REG - Strix Group PLC - Confirmation of Final Dividend and Notice of AGM

StrixAnnouncement

03/05/2022 07:16

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RNS Number : 9437J  Strix Group PLC  03 May 2022

3 May 2022

Strix Group Plc

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

Confirmation of Final Dividend, Annual Report and Notice of AGM

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 a reconfirmation of its final
dividend, and in addition, has made available today to shareholders its Annual
Report and Accounts for the year ended 31 December 2021, together with the
Notice of 2022 Annual General Meeting ("AGM").

 

Final Dividend

 

Following the strong financial performance in 2021, and having reviewed the
Group's overall financial position, current prospects and balance sheet
requirements, the Board reconfirms its recommendation of a final dividend of
5.6 pence.  This will bring the full year dividend to 8.35 pence.  The final
dividend will be paid on 10 June 2022 to shareholders on the register at 13
May 2022, and the shares will trade ex-dividend from 12 May 2022. As
previously communicated, it is the Board's intention to continue to increase
the dividend in line with future underlying earnings.

 

Annual Report, Notice of AGM and AGM Procedures

 

Copies of the Annual Report and Accounts for the year ended 31 December 2021
and the Notice of AGM, are now available to view on the Company's
website, www.strixplc.com (http://www.strixplc.com/) and have also been
posted to shareholders.

 

The AGM will be held at 9:00am (BST) on Thursday 26 May 2022 at the Company's
Head Office, located at Forrest House, Ronaldsway, Isle of Man IM9 2RG.

 

With COVID-19 restrictions now lifted in the Isle of Man and the UK, subject
to any unforeseen changes, we expect it to be possible for shareholders to
attend this year's AGM in person. However, the Board strongly urges
shareholders to continue to comply with Government public health instructions
with respect to personal responsibility for COVID-19 if they wish to attend in
person. This includes taking appropriate precautions to protect themselves and
other attendees by way of taking a Lateral Flow Test at least 24 hours prior
to the meeting, staying at home if at risk or if unwell and adhering to strict
hygiene arrangements when at the AGM premises.

 

Whether or not shareholders propose to attend the AGM, the Company encourages
all shareholders to complete and submit a proxy form in accordance with the
instructions detailed in the Notice of the AGM.

 

Proxy votes will be announced via the Regulatory News Service ("RNS") and
placed on our website as soon as practicable after the conclusion of the AGM.

 

The Board believes that the resolutions contained in the Notice of AGM
continue to be in the best interests of the Company and its shareholders as a
whole and recommends that shareholders vote in favour of them.

 

Any changes to the arrangements for the AGM (including any change to the
location or as a result of the publication of any further Government public
health instructions) which the Board considers appropriate will be
communicated to shareholders before the meeting through the Company's website
at www.strixplc.com and, where appropriate, by an announcement through the
RNS. Shareholders are advised to check the Company's website for updates.

 

Further enquiries, please contact:

 Strix Group Plc                                                    +44 (0) 1624 829829

 Mark Bartlett, CEO

 Raudres Wong, CFO

 Zeus (Nominated Adviser and Joint Broker)                          +44 (0) 20 3829 5000

 Nick Cowles / Jamie Peel / Jordan Warburton (Investment Banking)

 Stifel Nicolaus Europe Limited (Joint Broker)                       +44 (0) 20 7710 7600
 Matthew Blawat / Francis North

 IFC Advisory Limited (Financial PR and IR)                         +44 (0) 20 3934 6630
 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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