QUARTIX TECHNOLOGIES PLC

Remuneration Information • May 15, 2024

National Storage Mechanism | Additional information

RNS Number : 6217O

Quartix Technologies PLC

15 May 2024

15 May 2024

Quartix Technologies plc

("Quartix", "the Group" or "the Company")

Granting of Options

Quartix Technologies PLC (AIM: QTX), a leading supplier of vehicle tracking systems, announces that on 13 May 2024, the Company granted 42,000 options over ordinary shares of 1 pence 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 for 2024 and represents the only options Mr Mendis holds. The grant is subject to performance conditions and objectives on 5 key measures of business and financial performance covering subscription pricing, net growth in annual recurring revenue from new business, customer acquisition, free cash flow and EBITDA.

The options vest in a single tranche in 2025, to the extent that the conditions are met.

Mr Mendis currently holds 14,000 Ordinary Shares in the Company.

For further information, please contact: Quartix  (www.quartix.net) Andy Walters, Executive Chairman	01686 806 663
Cavendish Capital Markets Limited (Nominated Adviser and Broker) Matt Goode / Seamus Fricker/ Trisyia Jamaludin (Corporate Finance) Sunila de Silva (Corporate Broking)	020 7220 0500

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

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

3.  

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Quartix Technologies plc

b)

LEI

213800I4PGCG3QUIHC59

4.  

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

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)

Price(s)	Volume(s)
Nil cost options	42,000

d)

Aggregated information:

·      Aggregated volume

·      Price

As above

e)

Date of the transaction

13 May 2024

f)

Place of the transaction

Outside of trading venue

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