27th Apr 2018 11:00
LONDON (Alliance News) - FinnCap Ltd said on Friday that Quixant PLC's Executive Vice-Chairman, Chief Executive Officer Strategic Sales Director and associated persons intend to sell 2.2 million shares, representing 3.4% of the company's issued share capital.
Shares in the computer manufacturing company were up 1.5% at 418.00 pence on Friday.
Executive Vice-Chairman Nick Jarmany will sell up to 777,031 shares, and his wife Francesca Marzilli will sell 532,146 shares.
Strategic Sales Director Gary Mullins will dispose of 543,197 shares, his wife Sophie Mullins 86,651 shares and brother Mark Mullins 200,000 shares.
Quixant Chief Executive Officer Jon Jayal will sell up to 100,000 shares.
The placing is being conducted through an accelerated bookbuild, of which FinnCap will act as sole bookrunner.
The company will not receive any proceeds from the placing.
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