REG - Strix Group PLC - Grant of Options

StrixAnnouncement

20/05/2019 07:05

RNS Number : 4834Z
Strix Group PLC
20 May 2019
 


The information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.
 
20 May 2019
Strix Group Plc
("Strix" or the "Company")
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 that it granted options on 20 May 2019 over a total of 902,833 Ordinary Shares of 1p each in the Company ("Ordinary Shares") under the Strix Group Plc Long Term Incentive Plan ("LTIP").
Included within the 902,833 options granted are the following to Directors and PDMRs of the Company as part of their annual remuneration and incentivisation packages:
 











Number of options granted


Total number of options held




Mark Bartlett


Chief Executive Officer


198,398


4,206,815




Raudres Wong


Chief Financial Officer


196,267


2,288,137




Frank Gao


Chief Operating Officer


112,398


709,189



 
The remaining 395,770 options granted have been awarded to members of the Company's trading board. The options have been granted at nil cost, and 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 11,615,177.
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


Chief Executive Officer




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 1p
 
KETL ISIN: IM00BF0FMG91




b)


Nature of the transaction


Grant of Option




c)


Price(s) and volume(s)





 Price(s)


Volume(s)




0p


198,398








d)


Aggregated information
- Aggregated volume
- Price



N/A - single transaction




e)


Date of the transaction


20 May 2019




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


Chief Financial Officer




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 1p
 
KETL ISIN: IM00BF0FMG91




b)


Nature of the transaction


Grant of Option




c)


Price(s) and volume(s)





 Price(s)


Volume(s)




0p


196,267








d)


Aggregated information
- Aggregated volume
- Price



N/A - single transaction




e)


Date of the transaction


20 May 2019




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


Chief Operating Officer




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 1p
 
KETL ISIN: IM00BF0FMG91




b)


Nature of the transaction


Grant of Option




c)


Price(s) and volume(s)





 Price(s)


Volume(s)




0p


112,398








d)


Aggregated information
- Aggregated volume
- Price



N/A - single transaction




e)


Date of the transaction


20 May 2019




f)


Place of the transaction


London Stock Exchange, AIM



 
 
Enquiries:



Strix Group Plc


+44 (0) 1624 829 829




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)




 
Canaccord Genuity Limited (Joint Broker)


 
+44 (0) 20 7523 8000




Chris Connors


















IFC Advisory Limited (Financial PR and IR)


+44 (0) 20 3934 6630




Graham Herring / Heather Armstrong / Tim Metcalfe

















 
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHUKORRKBAVAUR