Quixant PLC AGM Statement (6959X)
May 06 2021 - 2:00AM
UK Regulatory
TIDMQXT
RNS Number : 6959X
Quixant PLC
06 May 2021
6 May 2021
Quixant plc
("Quixant" or the "Group")
AGM Statement
The Annual General Meeting ("AGM") of Quixant (AIM:QXT), a
leading provider of innovative, highly engineered technology
products principally for the global gaming and broadcast
industries, will be held today at 11:00am at the Group's offices at
The Galleria, Station Road, Crawley, RH10 1WW.
At the AGM, Quixant Chairman, Michael Peagram, will make the
following statement on current trading:
"We have continued to see healthy demand for our products across
the business consistent with that communicated in the announcement
of our financial results for FY2020 on 14 April 2021. Order intake
remains strong, providing us with further improved order coverage
for our internal full year budget. The global shortage of
semiconductors is impacting many industries, including our own, and
remains a risk we are continuing to manage.
"This is my last AGM as Chairman of Quixant as I retire after
nine years of service. I am leaving Quixant in a strong position
after successfully weathering a year when our key market was
heavily disrupted by the COVID-19 pandemic. With the global gaming
market seeing a restoration in demand and new opportunities in the
near term, Quixant is in a stronger position than ever to resume
its record of profitable growth. I am confident my Board colleague,
Francis Small, who is taking over as Chairman from today, will help
steer the Group to continued success."
Shareholders unable to attend the AGM should join by conference
call on +44 20 3443 9854; Conference ID 541 260 050 by 10:45am at
the latest to enable Quixant to confirm their identity.
Quixant plc Tel: +44 (0)1223 892 696
Jon Jayal, Chief Executive Officer
Andrew Jarvis, Interim Chief Financial
Officer
Nominated Adviser and Broker: Tel: +44 (0) 20 7220 0500
finnCap Ltd
Matt Goode / Simon Hicks (Corporate
Finance)
Alice Lane (ECM)
Joint Broker: Tel: +44 (0) 20 7523 8000
Canaccord Genuity Limited
Simon Bridges / Andrew Potts
Financial PR: Tel: +44 (0)20 3405 0205
Alma PR
John Coles / Hilary Buchanan / Kieran
Breheny
About Quixant
Quixant, founded in 2005, designs and manufactures highly
optimised computing solutions and monitors principally for the
global gaming and broadcast industries. The Company is
headquartered in Cambridge in the UK, with offices throughout
Europe, North America and Asia. Quixant has its own manufacturing
and engineering operation based in Taiwan and software engineering
and customer support teams based in Italy and Slovenia. All the
specialised products software and manufacturing are produced
in-house and Quixant owns all its own IP some of which is protected
by patents and design rights.
In November 2015 Quixant acquired Densitron Technologies plc.
Densitron has a strong heritage in the sale of electronic display
solutions to global industrial markets. Through Densitron's
experienced sales team, Quixant has a robust platform to build its
business into wider industrial markets. In-depth information on the
Company's products, markets, activities and history can be found on
the corporate website at www.quixant.com.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the company's obligations under Article 17 of MAR.
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END
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