Strix Group PLC Director Dealings

RNS Number : 7089K

Strix Group PLC

16 April 2024

 

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", the "Group" or the "Company")

 

Director Dealing

 

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

 

Strix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, announces that Mark Bartlett, the Chief Executive Officer has purchased 68,385 ordinary shares of £0.01 each ("Ordinary Shares") at an average price of 72.75 pence per Ordinary Share.

Following this purchase, Mark Bartlett is beneficially interested in 2,745,147 Ordinary Shares representing 1.26% of the issued share capital of the Company.

Director	Position	Ordinary Shares held previously	% of total issued share capital held previously	Number of ordinary shares purchased	Resulting total number of Ordinary Shares held	Resulting % of issued share capital held
Mark Bartlett	Chief Executive Officer	2,676,762	1.22%	68,385	2,745,147	1.26%

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, 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 Identification code	Ordinary shares of £0.01 ISIN: GB00BCCW4X83
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			72.75p	68,385
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	15 April 2024
f)	Place of the transaction	London Stock Exchange, AIM

 

 

 

For further enquiries, please contact:
Strix Group Plc Mark Bartlett, CEO Clare Foster, CFO	[phone]
Zeus (Nominated Advisor and Joint Broker) Nick Cowles / Jordan Warburton (Investment Banking)	[phone]
Stifel Nicolaus Europe Limited (Joint Broker) Matthew Blawat / Francis North	[phone]
IFC Advisory Limited (Financial PR and IR) Graham Herring / Tim Metcalfe / Florence Chandler	[phone]

 

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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