TIDMKETL

RNS Number : 7035P

Strix Group PLC

20 October 2021

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.

Strix Group Plc

("Strix" or the "Company")

Director and PDMR Dealings

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, has been notified that Mark Bartlett, the Chief Executive Officer and Raudres Wong, the Chief Financial Officer have disposed of 1,100,000 and 500,000 Ordinary Shares of GBP0.01 ("Ordinary Shares") respectively in light of the crystallisation of personal tax liabilities relating to Company options and property investments.

Mark Bartlett and Raudres Wong have undertaken that they will not dispose of any further Ordinary Shares for the 12 months following this announcement. As a result of these transactions, Mark Bartlett and Raudres Wong's holdings in the Company now comprise of 1.2% and 0.9% of the issued share capital respectively.

Frank Gao, the Chief Operating Officer also disposed of 206,173 Ordinary Shares leaving him with no residual holding in the Company.

 
 Director         Position          Ordinary        % of total        Number        Resulting      Resulting 
  / PDMR                             Shares         issued share    of ordinary    total number    % of issued 
                                 held previously    capital held      shares       of Ordinary        share 
                                                     previously        sold           Shares         capital 
                                                                                       held           held 
                  Chief 
                   Executive 
 Mark Bartlett     Officer         3,510,878           1.70%        1,100,000       2,410,878        1.17% 
                 ------------  -----------------  --------------  -------------  --------------  ------------- 
                  Chief 
 Raudres           Financial 
  Wong(1)          Officer         2,302,075           1.11%         500,000        1,802,075        0.87% 
                 ------------  -----------------  --------------  -------------  --------------  ------------- 
                  Chief 
                   Operating 
 Frank Gao         Officer          206,173            0.10%         206,173            -            0.00% 
                 ------------  -----------------  --------------  -------------  --------------  ------------- 
 

(1) Shares held in the name of her husband, Wing Yip Fong

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1     Details of the person discharging managerial responsibilities / person closely associated 
 a)    Name                                                                     Mark Bartlett 
      -----------------------------------------------------------------------  -------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                                          Chief Executive Officer 
      -----------------------------------------------------------------------  -------------------------------- 
 b)    Initial notification /Amendment                                          Initial notification 
      -----------------------------------------------------------------------  -------------------------------- 
 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 the financial instrument, type of instrument              Ordinary shares of GBP0.01 
        Identification code 
                                                                                 ISIN: IM00BF0FMG91 
      -----------------------------------------------------------------------  -------------------------------- 
 b)    Nature of the transaction                                                Sale of Ordinary Shares 
 
 c)    Price(s) and volume(s)                                                     Price(s)        Volume(s) 
----  -----------------------------------------------------------------------   ---------------  ------------ 
                                                                                 325p             1,100,000 
  ----------------------------------------------------------------------------  ---------------  ------------ 
 d)    Aggregated information 
         *    Aggregated volume                                                   N/A - Single transaction 
 
 
         *    Price 
      -----------------------------------------------------------------------  -------------------------------- 
 e)    Date of the transaction                                                  19 October 2021 
      -----------------------------------------------------------------------  -------------------------------- 
 f)    Place of the transaction                                                 London Stock Exchange, AIM 
      -----------------------------------------------------------------------  -------------------------------- 
 
 
 1      Details of the person discharging managerial responsibilities / person closely associated 
 a)     Name                                       Raudres Wong 
       -----------------------------------------  ------------------------------------------------------------------- 
 2      Reason for the notification 
       -------------------------------------------------------------------------------------------------------------- 
 a)     Position/status                            Chief Financial Officer 
       -----------------------------------------  ------------------------------------------------------------------- 
 b)     Initial notification /Amendment            Initial notification 
       -----------------------------------------  ------------------------------------------------------------------- 
 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 the financial instrument,   Ordinary shares of GBP0.01 
        type of instrument 
        Identification code                         ISIN: IM00BF0FMG91 
       -----------------------------------------  ------------------------------------------------------------------- 
 b)     Nature of the transaction                  Sale of Ordinary Shares 
 
 c)     Price(s) and volume(s)                                                      Price(s)     Volume(s) 
-----  -----------------------------------------  ------------------------------  ------------  ----------  --------- 
                                                                                   325p          500,000 
  ------------------------------------------------------------------------------  ------------  ----------  --------- 
 d)     Aggregated information 
          *    Aggregated volume                     N/A - Single transaction 
 
 
          *    Price 
       -----------------------------------------  ------------------------------------------------------------------- 
 e)     Date of the transaction                    19 October 2021 
       -----------------------------------------  ------------------------------------------------------------------- 
 f)     Place of the transaction                   London Stock Exchange, AIM 
       -----------------------------------------  ------------------------------------------------------------------- 
 
 
 
 
 
 
 
 1     Details of the person discharging managerial responsibilities / person closely associated 
 a)    Name                                                                     Frank Gao 
      -----------------------------------------------------------------------  -------------------------------- 
 2     Reason for the notification 
      --------------------------------------------------------------------------------------------------------- 
 a)    Position/status                                                          Chief Operating Officer 
      -----------------------------------------------------------------------  -------------------------------- 
 b)    Initial notification /Amendment                                          Initial notification 
      -----------------------------------------------------------------------  -------------------------------- 
 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 the financial instrument, type of instrument              Ordinary shares of GBP0.01 
        Identification code 
                                                                                 ISIN: IM00BF0FMG91 
      -----------------------------------------------------------------------  -------------------------------- 
 b)    Nature of the transaction                                                Sale of Ordinary Shares 
 
 c)    Price(s) and volume(s)                                                     Price(s)        Volume(s) 
----  -----------------------------------------------------------------------   ---------------  ------------ 
                                                                                 325p             206,173 
  ----------------------------------------------------------------------------  ---------------  ------------ 
 d)    Aggregated information 
         *    Aggregated volume                                                   N/A - Single transaction 
 
 
         *    Price 
      -----------------------------------------------------------------------  -------------------------------- 
 e)    Date of the transaction                                                  19 October 2021 
      -----------------------------------------------------------------------  -------------------------------- 
 f)    Place of the transaction                                                 London Stock Exchange, AIM 
      -----------------------------------------------------------------------  -------------------------------- 
 
 
 
 
  For further enquiries, please contact: 
 
Strix Group Plc                                                   Tel: +44 (0) 1624 829829 
Mark Bartlett, CEO 
Raudres Wong, CFO 
 
Zeus Capital Limited (Nominated Advisor and Joint Broker)         +44 (0) 20 3829 5000 
Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance) 
 
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 is admitted to trading on the AIM Market of the London Stock Exchange (AIM: KETL).

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END

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October 20, 2021 08:45 ET (12:45 GMT)

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