Business
Director/PDMR Shareholding, Issue of Equity & TVR
Director/PDMR Shareholding, Issue of Equity & TVR.
About this update from Nexteq Plc
[{"type":"text","content":"\n\nNexteq plc\n \n(\"Nexteq\" or the \"Group\")\nDirector/PDMR Shareholding\n \nand\n \nTotal Voting Rights\n \nNexteq (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.\nTotal Voting Rights\nIt 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.\n \n\n\n\n\nNexteq plc\nJon Jayal, Chief Executive Officer\nJohan Olivier, Chief Financial Officer\n \n\n\nTel: +44 (0)1223 892 696\n\n\n\n\nNominated Adviser and Broker:\nCavendish Capital Markets Ltd\nMatt Goode / Simon Hicks (Corporate Finance)\nTim Redfern / Harriet Ward (ECM)\n \n\n\nTel: +44 (0) 20 7220 0500\n\n\n\n\nJoint Broker:\nCanaccord Genuity Limited\nSimon Bridges / Andrew Potts\n \n\n\nTel: +44 (0) 20 7523 8000\n\n\n\n\nFinancial PR:\nAlma Strategic Communications\nHilary Buchanan / Kieran Breheny\n\n\nTel: +44 (0)20 3405 0205\n\n\n\n\n \nAbout Nexteq\nNexteq (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, de...