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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Strix Group Plc | LSE:KETL | London | Ordinary Share | IM00BF0FMG91 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.20 | -0.26% | 77.60 | 77.80 | 78.00 | 80.00 | 77.00 | 77.00 | 527,158 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Manufacturing Industries,nec | 106.92M | 16.79M | 0.0768 | 10.13 | 170.16M |
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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April 20, 2023 02:00 ET (06:00 GMT)
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