REG - Strix Group PLC - Result of Annual General Meeting

StrixAnnouncement

04/07/2023 15:15

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RNS Number : 9510E  Strix Group PLC  04 July 2023

 

Strix Group Plc

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

Result of Annual General Meeting

 

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 that all resolutions were passed
via poll at the Annual General Meeting held on 4 July 2023.

 

A summary of the votes is presented below:

 

 #   Resolution description                                                         Votes 'for'  % of votes cast  Votes 'against'  % of votes cast  Votes withheld
 1   To receive the annual accounts of the Company for the year ended 31 December   102,845,939  99.99%           14,295           0.01%            -
     2022
 2   To approve the Directors' Remuneration report for the financial year ended 31  98,399,612   97.87%           2,139,263        2.13%            2,321,359
     December 2022 (advisory vote).
 3   To declare a final dividend of 3.25 pence per share                            102,073,257  99.23%           786,977          0.77%            -
 4   To re-elect Gary Lamb as a director.                                           91,378,212   91.16%           8,863,860        8.84%            2,618,162
 5   To re-elect Mark Bartlett as a director.                                       102,799,507  99.94%           59,235           0.06%            1,492
 6   To re-elect Raudres Wong as a director.                                        101,797,153  99.94%           61,589           0.06%            1,001,492
 7   To re-elect Mark Kirkland as a director.                                       96,255,421   95.78%           4,236,102        4.22%            2,368,711
 8   To re-elect Richard Sells as a director                                        102,799,507  99.94%           59,235           0.06%            1,492
 9   To appoint PricewaterhouseCoopers LLC as auditor of the Company                102,026,332  99.96%           41,834           0.04%            792,068
 10  To authorise the Directors to determine the remuneration of the auditor        102,812,395  99.97%           27,326           0.03%            20,513
 11  To authorise the Directors to allot ordinary shares up to the limits set out   90,592,115   88.02%           12,260,998       11.91%           3,121
     in the notice of AGM
 12  To authorise Directors to dis-apply pre-emption rights up to the limits set    102,742,020  99.83%           111,093          0.11%            3,121
     out in the notice of AGM
 13  To authorise Directors to dis-apply pre-emption rights in respect of an        87,487,205   85.00%           15,365,908       14.93%           3,121
     additional 5% of the Company's issued share capital
 14  To authorise the Directors to make market purchases of ordinary shares up to   78,075,751   98.80%           875,815          1.11%            23,904,668
     the limits set out in the notice of the AGM

 

Statement regarding voting result

 

We are pleased to have received the support of our shareholders for all of the
resolutions proposed at the AGM, and we are satisfied with the level of
support for each resolution. We are also pleased with the percent of shares
voted on. We will continue to monitor the level of support for each resolution
in the future, and where needed we will discuss with shareholders and proxy
advisors to understand any concerns.

 

For further enquiries, please contact:

 

 Strix Group Plc                                                    +44 (0) 1624 829829

 Mark Bartlett, CEO

 Raudres Wong, CFO

 Zeus (Nominated Advisor 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 trades on the AIM Market of the London Stock Exchange (AIM: KETL).

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