20 May 2019 07:00
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) |
| ||||
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) |
| ||||
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) |
| ||||
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 | |
Strix (KETL)