Strix Group PLC Grant of Options (9513F)

TIDMKETL

RNS Number : 9513F

Strix Group PLC

01 November 2018

The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

1 November 2018

Strix Group Plc

("Strix" or the "Company")

Grant of Options

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 that it granted options on 1 November 2018 over a total of 1,289,630 Ordinary Shares of 1p each in the Company ("Ordinary Shares") under the Strix Group Plc Long Term Incentive Plan ("LTIP").

Included within the 1,289,630 options granted are the following to Directors and PDMRs of the Company as part of their annual remuneration and incentivisation packages:

 
                                     Number of options     Total number 
                                          granted         of options held 
                  Chief Executive 
 Mark Bartlett     Officer           208,417             4,008,417 
                 -----------------  ------------------  ----------------- 
                  Chief Financial 
 Raudres Wong      Officer           191,870             2,091,870 
                 -----------------  ------------------  ----------------- 
                  Chief Operating 
 Frank Gao         Officer           86,791              596,791 
                 -----------------  ------------------  ----------------- 
 

The remaining 802,553 options granted have been awarded to members of the Company's trading board and senior managers. The options have been granted at nil cost, and 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 10,318,525.

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         Chief Executive Officer 
     ----------------------  --------------------------- 
 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             Ordinary shares of 1p 
       of the financial 
       instrument,             KETL ISIN: IM00BF0FMG91 
       type of instrument 
       Identification 
       code 
     ----------------------  --------------------------- 
 b)   Nature of               Grant of Option 
       the transaction 
     ----------------------  --------------------------- 
 c)   Price(s) and              Price(s)   Volume(s) 
       volume(s)                 0p         208,417 
                                           ---------- 
     ----------------------  --------------------------- 
 d)   Aggregated 
       information             N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ----------------------  --------------------------- 
 e)   Date of the             1 November 2018 
       transaction 
     ----------------------  --------------------------- 
 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         Chief Financial Officer 
     ----------------------  --------------------------- 
 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             Ordinary shares of 1p 
       of the financial 
       instrument,             KETL ISIN: IM00BF0FMG91 
       type of instrument 
       Identification 
       code 
     ----------------------  --------------------------- 
 b)   Nature of               Grant of Option 
       the transaction 
     ----------------------  --------------------------- 
 c)   Price(s) and              Price(s)   Volume(s) 
       volume(s)                 0p         191,870 
                                           ---------- 
     ----------------------  --------------------------- 
 d)   Aggregated 
       information             N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ----------------------  --------------------------- 
 e)   Date of the             1 November 2018 
       transaction 
     ----------------------  --------------------------- 
 f)   Place of the            London Stock Exchange, AIM 
       transaction 
     ----------------------  --------------------------- 
 
 
 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    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             Ordinary shares of 1p 
       of the financial 
       instrument,             KETL ISIN: IM00BF0FMG91 
       type of instrument 
       Identification 
       code 
     ----------------------  --------------------------- 
 b)   Nature of               Grant of Option 
       the transaction 
     ----------------------  --------------------------- 
 c)   Price(s) and              Price(s)   Volume(s) 
       volume(s)                 0p         86,791 
                                           ---------- 
     ----------------------  --------------------------- 
 d)   Aggregated 
       information             N/A - single transaction 
       - Aggregated 
       volume 
       - Price 
     ----------------------  --------------------------- 
 e)   Date of the             1 November 2018 
       transaction 
     ----------------------  --------------------------- 
 f)   Place of the            London Stock Exchange, AIM 
       transaction 
     ----------------------  --------------------------- 
 

For further enquiries, please contact:

 
 Strix Group Plc 
  Mark Bartlett (CEO) 
  Raudres Wong (CFO)                                   01624 829 829 
 Zeus Capital Limited (Nominated Advisor) 
  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    020 3934 6630 
 

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.

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November 01, 2018 03:00 ET (07:00 GMT)