Strix Group PLC Grant of Options (1526O)

TIDMKETL

RNS Number : 1526O

Strix Group PLC

16 August 2017

16 August 2017

Strix Group Plc

("Strix" or the "Company")

Grant of Options

Strix Group Plc (AIM: KETL), the designer, manufacturer and supplier of kettle safety controls and other complementary water temperature management components, announces that, further to the intention disclosed in its AIM Admission Document dated 27 July 2017, it granted options on 15 August 2017 over a total of 3,431,505 Ordinary Shares of 1p each ('Ordinary Shares'), including an option over 510,000 Ordinary Shares being granted to Frank Gao (Chief Operating Officer).

The options have been granted at nil cost, and are subject to performance conditions as determined by the Company's remuneration committee.

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               Frank Gao 
---  -----------------  -------------------------- 
 2    Reason for the notification 
---  --------------------------------------------- 
 a)   Position/status    Chief Operating Officer 
---  -----------------  -------------------------- 
 b)   Initial            Initial notification 
       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        Ordinary shares of 
       of the             1p 
       financial 
       instrument,        KETL ISIN: IM00BF0FMG91 
       type of 
       instrument 
       Identification 
       code 
---  -----------------  -------------------------- 
 b)   Nature             Grant of Option 
       of the 
       transaction 
---  -----------------  -------------------------- 
 c)   Price(s)             Price(s)   Volume(s) 
       and volume(s)       ---------  ---------- 
                            0p         510,000 
                           ---------  ---------- 
---  -----------------  -------------------------- 
 d)   Aggregated 
       information        N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
---  -----------------  -------------------------- 
 e)   Date of            15 August 2017 
       the transaction 
---  -----------------  -------------------------- 
 f)   Place of           London Stock Exchange, 
       the transaction    AIM 
---  -----------------  -------------------------- 
 

Enquiries:

 
 Strix Group Plc 
  Mark Bartlett (CEO)                  01624 829 
  Raudres Wong (CFO)                    829 
 Zeus Capital Limited 
  Nick Cowles / Jamie Peel / Jordan 
  Warburton (Corporate Finance) 
  Dominic King (Corporate Broking)     020 3829 5000 
 IFC Advisory Limited (Financial 
  PR & IR) 
  Graham Herring / Tim Metcalfe / 
  Heather Armstrong / Miles Nolan      020 3053 8671 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 16, 2017 05:50 ET (09:50 GMT)