Director Dealings

RNS Number : 2317H

Strix Group PLC

05 April 2022

 

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

 Director Dealings

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 Mark Bartlett, the Chief Executive Officer, Raudres Wong, the Chief Financial Officer and Gary Lamb, the Chairman, have purchased 134,249, 22,200 and 44,400 ordinary shares of £0.01 each ("Ordinary Shares") respectively at a price of 199 pence per Ordinary Share.

Richard Sells, a Non-executive Director, has also notified Strix that he has purchased 9,894 Ordinary Shares at a price of 202 pence per Ordinary Share.

Following the purchases, Mark, Raudres, Gary and Richard hold the following interests in the share capital of the Company.  

Director	Position	Ordinary Shares held previously	% of total issued share capital held previously	Number of ordinary shares purchased	Resulting total number of Ordinary Shares held	Resulting % of issued share capital held
Mark Bartlett	Chief Executive Officer	2,410,878	1.17%	134,249	2,545,127	1.23%
Raudres Wong1	Chief Financial Officer	1,802,075	0.87%	22,200	1,824,275	0.88%
Gary Lamb2	Chairman	250,000	0.12%	44,400	294,400	0.14%
Richard Sells	Non-Executive Director	-	-	9,894	9,894	0.00%

¹   Shares held in the name of her husband, Wing Yip Fong

² Shares registered in the name of GEL Investments Limited, a company controlled by Gary Lamb

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	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 £0.01 ISIN: IM00BF0FMG91
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			199p	134,249
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	4 April 2022
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 £0.01 ISIN: IM00BF0FMG91
b)	Nature of the transaction	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)		Volume(s)
			199p		22,200
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	4 April 2022
f)	Place of the transaction	London Stock Exchange, AIM

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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			199p	44,400
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	4 April 2022
f)	Place of the transaction	London Stock Exchange, AIM

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Richard Sells
2	Reason for the notification
a)	Position/status	Non-Executive Director
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	Purchase of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)		Volume(s)
			202p		9,894
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	4 April 2022
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 (Nominated Advisor and Joint Broker)					[phone]
Nick Cowles / Jamie Peel / Jordan Warburton (Investment Banking)
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 AIM Market of the London Stock Exchange (AIM: KETL).

 

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