TIDMKETL

RNS Number : 9739M

Strix Group PLC

26 May 2022

26 May 2022

Strix Group Plc

("Strix" or the "Group")

Result of Annual General Meeting

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 that all resolutions were passed via poll at the Annual General Meeting held on 26 May 2022.

A summary of the votes is presented below:

 
 AGM resolutions                  For           %        Against      %      Withheld 
-------------------------------  ------------  -------  -----------  -----  ----------- 
 
 Ordinary resolutions 
-------------------------------  ------------  -------  -----------  -----  ----------- 
 Resolution 1 
 Annual Report and accounts       135,464,412   100.00            -      -       82,176 
 Resolution 2 
 Annual Report on Directors' 
  remuneration                    123,687,029    91.26   11,850,592   8.74        8,967 
 Resolution 3 
 Final dividend                   135,546,588   100.00            -      -            - 
 Resolution 4 
 Proposal to re-elect 
  Raudres Wong (retiring 
  by rotation)                    132,299,012    97.61   3,240,464    2.39        6,671 
 Resolution 5 
 Appointment of auditors          134,707,666    99.39      832,080   0.61        6,842 
 Resolution 6 
 Remuneration of auditors         134,572,343    99.28      971,597   0.72        2,648 
 Resolution 7 
 Power of Directors to 
  allot shares                    132,645,811    98.38    2,185,500   1.62      715,277 
 
 Special resolutions 
-------------------------------  ------------  -------  -----------  -----  ----------- 
 Resolution 8 
 Disapplication of pre-emption 
  rights                          135,432,976    99.92      113,312   0.08          300 
 Resolution 9 
 Disapplication of pre-emption 
  rights                          130,005,677    95.91    5,540,611   4.09          300 
 Resolution 10 
                                 ------------  -------  -----------  -----  ----------- 
 Purchase of own shares           109,140,262    99.30      764,195   0.70   25,642,131 
                                 ------------  -------  -----------  -----  -----------

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.

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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(END) Dow Jones Newswires

May 26, 2022 09:52 ET (13:52 GMT)

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