 2025,
to the extent that the conditions are met.
Mr Mendis currently holds 14,000 Ordinary
Shares in the Company.
|
For
further information, please contact:
Quartix (www.quartix.net)
Andy Walters, Executive Chairman
|
01686 806
663
|
|
Cavendish
Capital Markets Limited (Nominated Adviser and
Broker)
Matt Goode / Seamus Fricker/ Trisyia Jamaludin
(Corporate Finance)
Sunila de Silva (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
|
Commercial and Operations
Director
|
|
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
|
QTX GB00BLZH2C83
|
|
b)
|
Nature of the transaction
|
Grant of options over ordinary
shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil cost options
|
42,000
|
|
|
d)
|
Aggregated information:
· Aggregated volume
· Price
|
As above
|
|
e)
|
Date of the transaction
|
13 May 2024
|
|
f)
|
Place of the transaction
|
Outside of trading venue
|
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END
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