Director/PDMR Shareholding, Issue of Equity & TVR
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Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, announces that it has applied to the London Stock Exchange for 25,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") to be admitted to trading on AIM ("Admission"). The new Ordinary Shares are being issued subsequent to the exercise of options over Ordinary Shares by Johan Olivier, Group Chief Financial Officer, at an exercise price of 0.1 pence per Ordinary Share. Subsequent to his exercise of options, Johan Olivier has sold 11,000 Ordinary Shares at a price of 151 pence per Ordinary Share to cover his associated tax costs. His residual holding in the Company following these transactions is 14,000 Ordinary Shares, representing 0.02 per cent. of the Company's issued share capital.
Total Voting Rights
It is expected that Admission will become effective and trading will commence in the new Ordinary Shares at 8.00 a.m. on 18 March 2024. On Admission the Company's issued share capital will comprise 66,539,060 Ordinary Shares. The Company holds no Ordinary Shares in treasury. Accordingly, the figure of 66,539,060 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
| Joint Broker: Canaccord Genuity Limited Simon Bridges / Andrew Potts | Tel: +44 (0) 20 7523 8000 | |
| a) | Johan Olivier | |
| 2 | Reason for the notification | |
| a) | Position/status | Group Chief Financial Officer |
| b) | Initial notification /Amendment | Initial Notification |
| a) | Name | Nexteq plc |
| b) | LEI | 2138003VERSWQP561X71 |
| Identification code | GB00B99PCP71 | |
| b) | Nature of the transaction | Exercise of options over Ordinary Shares Sale of Ordinary Shares |
| c) | Price(s) and volume(s) | |
| Exercise of Options: | ||
| Price(s) | Volume(s) | |
| 0.1 pence | 25,000 | |
| Sale of Ordinary Shares: | ||
| Price(s) | Volume(s) | |
| 151 pence | 11,000 | |
| d) | Aggregated information Exercise of Options: | |
| - Aggregated volume | 25,000 Ordinary Shares | |
| - Price | 0.1 pence per Ordinary Share | |
| Sale of Ordinary Shares: - Aggregated volume - Price | 11,000 Ordinary Shares 151 pence per Ordinary Share | |
| e) | Date of the transactions | 14 March 2024 |
| f) | Place of the transaction | London Stock Exchange |
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