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5 Nov 2020 16:50
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 | |||
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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: |
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Strix Group Plc | Tel: +44 (0) 1624 829829 |
Mark Bartlett, CEO |
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Raudres Wong, CFO |
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Zeus Capital Limited (Nominated Advisor and Joint Broker) | +44 (0) 20 3829 5000 |
Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance) |
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Stifel Nicolaus Europe Limited (Joint Broker) | +44 (0) 20 7710 7600 |
Matthew Blawat / Francis North |
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IFC Advisory Limited (Financial PR and IR) | +44 (0) 20 3934 6630 |
Graham Herring / Tim Metcalfe / Florence Chandler |
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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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