TIDMKETL

RNS Number : 1034J

Strix Group PLC

22 April 2022

22 April 2022

Strix Group plc

("Strix" or the "Company")

PDMR Dealing

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 that Harry Kyriacou, Chief Commercial Officer, has sold 48,566 ordinary shares of GBP0.01 each ("Ordinary Shares") at an average price of 209.7671 pence per Ordinary Share. The sale is primarily to finance the income tax and National Insurance liabilities relating to the exercise of Company options announced on 21 April 2022 .

Following this disposal, Harry now holds 48,567 Ordinary Shares representing approximately 0.02% of the current Issued Share Capital of the Company.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, 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                                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           Sale of Ordinary Shares 
     ----------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                Price(s)   Volume(s) 
                                             209.7671   48,566 
                                                       ---------- 
     ----------------------------------  ---------------------------- 
 d)   Aggregated information 
       - Aggregated volume                 N/A - single transaction 
       - Price 
     ----------------------------------  ---------------------------- 
 e)   Date of the transaction             22 April 2022 
     ----------------------------------  ---------------------------- 
 f)   Place of the transaction            London Stock Exchange, AIM 
     ----------------------------------  ----------------------------

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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END

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April 22, 2022 11:02 ET (15:02 GMT)

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