REG - Strix Group PLC - Share Buyback Programme

StrixAnnouncement

04/02/2026 07:00

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RNS Number : 5943R  Strix Group PLC  04 February 2026

4 February 2026

 

Strix Group Plc

 

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

 

Share Buyback Programme

Strix Group Plc (AIM:KETL), the 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,
announces the commencement of a share buyback programme in respect of its
ordinary shares of £0.01 each in the capital of the Company ("Ordinary
Shares") up to a maximum aggregate consideration of £10 million ("Maximum
Amount") (the "Buyback Programme").

On 3 February 2026, the Company entered into a non-discretionary arrangement
with its brokers, Zeus Capital Limited ("Zeus") and Stifel Nicolaus Europe
Limited ("Stifel") (together the "Brokers"), to enable the Brokers to conduct
the Buyback Programme on its behalf on a broker-managed basis, with trading
decisions being taken independently of the Company, albeit subject to certain
limitations (including in respect of the maximum price payable per Ordinary
Share). The Buyback Programme will be effected within the parameters of the
Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation
2016/1052/EU, each as incorporated into UK domestic law by the European Union
(Withdrawal) Act 2018.

The Buyback Programme is in accordance with the terms of the Company's
authority to make market purchases of its own Ordinary Shares granted to it by
shareholders on 10 July 2025 (the "Authority"), including that the maximum
price paid per Ordinary Share shall not exceed the higher of: (a) 105 per
cent. of the average trading price of the Ordinary Shares as derived from the
middle market quotations for an Ordinary Share on the London Stock Exchange
Daily Official List for the five trading days immediately preceding the date
on which an Ordinary Share is contracted to be purchased; and (b) the higher
of the price of the last independent trade and the highest current independent
bid on the trading venue where the purchase is carried out.

The Buyback Programme commences today and, unless terminated by the Company,
will end on the expiration of the Authority or, if earlier, the date upon
which the aggregate consideration paid for Ordinary Shares reaches the Maximum
Amount (the "Buyback Period"). Purchases of Ordinary Shares will continue
independently of and uninfluenced by the Company during any closed period to
which the Company is subject and/or if the Company comes into possession of
inside information. There is no guarantee that the Buyback Programme will be
implemented in full.

It is expected that any Ordinary Shares acquired pursuant to the Buyback
Programme will be initially held in treasury and then cancelled periodically.
No Ordinary Shares will be sold by any member of the Board as part of the
Buyback Programme.

The Company intends to announce any purchase of Ordinary Shares under the
Buyback Programme on the business day following the calendar day on which the
relevant purchase occurred.

For further enquiries, please contact:

 

 Strix Group Plc                                         +44 (0) 1624 829829
 Gary Lamb, Chairman

 Mark Bartlett, CEO

 Clare Foster, CFO

 Zeus (Nominated Advisor and Joint Broker)               +44 (0) 20 3829 5000
 Jordan Warburton / Louisa Waddell (Investment Banking)

 Dominic King (Corporate Broking)

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

 Gracechurch Group (Financial PR and IR)                 +44 (0) 204 582 3500
 Heather Armstrong / Claire Norbury

 

 

Information on Strix

 

Founded in 1982, 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 has built up market leading capability and know-how, expanding into
complementary products and technologies. The Group's brands include Aqua
Optima and LAICA providing our customers with market leading water solutions
on a global basis.

 

Strix is quoted on the AIM Market of the London Stock Exchange (AIM: KETL).

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