Strix Group PLC Director Dealing (4386E)
05 November 2020 - 5:50PM
UK Regulatory
TIDMKETL
RNS Number : 4386E
Strix Group PLC
05 November 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 ("Strix" or the "Company")
Director Dealing
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
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, has been
notified of the sale of 700,000 ordinary shares of GBP0.01 each
("Ordinary Shares") today by Strix Group Plc's Chief Executive
Officer Mark Bartlett.
This transaction represents Mark Bartlett's first sale of any
shares in the Company prior to and since Strix Group Plc was
admitted to AIM in 2017 and the purpose of the sale is to provide
liquidity in order to fund a property purchase on the Isle of Man,
where the Company is headquartered.
Director Position Ordinary % of total Number Resulting Resulting
Shares issued of ordinary total number % of issued
held previously share capital shares of Ordinary share capital
held previously sold Shares held
held
Chief
Mark Executive
Bartlett Officer 4,100,000 2.06% 700,000 3,400,000 1.71%
------------ ----------------- ----------------- ------------- -------------- ---------------
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail.
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Mark Bartlett
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2 Reason for the notification
--------------------------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
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b) Initial notification /Amendment Initial notification
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3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
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a) Name Strix Group Plc
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b) LEI 213800KZEW5W6BZMNT62
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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 the financial instrument, type of instrument Ordinary shares of GBP0.01
Identification code
ISIN: GB00BCCW4X83
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b) Nature of the transaction Sale of Ordinary Shares
c) Price(s) and volume(s) Price(s) Volume(s)
---- ----------------------------------------------------------------------- --------------- ------------
236p 700,000
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Aggregated information
* Aggregated volume
700,000
d) * Price 236p
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e) Date of the transaction 5 November 2020
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f) Place of the transaction London Stock Exchange, AIM
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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 Alternative Investment
Market of the London Stock Exchange (AIM: KETL).
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END
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