TIDMKETL
RNS Number : 0979W
Strix Group PLC
21 April 2021
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR.
21 April 2021
Strix Group plc
("Strix" or the "Company")
Exercise of Options, Issue of Equity and Grant of Options
Exercise of Options
Strix Group Plc (AIM: KETL), the global leader in the design,
manufacture and supply of kettle safety controls and other
complementary water products used in temperature control, steam
management and water filtration, announces that today Mark
Bartlett, Chief Executive officer, Raudres Wong, Chief Financial
Officer and Frank Gao, Chief Operating Officer, exercised share
options over 110,878, 102,075 and 46,173 ordinary shares of GBP0.01
each ("Ordinary Shares") respectively. These share options were
granted on 1 November 2018 under the Strix Group Plc Long Term
Incentive Plan ("LTIP").
Following the exercise of the options, the below directors and
PDMRs have the following interests in the share capital of the
Company:
Director Position Ordinary % of total Number Resulting % of enlarged
/ PDMR Shares issued of Ordinary total number issued
held previously share capital Shares of Ordinary share capital
over which Shares
options held
exercised
Chief Executive
Mark Bartlett Officer 3,400,000 1.65% 110,878 3,510,878 1.70%
----------------- ----------------- --------------- ------------- -------------- ---------------
Raudres Chief Financial
Wong(1) Officer 2,200,000 1.07% 102,075 2,302,075 1.11%
----------------- ----------------- --------------- ------------- -------------- ---------------
Chief Operating
Frank Gao Officer 360,000 0.17% 46,173 406,173 0.20%
----------------- ----------------- --------------- ------------- -------------- ---------------
TOTAL 5,960,000 2.89% 259,126 6,219,126 3.01%
----------------- --------------- ------------- -------------- ---------------
(1) Shares held in the name of her husband, Wing Yip Fong
In addition, certain other employees of the Company have
exercised share options over 352,161 Ordinary Shares.
Issue of Equity
Strix has made application to the London Stock Exchange for the
issue of securities in respect of 611,287 new Ordinary Shares to be
admitted to trading on AIM in relation to the exercise of these
share options and it is expected that admission will become
effective on 22 April 2021.
Total voting rights
Following the admission of the new Ordinary Shares pursuant to
the exercise of share options and the Issue of Equity, the
Company's issued share capital will comprise 206,496,375 Ordinary
Shares and may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules. The Company does not
hold any shares in treasury.
Grant of Options
Strix also announces that it granted options today over a total
of 1,027,736 Ordinary Shares under the Strix Group Plc Long Term
Incentive Plan.
Included within the 1,027,736 options granted are the following
to Directors and PDMRs of the Company as part of their annual
remuneration and incentivisation packages:
Director / PDMR Position Number of options Total number
granted of unvested
share options
held
Chief Executive
Mark Bartlett Officer 123,995 519,531
------------------ ------------------ ---------------
Chief Financial
Raudres Wong Officer 107,593 499,920
------------------ ------------------ ---------------
Chief Operating
Frank Gao Officer 63,720 285,415
------------------ ------------------ ---------------
Chief Commercial
Harry Kyriacou Officer 45,207 277,036
------------------ ------------------ ---------------
TOTAL 340,515 1,581,902
------------------ ---------------
Of the remaining 687,221 options granted, 87,221 have been
awarded to members of the Company's trading board and 600,000 to
other employees. All options have been granted at nil cost and for
those granted to the Company's trading board these are subject to
performance conditions as determined by the Company's Remuneration
Committee. Those granted to other employees are subject to
remaining in employment with the Company for two years post being
granted or specific individual strategic objectives and will vest
in two to three years depending on specific strategic targets being
met.
Following these grants the total number of options over Ordinary
Shares in issue is 3,593,131 representing 1.74 per cent. of the
issued share capital of the Company.
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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mark Bartlett
---------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CEO
---------------------------------- ----------------------------
b) Initial notification /Amendment Initial notification
---------------------------------- ----------------------------
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 of the financial Ordinary shares of GBP0.01
instrument, type of instrument
Identification code ISIN: IM00BF0FMG91
---------------------------------- ----------------------------
b) Nature of the transaction Exercise of Share Options
---------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 110,878
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 21 April 2021
---------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ----------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Raudres Wong
---------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CFO
---------------------------------- ----------------------------
b) Initial notification /Amendment Initial notification
---------------------------------- ----------------------------
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 of the financial Ordinary shares of GBP0.01
instrument, type of instrument
Identification code ISIN: IM00BF0FMG91
---------------------------------- ----------------------------
b) Nature of the transaction Exercise of Share Options
---------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 102,075
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 21 April 2021
---------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ----------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Frank Gao
---------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status COO
---------------------------------- ----------------------------
b) Initial notification /Amendment Initial notification
---------------------------------- ----------------------------
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 of the financial Ordinary shares of GBP0.01
instrument, type of instrument
Identification code ISIN: IM00BF0FMG91
---------------------------------- ----------------------------
b) Nature of the transaction Exercise of Share Options
---------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 46,173
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 21 April 2021
---------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ----------------------------
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 of Ordinary shares of GBP0.01
the financial
instrument, type ISIN: IM00BF0FMG91
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 123,995
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2021
------------------------------ --------------------------------
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 of Ordinary shares of GBP0.01
the financial
instrument, type ISIN: IM00BF0FMG91
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 107,593
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2021
------------------------------ --------------------------------
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 of Ordinary shares of GBP0.01
the financial
instrument, type ISIN: IM00BF0FMG91
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 63,720
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2021
------------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
------------------------------ --------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Harry Kyriacou
------------------------------ --------------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status Chief Commercial 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 of Ordinary shares of GBP0.01
the financial
instrument, type ISIN: IM00BF0FMG91
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) Nil 45,207
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2021
------------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
------------------------------ --------------------------------
Further enquiries, please contact:
Strix Group Plc
Mark Bartlett, CEO
Raudres Wong, CFO +44 (0) 1624 829829
Zeus Capital Limited (Nominated Advisor
and Joint Broker)
Nick Cowles / Jamie Peel / Jordan
Warburton (Corporate Finance) +44 (0) 20 3829 5000
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).
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END
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