TIDMKETL

RNS Number : 0653A

Strix Group PLC

27 May 2021

27 May 2021

Strix Group Plc

("Strix" or the "Group")

Results of Annual General Meeting

Strix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, announces that all resolutions were passed via poll at the Annual General Meeting held on 27 May 2021.

A summary of the votes is presented below:

 
 AGM resolutions                  For           %        Against     %      Withheld 
-------------------------------  ------------  -------  ----------  -----  ----------- 
 
 Ordinary resolutions 
-------------------------------  ------------  -------  ----------  -----  ----------- 
 Resolution 1 
 Annual Report and accounts       136,577,860    98.60   1,945,154   1.40      128,617 
 Resolution 2 
 Annual Report on Directors' 
  remuneration                    137,739,478    99.34     910,854   0.66        1,299 
 Resolution 3 
 Final dividend                   137,651,631   100.00           -      -    1,000,000 
 Resolution 4 
 Proposal to re-elect 
  Mark Kirkland (retiring 
  by rotation)                    133,831,136    99.30     948,189   0.70    3,872,306 
 Resolution 5 
 Appointment of auditors          137,904,977    99.47     741,757   0.53        4,897 
 Resolution 6 
 Remuneration of auditors         138,033,339    99.55     617,156   0.45        1,136 
 Resolution 7 
 Power of Directors to 
  allot shares                    136,714,136    98.60   1,937,495   1.40            - 
 
 Special resolutions 
-------------------------------  ------------  -------  ----------  -----  ----------- 
 Resolution 8 
 Disapplication of pre-emption 
  rights                          137,474,668    99.15   1,176,963   0.85            - 
 Resolution 9 
 Disapplication of pre-emption 
  rights                          135,408,543    97.66   3,243,088   2.34            - 
 Resolution 10 
                                 ------------  -------  ----------  -----  ----------- 
 Purchase of own shares           114,429,497    99.35     746,001   0.65   23,476,133 
                                 ------------  -------  ----------  -----  -----------

Statement regarding voting result

We are pleased to have received the support of our shareholders for all of the resolutions proposed at the AGM, and we are satisfied with the level of support for each resolution. We are also pleased with the percent of shares voted on. We will continue to monitor the level of support for each resolution in the future, and where needed we will discuss with shareholders and proxy advisors to understand any concerns.

 
 For further enquiries, please contact: 
  Strix Group Plc 
  Mark Bartlett, CEO 
  Raudres Wong, CFO 
  Zeus Capital Limited (Nominated Advisor 
  and Joint Broker)                             +44 (0) 1624 829829 
                                                    +44 (0) 20 3829 
                                                               5000 
 Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance) 
 Stifel Nicolaus Europe Limited (Joint              +44 (0) 20 7710 
  Broker)                                                      7600 
 Francis North / Matthew Blawat 
 
 IFC Advisory Limited (Financial PR and             +44 (0) 20 3934 
  IR)                                                          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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May 27, 2021 07:06 ET (11:06 GMT)

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