Exercise of options and issue of equity

RNS Number : 1377Y

Strix Group PLC

12 January 2022

 

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

Exercise of options and issue of equity

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 made an application to the London Stock Exchange for the admission to trading on AIM ("Admission") of 175,571 new ordinary shares of £0.01 each in the Company ("New Ordinary Shares").

The New Ordinary Shares are being issued to satisfy the exercise of options granted to Company employees under the Strix Group Plc Long Term Incentive Plan ("LTIP").

The New Ordinary Shares will be issued credited as fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares. It is expected that Admission will become effective on 13 January 2022.

Total Voting Rights

From Admission the issued share capital of the Company will consist of 206,671,946 Ordinary Shares, with one voting right per share. As the Company does not hold any Ordinary Shares in treasury, the total number of Ordinary Shares and voting rights in the Company will be 206,671,946.

From Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

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 AIM Market of the London Stock Exchange (AIM: KETL).

 

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