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)
|
| ||||
| 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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