TIDMKETL
RNS Number : 8257W
Strix Group PLC
20 April 2023
20 April 2023
Strix Group plc
("Strix" or the "Company")
Exercise and Grant of Options and Issue of Equity
Strix Group Plc (AIM:KETL), the AIM quoted global leader in the
design, manufacture and supply of kettle safety controls and other
complementary water temperature management components, announces
the Company has issued 3,448 new ordinary shares of GBP0.01 each
("Ordinary Shares") in the Company (the "Option Shares") pursuant
to the exercise of options ("Options") under the Strix Group Plc
Long Term Incentive Plan ("LTIP"). The Options were granted in
April 2020 ("2020 LTIP Award") and vested and became exercisable
from 17 April 2023 in accordance with the rules of the LTIP. The
Option Shares were awarded to a Strix employee and not to Strix's
directors or key management whose awards were linked to performance
conditions. The remainder of the 2020 LTIP Awards, including those
held by Strix's directors, have lapsed.
Admission and Total voting rights
Strix has made application to the London Stock Exchange for the
issue of securities in respect of 3,448 new Ordinary Shares to be
admitted to trading on AIM in relation to the exercise of the
Option Shares and it is expected that admission will become
effective on 21 April 2023. The Option Shares are being issued to
satisfy the exercise of Options by an employee under the LTIP.
Following the admission of the new Ordinary Shares pursuant to
the exercise of share options and the issue of equity, the
Company's issued share capital will comprise 218,714,348 Ordinary
Shares and may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules. The Company does not
hold any shares in treasury.
Grant of Options
Strix also announces that it granted options over a total of
2,560,178 Ordinary Shares under the LTIP.
Included within the 2,560,178 options granted are the following
to Directors of the Company as part of their annual remuneration
and incentivisation packages:
Director / PDMR Position Number of Number of Number of options Total number of
unvested share unvested share granted unvested share
options options lapsed options held
previously held
Chief Executive
Mark Bartlett Officer 496,893 197,138 359,295 659,050
------------------- ------------------ ------------------ ------------------ ------------------
Chief Financial
Raudres Wong Officer 434,915 196,060 311,615 550,470
------------------- ------------------ ------------------ ------------------ ------------------
TOTAL 670,910 1,209,520
------------------ ------------------ ------------------ ------------------
In addition to the options awarded to Directors, 1,889,268
options have been awarded to the Company's key employees, including
531,950 options granted to senior Billi employees. All options have
been granted at nil cost and, excluding 531,950 granted to senior
Billi employees, are subject to performance conditions as
determined by the Company's Remuneration Committee.
Following these grants, the total number of options over
Ordinary Shares in issue is 4,212,808 representing 1.9% per cent.
of the issued share capital of the Company.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
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 Mark Bartlett
------------------------------ --------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CEO
------------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ --------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Strix Group Plc
------------------------------ --------------------------------
b) LEI 213800KZEW5W6BZMNT62
------------------------------ --------------------------------
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 Ordinary shares of GBP0.01
the financial
instrument, type ISIN: IM00BF0FMG91
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 359,295
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 17 April 2023
------------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
------------------------------ --------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Raudres Wong
------------------------------ --------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CFO
------------------------------ --------------------------------
b) Initial notification Initial notification
/Amendment
------------------------------ --------------------------------
3 Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
----------------------------------------------------------------
a) Name Strix Group Plc
------------------------------ --------------------------------
b) LEI 213800KZEW5W6BZMNT62
------------------------------ --------------------------------
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 Ordinary shares of GBP0.01
the financial
instrument, type ISIN: IM00BF0FMG91
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 311,615
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 17 April 2023
------------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
------------------------------ --------------------------------
Further enquiries, please contact:
Strix Group Plc
Mark Bartlett, CEO
Raudres Wong, CFO +44 (0) 1624 829829
Zeus (Nominated Adviser and Joint
Broker)
Nick Cowles / Jamie Peel / Jordan
Warburton (Investment Banking) +44 (0) 20 3829 5000
Stifel Nicolaus Europe Limited (Joint
Broker) +44 (0) 20 7710 7600
Matthew Blawat / Francis North
IFC Advisory Limited (Financial PR
and IR) +44 (0) 20 3934 6630
Graham Herring / Tim Metcalfe / Florence
Chandler
ABOUT STRIX GROUP PLC
Isle of Man based Strix, is a global leader in the design,
manufacture and supply of kettle safety controls and other
components and devices involving water heating and temperature
control, steam management and water filtration.
Strix's core product range comprises a variety of safety
controls for small domestic appliances, primarily kettles. Kettle
safety controls require precision engineering and intricate
knowledge of material properties in order to repeatedly function
correctly. Strix has built up market leading capability and
know-how in this field since being founded in 1982.
Strix trades on the AIM Market of the London Stock Exchange
(AIM: KETL).
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END
MSCFLFLTSFIALIV
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April 20, 2023 02:00 ET (06:00 GMT)
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