Quartix Holdings plc, a leading supplier of vehicle telematics services to the fleet and insurance sectors, announces that it has issued 86,956 new ordinary shares in the Company (the "New Ordinary Shares") following the exercise of 86,956 options to subscribe for new ordinary shares in the Company at a price of 287.5 pence per new ordinary share. The options were exercised by Edward Ralph the Chief Operating Officer. Following the issue of the New Ordinary Shares Mr Ralph will be beneficially interested in 184,529 ordinary shares in the Company, representing approximately 0.39 per cent. of the issued share capital.
Application has been made for the New Ordinary Shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 17 August 2018. Following Admission the Company will have 47,796,560 ordinary shares in issue. 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.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
For further information, please contact:
Andy Walters, Chief Executive Officer
Daniel Mandis, Chief Financial Officer
01686 806 663
finnCap (Nominated Adviser and Broker)
Matt Goode /Scott Mathieson (Corporate Finance)
Alice Lane (Corporate Broking)
020 7220 0500
Cantor Fitzgerald (Join Broker)
020 7894 7000
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
Details of the person discharging managerial responsibilities / person closely associated
Edward Tatsuya Ralph
Reason for the Notification
Chief Operating Officer
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
Quartix Holdings plc
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
Description of the Financial instrument, type of instrument
1p Ordinary shares
Nature of the transaction
Exercise of options
Price(s) and volume(s)
· Aggregated volume
Date of the transaction
13 August 2018
Place of the transaction
London Stock Exchange, AIM Market (XLON)
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 [email protected] or visit www.rns.com.
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