REG - Quartix Technologies - Granting of Options

Quartix TechnologiesAnnouncement

15/05/2024 18:30

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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)     020 7220 0500

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

 Sunila de Silva (Corporate Broking)

 

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                                     As above

                           ·      Price
 e)                        Date of the transaction                                      13 May 2024
 f)                        Place of the transaction                                     Outside of trading venue

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

 

 

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