Last checked at 22 Apr 2022 16:02
22 April 2022
Strix Group plc
("Strix" or the "Company")
PDMR Dealing
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 Harry Kyriacou, Chief Commercial Officer, has sold 48,566 ordinary shares of £0.01 each ("Ordinary Shares") at an average price of 209.7671 pence per Ordinary Share. The sale is primarily to finance the income tax and National Insurance liabilities relating to the exercise of Company options announced on 21 April 2022.Following this disposal, Harry now holds 48,567 Ordinary Shares representing approximately 0.02% of the current Issued Share Capital of the Company.The notification below, made in accordance with the requirements of the EU Market Abuse Regulation as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, 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 | Harry Kyriacou | ||||
2 | Reason for the notification | |||||
a) | Position/status | CCO | ||||
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 | Sale of Ordinary Shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 22 April 2022 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Further enquiries, please contact:
Strix Group Plc Mark Bartlett, CEO Raudres Wong, CFO
| +44 (0) 1624 829829 | |
Zeus (Nominated Adviser and Joint Broker) Nick Cowles / Jamie Peel / Jordan Warburton (Investment Banking)
| +44 (0) 20 3829 5000 | |
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).