REG - Strix Group PLC - Director Dealing
RNS Number : 2049WStrix Group PLC21 April 2021This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.
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 that Strix Group Plc's Chairman Gary Lamb has transferred 250,000 ordinary shares of £0.01 each ("Ordinary Shares") from his investment vehicle, GEL Investments Limited, at nil value to his former spouse.
Following this transaction, Gary is interested in 250,000 Ordinary Shares representing 0.12 per cent. of the issued share capital of the Company.
Director
Position
Ordinary Shares held previously
% of total issued share capital held previously
Number of ordinary shares transferred
Resulting total number of Ordinary Shares held
Resulting % of issued share capital held
Gary Lamb
Chairman
500,000
0.24%
250,000
250,000
0.12%
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
Gary Lamb
2
Reason for the notification
a)
Position/status
Chairman
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: IM00BF0FMG91
b)
Nature of the transaction
Transfer of Ordinary Shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
250,000
d)
Aggregated information
- Aggregated volume
- Price
250,000
Nil
e)
Date of the transaction
21 April 2021
f)
Place of the transaction
London Stock Exchange, AIM
For further enquiries, please contact:
Strix Group Plc
Tel: +44 (0) 1624 829829
Mark Bartlett, CEO
Raudres Wong, CFO
Zeus Capital Limited (Nominated Advisor and Joint Broker)
+44 (0) 20 3829 5000
Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)
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 Alternative Investment Market of the London Stock Exchange (AIM: KETL).
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