Grant of Options
On October 6, 2025, Quartix Technologies plc announced the grant of options over ordinary shares. Commercial and Operations Director, Daniel Mendis, received 27,500 options exercisable at 1 penny each, vesting in 2026 subject to performance conditions. Additionally, Sally Morton, Glen Middleton, Sean Maher, and Ian Pawley each received 21,052 options exercisable at 285 pence per share, vesting on October 6, 2028, contingent upon continued employment. These grants represent new options for the specified individuals.
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Quartix Technologies plc, a leading supplier of subscription-based vehicle tracking software and services, announces that on 6 October 2025, the Company granted 27,500 options over ordinary shares of 1 penny 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 and represents the only options Mr Mendis holds. The grant is subject to performance conditions and objectives on key measures of business performance covering net growth in annual recurring revenue from new business, channel development in target markets and sales organisation and efficiency. The options vest in a single tranche in 2026, to the extent that the conditions are met by then and must be held for at least 12 months. Mr Mendis currently holds 51,978 Ordinary Shares in the Company, representing 0.11 per cent. of the issued share capital of the Company.
The Company also announces the granting of 21,052 options over Ordinary Shares to each of the following PDMRs, also on 6 October 2025:
- Sally Morton, Company Secretary and Finance Director
- Glen Middleton, Head of Telematics
- Sean Maher, Sales Director
- Ian Pawley, Head of Infrastructure and Support
The options are exercisable at the price of 285 pence per share and will vest on 6 October 2028, subject to continued employment at that date.
| 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 | ||||
| a) | Name | Quartix Technologies plc | ||||
| b) | LEI | 213800I4PGCG3QUIHC59 | ||||
| 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 | 6 October 2025 | ||||
| f) | Place of the transaction | Outside of trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sally Morton | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Company Secretary and Finance Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| a) | Name | Quartix Technologies plc | ||||
| b) | LEI | 213800I4PGCG3QUIHC59 | ||||
| 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 | 6 October 2025 | ||||
| f) | Place of the transaction | Outside of trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Glen Middleton | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Head of Telematics | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| a) | Name | Quartix Technologies plc | ||||
| b) | LEI | 213800I4PGCG3QUIHC59 | ||||
| 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 | 6 October 2025 | ||||
| f) | Place of the transaction | Outside of trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Sean Maher | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Sales Director | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| a) | Name | Quartix Technologies plc | ||||
| b) | LEI | 213800I4PGCG3QUIHC59 | ||||
| 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 | 6 October 2025 | ||||
| f) | Place of the transaction | Outside of trading venue | ||||
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Ian Pawley | ||||
| 2. | Reason for the Notification | |||||
| a) | Position/status | Head of Infrastructure and Support | ||||
| b) | Initial notification/Amendment | Initial notification | ||||
| a) | Name | Quartix Technologies plc | ||||
| b) | LEI | 213800I4PGCG3QUIHC59 | ||||
| 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 | 6 October 2025 | ||||
| f) | Place of the transaction | Outside of trading venue |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.