Result of Annual General Meeting

Strix Group PLC

20 June 2024

 

20 June 2024

Strix Group Plc

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

Result of Annual General Meeting

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 all resolutions were passed via poll at the Annual General Meeting held on 20 June 2024.

A summary of the votes is presented below:

#	Resolution description	Votes 'for'	% of votes cast	Votes 'against'	% of votes cast	Votes withheld
1	To receive the annual accounts of the Company for the year ended 31 December 2023	76,126,592	99.99%	10,736	0.01%	53,787
2	To approve the Directors' Remuneration report for the financial year ended 31 December 2023 (advisory vote).	74,655,319	98.06%	1,475,661	1.94%	60,135
3	To re-elect Gary Lamb as a director.	66,480,910	87.32%	9,657,647	12.68%	52,558
4	To re-elect Mark Bartlett as a director.	75,975,341	99.79%	163,216	0.21%	52,558
5	To re-elect Mark Kirkland as a director.	47,820,287	62.81%	28,318,270	37.19%	52,558
6	To re-elect Richard Sells as a director.	66,457,568	87.28%	9,681,215	12.72%	52,332
7	To re-elect Clare Foster as a director.	75,976,636	99.79%	163,520	0.21%	50,959
8	To appoint PricewaterhouseCoopers LLC as auditor of the Company	75,196,550	98.77%	940,233	1.23%	54,332
9	To authorise the Directors to determine the remuneration of the auditor	73,494,512	96.48%	2,678,597	3.52%	18,006
10	To authorise the Directors to allot ordinary shares up to the limits set out in the notice of AGM	65,661,596	86.20%	10,513,847	13.80%	15,672
11	To authorise Directors to dis-apply pre-emption rights up to the limits set out in the notice of AGM	69,528,452	91.27%	6,646,991	8.73%	15,672
12	To authorise Directors to dis-apply pre-emption rights in respect of an additional 5% of the Company's issued share capital	65,633,087	86.16%	10,542,356	13.84%	15,672
13	To authorise the Directors to make market purchases of ordinary shares up to the limits set out in the notice of the AGM	75,244,822	98.78%	931,901	1.22%	14,392

Statement regarding voting result

We are pleased to have received the support of our shareholders for all of the resolutions proposed at the AGM.

We will continue to monitor the level of support for each resolution in the future, and where needed we will discuss with shareholders and proxy advisors to understand any concerns.

The Board notes that while Resolution 5 was approved, which gave shareholders the opportunity to cast votes on the reappointment of Mark Kirkland as a Non-Executive Director, 37.43% of the votes cast were votes against Resolution 5.

The Board will reflect on the result of Resolution 5, and the Nomination Committee will engage with the shareholders to understand any concerns.

For further enquiries, please contact:

Strix Group Plc	[phone]
Mark Bartlett, CEO
Clare Foster, CFO
Zeus (Nominated Advisor and Joint Broker)	[phone]
Nick Cowles / Jordan Warburton (Investment Banking) Dominic King (Corporate Broking)
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

The person responsible for arranging release of this Announcement on behalf of the Company is Mark Bartlett.

Information on Strix

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). 

 

END