Quotient Limited Appoints Christopher Lindop as CFO
Quotient Limited appointed Christopher J. Lindop, age 59, as the Company's chief financial officer on Feb. 9, 2017. In connection with the appointment of Mr. Lindop, the Company and Mr. Lindop entered into a subscription agreement pursuant to which Mr. Lindop subscribed for, and the Company agreed to issue, 50,000 ordinary shares at a price of $6.41 per share (which was equal to the closing price of the Company's ordinary shares as reported on the Nasdaq Global Market on such date) for aggregate proceeds of $320,500. The Subscription Agreement contains customary representations, warranties and indemnification obligations of the parties. The Subscription Shares were issued to Mr. Lindop on Feb. 14, 2017.