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  2. Share Prices
  3. Strix Share Price
  4. Strix Share Regulatory News
  5. Proposed Acquisition

Pin to quick picksStrix Regulatory News (KETL)

Strix Information

Share Price Information for Strix (KETL)

London Stock Exchange
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Share Price: 77.80
Bid: 77.70
Ask: 78.10
Change: 0.00 (0.00%)
Spread: 0.40 (0.515%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 77.80
KETL Live PriceLast checked at -

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Proposed Acquisition

7 Feb 2019 07:00

RNS Number : 3094P
Strix Group PLC
07 February 2019
 

7th February 2019

Strix Group Plc

 

("Strix" or the "Group")

 

Proposed Acquisition

 

Strix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is pleased to announce it has made an offer, subject to certain conditions, to acquire specified assets from HaloSource Corporation ("Halosource") for approximately $1.3m in cash.

 

Halosource is a clean water technology company, admitted to trading on AIM, with operations in the US and China. Strix has offered to acquire certain US and Chinese assets which will assist in accelerating its strategy to expand and grow its water filtration division.

 

The acquisition is subject, amongst other things, to the negotiation of mutually acceptable legal documentation and the approval of HaloSource shareholders.

 

Strix will make a further announcement in due course.

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 / Michael Reynolds

IFC Advisory Limited (Financial PR and IR)

+44 (0) 20 3934 6630

Graham Herring / Tim Metcalfe / Heather Armstrong

 

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). 

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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Date   Source Headline
21st Mar 20197:00 amRNSFinal Results
8th Mar 20197:00 amRNSCompletion of Acquisition
7th Feb 20197:00 amRNSProposed Acquisition
22nd Jan 20197:00 amRNSPre-Close Trading Update
17th Dec 20187:00 amRNSLaunch of Aqua Optima Recycling Initiative
12th Dec 20187:00 amRNSFurther Successful Patent and IP Protection
29th Nov 20187:00 amRNSAppointment of Joint Broker
1st Nov 20187:00 amRNSGrant of Options
19th Sep 20187:00 amRNSInterim Results
12th Sep 20184:04 pmRNSHolding(s) in Company
7th Sep 20181:40 pmRNSHolding(s) in Company
30th Aug 20187:00 amRNSCoffee Machine Collaboration
23rd Jul 20185:15 pmRNSHolding(s) in Company
18th Jul 20187:00 amRNSTrading Update
16th Jul 201812:10 pmRNSHolding(s) in Company
5th Jul 20184:26 pmRNSHolding(s) in Company
28th Jun 20183:40 pmRNSHolding(s) in Company
24th May 201812:30 pmRNSResult of AGM
23rd May 20187:00 amRNSSuccessful Patent and IP Protection
3rd May 201812:00 pmRNSHolding(s) in Company
30th Apr 20187:00 amRNSAnnual report and Notice of AGM
9th Apr 20185:40 pmRNSHolding(s) in Company
22nd Mar 20187:00 amRNSPreliminary Results
6th Mar 20187:00 amRNSDirectorate Change
2nd Mar 20187:00 amRNSAqua Optima contract win
22nd Jan 20187:00 amRNSTrading Update
15th Jan 201812:08 pmRNSHolding(s) in Company
22nd Dec 20179:30 amRNSHolding(s) in Company
20th Dec 20177:00 amRNSHolding(s) in Company
30th Nov 20174:25 pmRNSHolding(s) in Company
21st Nov 20177:00 amRNS2 Billion Products sold
25th Oct 20175:15 pmRNSHolding(s) in Company
16th Oct 201710:15 amRNSHolding(s) in Company
27th Sep 20177:00 amRNSInterim Results
26th Sep 20177:00 amRNSChange of Registered Address
25th Sep 201712:15 pmRNSHolding(s) in Company
14th Sep 20177:00 amRNSNotice of Results
25th Aug 20179:00 amRNSHolding(s) in Company
16th Aug 201710:50 amRNSGrant of Options
10th Aug 20174:23 pmRNSHolding(s) in Company
10th Aug 201710:45 amRNSHolding(s) in Company
9th Aug 201711:00 amRNSHolding(s) in Company
8th Aug 201711:29 amRNSGrant of Options
8th Aug 201710:41 amRNSHolding(s) in Company
8th Aug 20177:00 amRNSAdmission to Trading on AIM
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