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Pin to quick picksStrix Regulatory News (KETL)

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Grant of Options

20 May 2019 07:00

RNS Number : 4834Z
Strix Group PLC
20 May 2019
 

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.

 

20 May 2019

Strix Group Plc

("Strix" or the "Company")

Grant of Options

 

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 it granted options on 20 May 2019 over a total of 902,833 Ordinary Shares of 1p each in the Company ("Ordinary Shares") under the Strix Group Plc Long Term Incentive Plan ("LTIP").

Included within the 902,833 options granted are the following to Directors and PDMRs of the Company as part of their annual remuneration and incentivisation packages:

 

Number of options granted

Total number of options held

Mark Bartlett

Chief Executive Officer

198,398

4,206,815

Raudres Wong

Chief Financial Officer

196,267

2,288,137

Frank Gao

Chief Operating Officer

112,398

709,189

 

The remaining 395,770 options granted have been awarded to members of the Company's trading board. The options have been granted at nil cost, and are subject to performance conditions as determined by the Company's Remuneration Committee.

Following these grants the total number of options over Ordinary Shares in issue is 11,615,177.

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

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

 

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 1p

 

KETL ISIN: IM00BF0FMG91

b)

Nature of the transaction

Grant of Option

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

0p

198,398

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

20 May 2019

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 1p

 

KETL ISIN: IM00BF0FMG91

b)

Nature of the transaction

Grant of Option

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

0p

196,267

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

20 May 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Frank Gao

2

Reason for the notification

a)

Position/status

Chief Operating 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 1p

 

KETL ISIN: IM00BF0FMG91

b)

Nature of the transaction

Grant of Option

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

0p

112,398

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

20 May 2019

f)

Place of the transaction

London Stock Exchange, AIM

 

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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