REG - Strix Group PLC - Exercise of options and issue of equity

StrixAnnouncement

12/01/2022 07:00

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RNS Number : 1377Y  Strix Group PLC  12 January 2022

Strix Group Plc

("Strix" or the "Company")

Exercise of options and issue of equity

 

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 made an application to the London Stock
Exchange for the admission to trading on AIM ("Admission") of 175,571 new
ordinary shares of £0.01 each in the Company ("New Ordinary Shares").

 

The New Ordinary Shares are being issued to satisfy the exercise of options
granted to Company employees under the Strix Group Plc Long Term Incentive
Plan ("LTIP").

 

The New Ordinary Shares will be issued credited as fully paid and will rank
pari passu in all respects with the Company's existing Ordinary Shares. It is
expected that Admission will become effective on 13 January 2022.

 

Total Voting Rights

 

From Admission the issued share capital of the Company will consist of
206,671,946 Ordinary Shares, with one voting right per share. As the Company
does not hold any Ordinary Shares in treasury, the total number of Ordinary
Shares and voting rights in the Company will be 206,671,946.

 

From Admission, the above figure 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 to their interest in, the
share capital of the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 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 AIM Market of the London Stock Exchange
(AIM: KETL).

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