Director Dealing

RNS Number : 4386E

Strix Group PLC

05 November 2020

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014.  UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA THE REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN

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 of the sale of 700,000 ordinary shares of £0.01 each ("Ordinary Shares") today by Strix Group Plc's Chief Executive Officer Mark Bartlett.

This transaction represents Mark Bartlett's first sale of any shares in the Company prior to and since Strix Group Plc was admitted to AIM in 2017 and the purpose of the sale is to provide liquidity in order to fund a property purchase on the Isle of Man, where the Company is headquartered.

Director	Position	Ordinary Shares held previously	% of total issued share capital held previously	Number of ordinary shares sold	Resulting total number of Ordinary Shares held	Resulting % of issued share capital held
Mark Bartlett	Chief Executive Officer	4,100,000	2.06%	700,000	3,400,000	1.71%

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: GB00BCCW4X83
b)	Nature of the transaction	Sale of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			236p	700,000
d)	Aggregated information - Aggregated volume - Price	700,000 236p
e)	Date of the transaction	5 November 2020
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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