Last checked at 23 May 2019 07:00
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.
23 May 2019
Strix Group Plc
("Strix" or the "Company")
AGM Statement
At today's Annual General Meeting of 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, Gary Lamb, Chairman, will make the following statement:
"The Company is pleased to announce it has signed a land purchase agreement with the Zengcheng Government and expects to start construction of the new factory at the end of Q3 this year as scheduled.
"I am also pleased to report that the Company continues to trade in line with market expectations for the year ending 31 December 2019."
Enquiries:
Strix Group Plc | +44 (0) 1624 829 829 |
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) | |
Canaccord Genuity Limited (Joint Broker) |
+44 (0) 20 7523 8000 |
Chris Connors | |
IFC Advisory Limited (Financial PR and IR) | +44 (0) 20 3934 6630 |
Graham Herring / Heather Armstrong / Tim Metcalfe | |
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).