Business
First Day of Dealings
First Day of Dealings.
About this update from Nexteq Plc
[{"type":"text","content":"\n \nRNS Number : 1571F Quixant PLC 21 May 2013 \n \n\n21 May 2013\nQuixant plc \n(\"Quixant\" or the \"Company\")\n \nFirst day of dealings on AIM\n \nPlacing raising, in aggregate, approximately £4.55 million \nMarket capitalisation at placing price of approximately £30 million\n \nQuixant (AIM:QXT), a leading provider of specialised computing platforms for gaming and slot machine applications, is pleased to announce the admission today of its ordinary shares to trading on the AIM market of the London Stock Exchange and the commencement of dealings in its ordinary shares under the ticker QXT.L. \n \nAs part of the admission process, the Company raised gross proceeds of £3.88 millionthrough an over-subscribed placing of 8,434,782 new Ordinary Shares, at a placing price of 46 pence per Ordinary Share (the \"Placing Price\"). In addition, 1,452,174 Ordinary Shares were placed on behalf of existing shareholders (\"Vendors\") at the Placing Price, raising £0.67 million for the Vendors. The Ordinary Shares have been placed with a number of institutional investors and High Net Worth Individuals. \n \nOn Admission, the Company will have a market capitalisation of approximately £30 million at the Placing Price. \n \nOverview:\n \n· Headquartered in Cambridge, UK, Quixant designs and manufactures complete advanced hardware and software solutions (\"Gaming Platforms\") for the pay-to-play gaming and slot machine industry, supplying manufacturers of gaming and slot machines.\n \n· Quixant's key strengths are:\no High quality, differentiated products;\no Established Far Eastern manufacturing capability;\no Experience in the gaming market;\no Market opportunity; and \no Brand recognition.\n \n \n· The Board's ambition is to continue to grow the business so that the \"Quixant\" name becomes synonymous with the standard for specialised gaming computer systems.\n \n· Quixant is capitalising on its progress made to date in broadening the customer base, securing new long-term customer wins and building the brand.\n \n· Quixant was founded in 2005 and has a strong financial track record, and the Dir...