Strix Group PLC Update on conditional acquisition of LAICA S.p.A (9863B)
14 Oktober 2020 - 8:00AM
UK Regulatory
TIDMKETL
RNS Number : 9863B
Strix Group PLC
14 October 2020
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
Strix Group Plc
Update on conditional acquisition of LAICA S.p.A
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, is pleased
to announce that it has received approval from the Council of
Ministers in Italy to proceed with the acquisition of LAICA S.p.A.
Accordingly the acquisition is expected to complete in
approximately one week.
For further enquiries, please contact:
Strix Group Plc Tel: +44 (0) 1624
829829
Mark Bartlett, CEO
Raudres Wong, CFO
Zeus Capital Limited (Nominated Advisor and
Joint Broker) +44 (0) 20 3829 5000
Nick Cowles / Jamie Peel / Jordan Warburton
(Corporate Finance)
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 is admitted to trading on the AIM Market of the London
Stock Exchange (AIM: KETL).
Market Abuse Regulation (EU) NO. 596/2014
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of the Company is Mark Bartlett, Chief Executive
Officer.
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END
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