Appointment of CFO
8 July 2021
("Quixant" or the "Group")
Appointment of CFO
Quixant (AIM:QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, is pleased to announce that Johan Olivier will join the business as Chief Financial Officer on 31st August 2021 and will be appointed to the Board.
Johan joins the business from XP Power, the FTSE250 designer and manufacturer of power components, where he operated as Group Finance Director for three years and was responsible for financial planning, reporting and treasury functions. Johan also served as XP Power's Acting CFO while the company was seeking a permanent candidate. Prior to this, Johan held finance roles at Logica plc and Finastra after beginning his career in public practice. Johan is a certified Chartered Accountant.
Johan will take over from Andrew Jarvis, Interim CFO, who will stay with the business until the end of the year to help with an orderly handover.
Francis Small, Chairman of Quixant, commented: "We are delighted to be bringing Johan onto the Board and to have attracted someone of his calibre. His tenure during several years of impressive growth at XP Power puts him in excellent stead to support Quixant's ambitious growth plans. On behalf of the Board, I would like to thank Andrew for his hard work and contribution to Quixant over the last year, which have helped navigate the business through unprecedent global conditions."
Jon Jayal, Chief Executive Officer
Andrew Jarvis, Interim Chief Financial Officer
Tel: +44 (0)1223 892 696
Nominated Adviser and Broker:
Matt Goode / Simon Hicks (Corporate Finance)
Alice Lane (ECM)
Tel: +44 (0) 20 7220 0500
Canaccord Genuity Limited
Simon Bridges / Andrew Potts
Tel: +44 (0) 20 7523 8000
John Coles / Hilary Buchanan / Kieran Breheny
Tel: +44 (0)20 3405 0205
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.
The following information regarding the appointment of Johannes Jacobus Olivier, aged 43, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current directorships and/or partnerships:
Former directorships and/or partnerships (within the last five years):
Misys Finance Limited
ACT Sigmex Limited
Misys Group Holdings Limited
Misys International Banking Systems (CIS) Limited
Misys Services Limited
ACT Overseas Limited
Finastra Subco Limited
Finastra International Limited
Finastra UK Limited
Misys India Holdings Limited
Finastra Europe Limited
Finastra Holdings Limited
Misys Africa Limited
Misys International Limited
Finastra Global Limited
Finastra Group Holdings Limited
Finastra Global Operations Limited
ACT Pension Trustees Limited
Fundtech Financial Messaging Ltd
Accountis Europe Ltd
Intersoftware UK Limited
Fundtech UK Limited
Intersoftware Bureaux Limited