Grant of Options

RNS Number : 1526O

Strix Group PLC

16 August 2017

 

16 August 2017

Strix Group Plc

("Strix" or the "Company")

Grant of Options

Strix Group Plc (AIM: KETL), the designer, manufacturer and supplier of kettle safety controls and other complementary water temperature management components, announces that, further to the intention disclosed in its AIM Admission Document dated 27 July 2017, it granted options on 15 August 2017 over a total of 3,431,505 Ordinary Shares of 1p each ('Ordinary Shares'), including an option over 510,000 Ordinary Shares being granted to Frank Gao (Chief Operating Officer).

The options have been granted at nil cost, and are subject to performance conditions as determined by the Company's remuneration committee.

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	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)	Price(s) Volume(s) 0p 510,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	15 August 2017
f)	Place of the transaction	London Stock Exchange, AIM

Enquiries:

Strix Group Plc Mark Bartlett (CEO) Raudres Wong (CFO)	01624 829 829
Zeus Capital Limited Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance) Dominic King (Corporate Broking)	020 3829 5000
IFC Advisory Limited (Financial PR & IR) Graham Herring / Tim Metcalfe / Heather Armstrong / Miles Nolan	020 3053 8671

 

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