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Strix Group PLC - Director Dealing

RNS Number : 4386E
Strix Group PLC
05 November 2020
 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN

 

Strix Group Plc ("Strix" or the "Company")

 

Director Dealing

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

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 of the sale of 700,000 ordinary shares of £0.01 each ("Ordinary Shares") today by Strix Group Plc's Chief Executive Officer Mark Bartlett.

This transaction represents Mark Bartlett's first sale of any shares in the Company prior to and since Strix Group Plc was admitted to AIM in 2017 and the purpose of the sale is to provide liquidity in order to fund a property purchase on the Isle of Man, where the Company is headquartered.

Director

Position

Ordinary Shares held previously

% of total issued share capital held previously

Number of ordinary shares sold

Resulting total number of Ordinary Shares held

Resulting % of issued share capital held

Mark Bartlett

Chief Executive Officer

4,100,000

2.06%

700,000

3,400,000

1.71%

 

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

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 /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 instrument, type of instrument

Identification code

Ordinary shares of £0.01

 

ISIN: GB00BCCW4X83

b)

Nature of the transaction

Sale of Ordinary Shares

 



c)

Price(s) and volume(s)


 Price(s)

Volume(s)


236p

700,000

d)

Aggregated information

- Aggregated volume

- Price

 

700,000

 

236p

e)

Date of the transaction

5 November 2020

f)

Place of the transaction

London Stock Exchange, AIM

 

 

 

 

For further enquiries, please contact:

 

 

 

Strix Group Plc

Tel: +44 (0) 1624 829829

Mark Bartlett, CEO

 

Raudres Wong, CFO

 

 

 

Zeus Capital Limited (Nominated Advisor and Joint Broker)

+44 (0) 20 3829 5000 

Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)

 

 

 

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 Alternative Investment Market of the London Stock Exchange (AIM: KETL). 

 

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