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Last checked at 
5 Apr 2022 07:00
Strix Group Plc("Strix" or the "Company")
Director Dealings
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 Mark Bartlett, the Chief Executive Officer, Raudres Wong, the Chief Financial Officer and Gary Lamb, the Chairman, have purchased 134,249, 22,200 and 44,400 ordinary shares of £0.01 each ("Ordinary Shares") respectively at a price of 199 pence per Ordinary Share.
Richard Sells, a Non-executive Director, has also notified Strix that he has purchased 9,894 Ordinary Shares at a price of 202 pence per Ordinary Share.
Following the purchases, Mark, Raudres, Gary and Richard hold the following interests in the share capital of the Company.
Director | Position | Ordinary Shares held previously | % of total issued share capital held previously | Number of ordinary shares purchased | Resulting total number of Ordinary Shares held | Resulting % of issued share capital held |
Mark Bartlett | Chief Executive Officer | 2,410,878 | 1.17% | 134,249 | 2,545,127 | 1.23% |
Raudres Wong1 | Chief Financial Officer | 1,802,075 | 0.87% | 22,200 | 1,824,275 | 0.88% |
GaryLamb2 | Chairman | 250,000 | 0.12% | 44,400 | 294,400 | 0.14% |
RichardSells | Non-Executive Director | - | - | 9,894 | 9,894 | 0.00% |
1 Shares held in the name of her husband, Wing Yip Fong
2 Shares registered in the name of GEL Investments Limited, a company controlled by Gary Lamb
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: IM00BF0FMG91 | |||
b) | Nature of the transaction | Purchase of Ordinary Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
199p
| 134,249
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction | |||
e) | Date of the transaction | 4 April 2022 | |||
f) | Place of the transaction | London Stock Exchange, AIM | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Raudres Wong | |||||
2 | Reason for the notification | ||||||
a) | Position/status | Chief Financial 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: IM00BF0FMG91 | |||||
b) | Nature of the transaction | Purchase of Ordinary Shares | |||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
199p
| 22,200
| ||||||
d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction | |||||
e) | Date of the transaction | 4 April 2022 | |||||
f) | Place of the transaction | London Stock Exchange, AIM | |||||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||
a) | Name | Gary Lamb | |||
2 | Reason for the notification | ||||
a) | Position/status | Chairman | |||
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: IM00BF0FMG91 | |||
b) | Nature of the transaction | Purchase of Ordinary Shares | |||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
199p
| 44,400
| ||||
d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction | |||
e) | Date of the transaction | 4 April 2022 | |||
f) | Place of the transaction | London Stock Exchange, AIM | |||
1 | Details of the person discharging managerial responsibilities / person closely associated | ||||||
a) | Name | Richard Sells | |||||
2 | Reason for the notification | ||||||
a) | Position/status | Non-Executive Director | |||||
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: IM00BF0FMG91 | |||||
b) | Nature of the transaction | Purchase of Ordinary Shares | |||||
c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||||
202p
| 9,894
| ||||||
d) | Aggregated information - Aggregated volume - Price |
N/A - Single transaction | |||||
e) | Date of the transaction | 4 April 2022 | |||||
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 (Nominated Advisor and Joint Broker) | +44 (0) 20 3829 5000 | ||||||
Nick Cowles / Jamie Peel / Jordan Warburton (Investment Banking) | |||||||
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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