Director Dealing

RNS Number : 2049W

Strix Group PLC

21 April 2021

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

Strix Group Plc ("Strix" or the "Company")

Director Dealing

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

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 Strix Group Plc's Chairman Gary Lamb has transferred 250,000 ordinary shares of £0.01 each ("Ordinary Shares") from his investment vehicle, GEL Investments Limited, at nil value to his former spouse.

Following this transaction, Gary is interested in 250,000 Ordinary Shares representing 0.12 per cent. of the issued share capital of the Company.

Director	Position	Ordinary Shares held previously	% of total issued share capital held previously	Number of ordinary shares transferred	Resulting total number of Ordinary Shares held	Resulting % of issued share capital held
Gary Lamb	Chairman	500,000	0.24%	250,000	250,000	0.12%

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	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	Transfer of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			Nil	250,000
d)	Aggregated information - Aggregated volume - Price	250,000 Nil
e)	Date of the transaction	21 April 2021
f)	Place of the transaction	London Stock Exchange, AIM

For further enquiries, please contact:
Strix Group Plc	Tel: [phone]
Mark Bartlett, CEO
Raudres Wong, CFO
Zeus Capital Limited (Nominated Advisor and Joint Broker)	[phone]
Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)
Stifel Nicolaus Europe Limited (Joint Broker)	[phone]
Matthew Blawat / Francis North
IFC Advisory Limited (Financial PR and IR)	[phone]
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 Alternative Investment Market of the London Stock Exchange (AIM: KETL). 

 

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