Strix Group PLC Exercise of warrants and issue of equity (0105H)
01 December 2020 - 6:00PM
UK Regulatory
TIDMKETL
RNS Number : 0105H
Strix Group PLC
01 December 2020
Strix Group Plc
("Strix", the "Group" or the "Company")
Exercise of warrants and issue of equity
The Board of Strix (AIM: KETL) announces that it has made an
application to the London Stock Exchange for the admission to
trading on AIM ("Admission") of 3,800,000 new ordinary shares of 1p
in the Company ("New Ordinary Shares").
The New Ordinary Shares are being issued pursuant to the
exercise of warrants to subscribe for new Ordinary Shares at a
price of 100p per Ordinary Share, generating proceeds of
GBP3,800,000 for the Company.
The warrants were granted to Zeus Capital (Strix's NOMAD and
Broker) at the time of the Company's IPO in 2017 and have been
exercised in order to satisfy institutional demand. Following the
exercise, the Company now has no warrants in issue.
The New Ordinary Shares will rank pari passu in all respects
with the Company's existing ordinary shares and Admission is
expected to become effective on 3 December 2020.
Total Voting Rights
From Admission the issued share capital of the Company will
consist of 205,871,088 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 205,871,088 .
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 +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)
Dominic King (Corporate Broking)
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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END
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