REG - Strix Group PLC - Exercise and Grant of Options and Issue of Equity
21/04/2022 16:00
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RNS Number : 9561I Strix Group PLC 21 April 2022
21 April 2022
Strix Group plc
("Strix" or the "Company")
Exercise of Options, Issue of Equity and Grant of Options
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 the Company has today issued
734,608 new ordinary shares of £0.01 each ("Ordinary Shares") in the Company
(the "Option Shares") pursuant to the exercise of options ("Options") under
the Strix Group Plc Long Term Incentive Plan ("LTIP"). The Options were
granted in May 2019 and April 2020 and vested and became exercisable from 21
April 2022 in accordance with the rules of the LTIP.
The Options were exercised by Mark Bartlett (Chief Executive Officer), Raudres
Wong (Chief Financial Officer), Frank Gao (Chief Operating Officer), Harry
Kyriacou (Chief Commercial Officer) and other employees.
Following the exercise of the options, the below directors and PDMRs have the
following interests in the share capital of the Company:
Director / PDMR Position Ordinary Shares held previously % of total issued share capital Number of Ordinary Shares over which options exercised Resulting total number of Ordinary Shares held % of enlarged issued share capital
Mark Bartlett Chief Executive Officer 2,545,127 1.23% 66,860 2,611,987 1.26%
Raudres Wong(1) Chief Financial Officer 1,824,275 0.88% 66,142 1,890,417 0.91%
Frank Gao Chief Operating Officer - - 37,878 37,878 0.02%
Harry Kyriacou Chief Commercial Officer - - 97,133 97,133 0.05%
TOTAL 4,369,402 2.11% 268,013 4,637,415 2.24%
(1) Shares held in the name of her husband, Wing Yip Fong
Admission and Total voting rights
Strix has made application to the London Stock Exchange for the issue of
securities in respect of 734,608 new Ordinary Shares to be admitted to trading
on AIM in relation to the exercise of the Option Shares and it is expected
that admission will become effective on 22 April 2022.
Following the admission of the new Ordinary Shares pursuant to the exercise of
share options and the issue of equity, the Company's issued share capital will
comprise 207,406,554 Ordinary Shares and may be used by shareholders in the
Company as the denominator for the calculations by which they will determine
if they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's Disclosure
Guidance and Transparency Rules. The Company does not hold any shares in
treasury.
Grant of Options
Strix also announces that it granted options today over a total of 590,967
Ordinary Shares under the LTIP.
Included within the 590,967 options granted are the following to Directors and
PDMRs of the Company as part of their annual remuneration and incentivisation
packages:
Director / PDMR Position Number of options granted Total number of unvested share options held
Mark Bartlett Chief Executive Officer 148,760 496,893
Raudres Wong Chief Financial Officer 131,262 434,915
Frank Gao Chief Operating Officer 76,446 249,463
Harry Kyriacou Chief Commercial Officer 54,236 175,360
TOTAL 410,704 1,329,631
In addition to the options awarded to Directors and PDMR's, 180,263 options
have been awarded to the Company's trading board. All options have been
granted at nil cost and for those granted to the Company's trading board these
are subject to performance conditions as determined by the Company's
Remuneration Committee.
Following these grants the total number of options over Ordinary Shares in
issue is 2,386,016 representing 1.2 per cent. of the issued share capital of
the Company.
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 Mark Bartlett
2 Reason for the notification
a) Position/status CEO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Exercise of Share Options
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 66,860
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Raudres Wong
2 Reason for the notification
a) Position/status CFO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Exercise of Share Options
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 66,142
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Frank Gao
2 Reason for the notification
a) Position/status COO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Exercise of Share Options
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 37,878
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Harry Kyriacou
2 Reason for the notification
a) Position/status CCO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Exercise of Share Options
c) Price(s) and volume(s)
Price(s) Volume(s)
Nil 97,133
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Mark Bartlett
2 Reason for the notification
a) Position/status CEO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 148,760
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Raudres Wong
2 Reason for the notification
a) Position/status CFO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 131,262
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Frank Gao
2 Reason for the notification
a) Position/status COO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 76,446
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Harry Kyriacou
2 Reason for the notification
a) Position/status CCO
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 Ordinary shares of £0.01
Identification code
ISIN: IM00BF0FMG91
b) Nature of the transaction Grant of Options
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 54,236
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
e) Date of the transaction 21 April 2022
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
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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