TIDMKETL
RNS Number : 9561I
Strix Group PLC
21 April 2022
21 April 2022
Strix Group plc
("Strix" or the "Company")
Exercise of Options, Issue of Equity and 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
the Company has today issued 734,608 new ordinary shares of GBP0.01
each ("Ordinary Shares") in the Company (the "Option Shares")
pursuant to the exercise of options ("Options") under the Strix
Group Plc Long Term Incentive Plan ("LTIP"). The Options were
granted in May 2019 and April 2020 and vested and became
exercisable from 21 April 2022 in accordance with the rules of the
LTIP.
The Options were exercised by Mark Bartlett (Chief Executive
Officer), Raudres Wong (Chief Financial Officer), Frank Gao (Chief
Operating Officer), Harry Kyriacou (Chief Commercial Officer) and
other employees.
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 2,545,127 1.23% 66,860 2,611,987 1.26%
----------------- ---------------- --------------- ------------- -------------- ---------------
Raudres Chief Financial
Wong(1) Officer 1,824,275 0.88% 66,142 1,890,417 0.91%
----------------- ---------------- --------------- ------------- -------------- ---------------
Chief Operating
Frank Gao Officer - - 37,878 37,878 0.02%
----------------- ---------------- --------------- ------------- -------------- ---------------
Chief Commercial
Harry Kyriacou Officer - - 97,133 97,133 0.05%
----------------- ---------------- --------------- ------------- -------------- ---------------
TOTAL 4,369,402 2.11% 268,013 4,637,415 2.24%
---------------- --------------- ------------- -------------- ---------------
(1) Shares held in the name of her husband, Wing Yip Fong
Admission and Total voting rights
Strix has made application to the London Stock Exchange for the
issue of securities in respect of 734,608 new Ordinary Shares to be
admitted to trading on AIM in relation to the exercise of the
Option Shares and it is expected that admission will become
effective on 22 April 2022.
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 207,406,554 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 590,967 Ordinary Shares under the LTIP.
Included within the 590,967 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 148,760 496,893
------------------ ------------------ ---------------
Chief Financial
Raudres Wong Officer 131,262 434,915
------------------ ------------------ ---------------
Chief Operating
Frank Gao Officer 76,446 249,463
------------------ ------------------ ---------------
Chief Commercial
Harry Kyriacou Officer 54,236 175,360
------------------ ------------------ ---------------
TOTAL 410,704 1,329,631
------------------ ---------------
In addition to the options awarded to Directors and PDMR's,
180,263 options have been awarded to the Company's trading board.
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.
Following these grants the total number of options over Ordinary
Shares in issue is 2,386,016 representing 1.2 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 66,860
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 21 April 2022
---------------------------------- ----------------------------
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 66,142
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 21 April 2022
---------------------------------- ----------------------------
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 37,878
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 21 April 2022
---------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ----------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Harry Kyriacou
---------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CCO
---------------------------------- ----------------------------
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 97,133
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 21 April 2022
---------------------------------- ----------------------------
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 CEO
------------------------------ --------------------------------
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 148,760
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2022
------------------------------ --------------------------------
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 CFO
------------------------------ --------------------------------
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 131,262
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2022
------------------------------ --------------------------------
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 COO
------------------------------ --------------------------------
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 76,446
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2022
------------------------------ --------------------------------
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 CCO
------------------------------ --------------------------------
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 54,236
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 21 April 2022
------------------------------ --------------------------------
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 (Nominated Adviser and Joint
Broker)
Nick Cowles / Jamie Peel / Jordan
Warburton (Investment Banking) +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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IOEFLFESSIILFIF
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