13 March
2024
Nexteq plc
("Nexteq" or the
"Group")
Director/PDMR Share
Transfers
Nexteq (AIM: NXQ), a leading
technology solutions provider to customers in selected industrial
markets, has been
informed of the transfer of a total of, in aggregate, 70,000
ordinary shares of 0.1p each in Nexteq plc ("Ordinary Shares") by
Nick Jarmany, Non-Executive Deputy Chair of the Group.
The share transfer is to six
individuals by way of a gift to certain individuals and hence for
nil consideration in each case. The individuals are not persons
closely associated with Mr Jarmany, as defined by the Market Abuse
Regulation.
Following the transfer, Nick Jarmany
and persons closely associated with him are subsequently interested
in a total of 11,131,163 Ordinary Shares representing 16.74 per
cent of the Group's issued Ordinary Share capital.
Nexteq plc
Jon Jayal, Chief Executive
Officer
Johan Olivier, Chief Financial
Officer
|
Tel: +44
(0)1223 892 696
|
Nominated Adviser and Broker:
Cavendish Capital Markets
Ltd
Matt Goode / Simon Hicks (Corporate
Finance)
Tim Redfern / Harriet Ward
(ECM)
|
Tel: +44
(0) 20 7220 0500
|
Joint Broker:
Canaccord Genuity Limited
Simon Bridges / Andrew
Potts
|
Tel: +44
(0) 20 7523 8000
|
Financial PR:
Alma Strategic
Communications
Hilary Buchanan / Kieran
Breheny
|
Tel: +44
(0)20 3405 0205
|
About Nexteq
Nexteq (AIM: NXQ) is a strategic
technology solutions provider to customers in selected industrial
markets. Its innovative technology enables the manufacturers of
global electronic equipment to outsource the design, development
and supply of non-core aspects of their product offering. By
outsourcing elements of their technology stack to Nexteq, customers
can focus their product development effort on the most critical
drivers of their business' success.
Our solutions are delivered through
a global sales team and leverage the Group's electronic hardware,
software, display and mechanical engineering expertise. Our Taiwan
operation is at the heart of Asian supply networks and facilitates
cost effective manufacturing and strategic supply chain
management.
The Group operates in seven
countries and services over 500 customers across 50
countries.
Nexteq operates two distinct brands:
Quixant, a specialised computer platforms provider, and Densitron,
leaders in human machine interface technology, each with dedicated
sales, account management and product innovation teams. Founded in
2005, and later floating on the London Stock Exchange's AIM stock
market as Quixant plc, the Group rebranded to Nexteq in
2023.
Further information on Nexteq and
its divisions can be found at www.nexteqplc.com.
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
|
Nick Jarmany
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Non-Executive Deputy Chair of the
Group
|
b)
|
Initial notification
/Amendment
|
Initial Notification
|
3
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
a)
|
Name
|
Nexteq 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
|
Ordinary shares of 0.1 pence
each
|
|
|
Identification code
|
GB00B99PCP71
|
|
|
b)
|
Nature of the transaction
|
Transfer of ordinary shares of 0.1p
for nil consideration.
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
nil
nil
nil
nil
nil
nil
|
14,000
14,000
10,500
10,500
10,500
10,500
|
|
|
|
|
|
|
d)
|
Aggregated information
|
|
- Aggregated volume
|
70,000 Ordinary Shares
|
|
|
- Price
|
nil
|
|
|
e)
|
Date of the transaction
|
13 March 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|