27th Apr 2018 14:29
LONDON (Alliance News) - FinnCap Ltd said Friday that Quixant PLC's Executive Vice-Chairman, Chief Executive Officer Strategic Sales Director and associated persons have sold 2.2 million shares at a price of 410 pence per share for a total of GBP9.0 million, representing 3.4% of the company's issued share capital.
Shares in the computer manufacturing company were down 0.5% at 410.00 pence on Friday.
Executive Vice-Chairman Nick Jarmany has sold 777,031 shares, and his wife Francesca Marzilli disposed of 532,146 shares.
Strategic Sales Director Gary Mullins sold 543,197 shares, his wife Sophie Mullins 86,651 shares and brother Mark Mullins 200,000 shares.
Quixant Chief Executive Officer Jon Jayal sold 100,000 shares.
The placing was conducted through an accelerated bookbuild, for which FinnCap acted as sole bookrunner.
The company will not receive any proceeds from the placing.
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