QTX.L

Quartix Technologies plc
Quartix Technologies - Granting of Options
15th May 2024, 17:24
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 6217O
Quartix Technologies PLC
15 May 2024
 

 

15 May 2024

Quartix Technologies plc

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

Granting of Options

 

 

Quartix Technologies PLC (AIM: QTX), a leading supplier of vehicle tracking systems, announces that on 13 May 2024, the Company granted 42,000 options over ordinary shares of 1 pence each ("Ordinary Shares") exercisable at the nominal share price to Daniel Mendis, Commercial and Operations Director.

This grant of options forms part of his remuneration for 2024 and represents the only options Mr Mendis holds. The grant is subject to performance conditions and objectives on 5 key measures of business and financial performance covering subscription pricing, net growth in annual recurring revenue from new business, customer acquisition, free cash flow and EBITDA.

The options vest in a single tranche in 2025, to the extent that the conditions are met.

Mr Mendis currently holds 14,000 Ordinary Shares in the Company.

 

For further information, please contact:

 

Quartix (www.quartix.net)

Andy Walters, Executive Chairman

 

 

 

 

 

01686 806 663

Cavendish Capital Markets Limited (Nominated Adviser and Broker)

Matt Goode / Seamus Fricker/ Trisyia Jamaludin (Corporate Finance)

Sunila de Silva (Corporate Broking)

020 7220 0500

 

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

Daniel Mendis

2.           

Reason for the Notification

a)

Position/status

Commercial and Operations Director

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 Financial instrument, type of instrument

1p Ordinary shares

Identification code

QTX GB00BLZH2C83

b)

Nature of the transaction

Grant of options over ordinary shares

c)

Price(s) and volume(s)

 

 

 

Price(s)

Volume(s)

Nil cost options

42,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

As above

e)

Date of the transaction

13 May 2024

f)

Place of the transaction

Outside of trading venue

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHEAXSSFALLEFA]]>
TwitterFacebookLinkedIn