TIDMQTX

RNS Number : 0153Q

Quartix Technologies PLC

22 October 2021

Quartix Technologies plc

("Quartix", "the Group" or "the Company")

CEO Succession Update and Trading Update

Quartix Technologies PLC (AIM: QTX), a leading supplier of vehicle tracking systems, announces that on 18 October 2021, the Company granted 58,823 options over ordinary shares of 1 pence each ("Ordinary Shares") at an exercise price of GBP4.25 to Richard Lilwall, Chief Executive Officer. This grant of options represents the only options Mr. Lilwall holds. The options vest in three equal tranches in 2022,2023 and 2024.

For further information, please contact:

 
  Quartix (www.quartix.net) 
   Richard Lilwall, Chief Executive Officer 
   Emily Rees, Chief Financial Officer               01686 806 663 
  finnCap (Nominated Adviser and Broker) 
   Matt Goode / Kate Bannatyne / Milesh Hindocha 
   (Corporate Finance) 
   Alice Lane (Corporate Broking)                    020 7220 0500 
 

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Richard Lilwall 
     -------------------------------  ----------------------------------------- 
 2.   Reason for the Notification 
     -------------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  ----------------------------------------- 
 b)   Initial notification/Amendment   Initial notification 
     -------------------------------  ----------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     -------------------------------------------------------------------------- 
 a)   Name                             Quartix Technologies plc 
     -------------------------------  ----------------------------------------- 
 b)   LEI                              213800I4PGCG3QUIHC59 
     -------------------------------  ----------------------------------------- 
 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               Options over 1p Ordinary shares 
       Financial instrument, 
       type of instrument 
      Identification code              QTX GB00BLZH2C83 
     -------------------------------  ----------------------------------------- 
 b)   Nature of the transaction        Grant of Options 
     -------------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)                            Price(s)     Volume(s) 
                                          Grant 
                                           of Options    425 pence    58,823 
                                                        -----------  ---------- 
     -------------------------------  ----------------------------------------- 
 d)   Aggregated information: 
        *    Aggregated volume           58,823 options over ordinary shares 
                                         of 1 pence exercisable at 425 pence 
                                         per ordinary share 
        *    Price 
     -------------------------------  ----------------------------------------- 
 e)   Date of the transaction          18 October 2021 
     -------------------------------  ----------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM Market 
                                        (XLON) 
     -------------------------------  ----------------------------------------- 
 

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END

MSCMTBFTMTJTBMB

(END) Dow Jones Newswires

October 22, 2021 12:45 ET (16:45 GMT)

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