Business
Issue of Equity & Directorate Changes
Issue of Equity & Directorate Changes.
About this update from Quartix Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 1675Y Quartix Holdings PLC 01 December 2017 \n\n1 December 2017\n \nQuartix Holdings plc\n(\"Quartix\" or the \"Company\")\nFurther re Directorate changes and grant of options\nQuartix Holdings plc, a leading supplier of subscription-based vehicle tracking systems, software and services in the UK, is pleased to announce, further to the announcement dated 27 September 2017, that Daniel Mendis has joined the Company as Chief Financial Officer and is expected to take up his new position as an Executive Director of the Company's Board on 1st January 2018. \nIn line with the terms of Mr Mendis' employment contract the Company has today granted him 280,000 options over ordinary shares of 1 pence each (\"Ordinary Shares\") in the capital of the Company (the \"Options\"). The Options give Mr Mendis the right to subscribe for Ordinary Shares at a price of 360 pence per Ordinary Share, being the closing middle-market price of the Company's Ordinary Shares on 30 November 2017. The Options vest in tranches of 20% on each of 1 March 2019, 2020, 2021, 2022 and 2023, are exercisable until 31 March 2025, and are subject to certain conditions concerning minimum holding periods.\nFor further information, please contact:\n\n\n\n\nQuartix (www.quartix.net)\nAndy Walters, Managing Director\nDavid Bridge, Finance Director\n\n\n01686 806 663\n\n\n\n\nfinnCap (Nominated Adviser and Broker)\nMatt Goode/Scott Mathieson (Corporate Finance)\nAlice Lane (Corporate Broking)\n\n\n020 7220 0500\n\n\n\n\n \n\n\n\n\n1. \n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nDaniel Mendis\n\n\n\n\n2. \n\n\nReason for the Notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Financial Officer\n\n\n\n\nb)\n\n\nInitial notification/Amendment\n\n\nInitial notification\n\n\n\n\n3. \n\n\nDetails of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor\n\n\n\n\na)\n\n\nName\n\n\nQuartix Holdings plc\n\n\n\n\nb)\n\n\nLEI\n\n\n213800I4PGCG3QUIHC59\n\n\n\n\n4. \n\n\nDetails of the transaction(s): section to be rep...