Nexteq plc
("Nexteq" or the
"Group")
Director/PDMR
Shareholding
and
Total Voting
Rights
Nexteq (AIM: NXQ), a leading
technology solutions provider to customers in selected industrial
markets, announces
that it has applied to the London Stock Exchange for 25,000
ordinary shares of 0.1 pence each in the Company ("Ordinary
Shares") to be admitted to trading on AIM ("Admission"). The new
Ordinary Shares are being issued subsequent to the exercise of
options over Ordinary Shares by Johan Olivier, Group Chief
Financial Officer, at an exercise price of 0.1 pence per Ordinary
Share. Subsequent to his exercise of options, Johan Olivier has
sold 11,000 Ordinary Shares at a price of 151 pence per
Ordinary Share to cover his associated tax costs. His residual
holding in the Company following these transactions is 14,000
Ordinary Shares, representing 0.02 per cent. of the Company's
issued share capital.
Total Voting
Rights
It is expected that Admission will become effective
and trading will commence in the new Ordinary Shares at 8.00 a.m.
on 18 March 2024. On Admission the Company's issued share capital
will comprise 66,539,060 Ordinary Shares. The Company holds no
Ordinary Shares in treasury. Accordingly, the figure of 66,539,060
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 Company under the
FCA's Disclosure Guidance and Transparency Rules.
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.
The
notifications below are made in accordance with Article 19(3) of
the Market Abuse Regulation:
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
a)
|
|
Johan Olivier
|
2
|
Reason for the notification
|
a)
|
Position/status
|
Group 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
|
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
|
Exercise of options over Ordinary
Shares
Sale of Ordinary Shares
|
c)
|
Price(s) and volume(s)
|
|
|
|
|
|
|
Exercise of Options:
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
0.1 pence
|
25,000
|
|
|
|
Sale of Ordinary Shares:
|
|
|
|
|
Price(s)
|
Volume(s)
|
|
|
|
151 pence
|
11,000
|
|
|
|
|
|
|
d)
|
Aggregated information
Exercise of Options:
|
|
- Aggregated volume
|
25,000 Ordinary Shares
|
|
|
- Price
|
0.1 pence per Ordinary
Share
|
Sale
of Ordinary Shares:
- Aggregated volume
- Price
|
11,000 Ordinary Shares
151 pence per Ordinary
Share
|
e)
|
Date of the transactions
|
14 March 2024
|
f)
|
Place of the transaction
|
London Stock Exchange
|