Strix Group PLC Result of AGM (2414O)

TIDMKETL

RNS Number : 2414O

Strix Group PLC

28 May 2020

28 May 2020

Strix Group Plc

("Strix" or the "Group")

Results of Annual General Meeting

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 all resolutions were passed via poll at the Annual General Meeting held on 28 May 2020.

A summary of the votes is presented below:

 
 AGM resolutions                   For           %        Against     %      Withheld 
--------------------------------  ------------  -------  ----------  -----  ---------- 
 
 Ordinary resolutions 
--------------------------------  ------------  -------  ----------  -----  ---------- 
 Resolution 1                      123,366,927   100.00      100      0.00     5,999 
 Annual Report and accounts 
 Resolution 2                      121,232,511   98.27    2,127,202   1.72    13,313 
 Annual Report on Directors' 
  remuneration 
 Resolution 3                      123,373,026   100.00       -        -         - 
 Final dividend 
 Resolution 4                      119,695,086   98.71    1,563,016   1.29   2,114,924 
 Proposal to re-elect Gary 
  Lamb (retiring by rotation) 
 Resolution 5                      123,360,119   99.99      6,000     0.00     6,907 
 Proposal to re-appoint Richard 
  Sells 
 Resolution 6                      122,838,774   99.58     522,585    0.42    11,667 
 Appointment of auditors 
 Resolution 7                      122,711,496   99.47     655,842    0.53     5,688 
 Remuneration of auditors 
 Resolution 8                      118,836,644   96.74    4,008,947   3.26    527,435 
 Power of Directors to allot 
  shares 
 Resolution 9                      120,792,876   97.92    2,567,692   2.08    12,458 
 Disapplication of pre-emption 
  rights 
 
 Special resolutions 
--------------------------------  ------------  -------  ----------  -----  ---------- 
 Resolution 10 
 Disapplication of pre-emption 
  rights                           118,160,094   95.78    5,200,474   4.22    12,458 
 Resolution 11                     122,621,387   99.57     525,180    0.43    226,459 
                                  ------------  -------  ----------  -----  ---------- 
 Purchase of own shares 
                                  ------------  -------  ----------  -----  ---------- 
 

Statement regarding voting result

We are pleased to have received the support of our shareholders for all of the resolutions proposed at the AGM, and we are satisfied with the level of support for each resolution. We are also pleased with the percent of shares voted on. We will continue to monitor the level of support for each resolution in the future, and where needed we will discuss with shareholders and proxy advisors to understand any concerns.

 
 For further enquiries, please contact: 
  Strix Group Plc 
  Mark Bartlett, CEO 
  Raudres Wong, CFO 
  Zeus Capital Limited (Nominated Advisor 
  and Joint Broker)                             [phone] 
                                                    [phone] 
                                                               5000 
 Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance) 
 Stifel Nicolaus Europe Limited (Joint              [phone] 
  Broker)                                                      7600 
 Francis North / Matthew Blawat 
 
 IFC Advisory Limited (Financial PR and             [phone] 
  IR)                                                          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 Alternative Investment Market of the London Stock Exchange (AIM: KETL).

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

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May 28, 2020 06:51 ET (10:51 GMT)