This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of UK domestic law by virtue of the European
Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in
accordance with the Company's obligations under Article 17 of
MAR
Strix
Group Plc
("Strix",
the "Group" or the "Company")
Director
Dealing
Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with
them.
Strix Group Plc (AIM:
KETL), the global leader in the design,
manufacture and supply of kettle safety controls and other
complementary water temperature management
components, announces that Mark
Bartlett, the Chief Executive Officer has purchased 68,385 ordinary
shares of £0.01 each ("Ordinary Shares") at an average price of
72.75 pence per Ordinary Share.
Following this purchase, Mark Bartlett is
beneficially interested in 2,745,147 Ordinary Shares representing
1.26% of the issued share capital of the Company.
Director
|
Position
|
Ordinary Shares held
previously
|
% of total issued share capital held
previously
|
Number of ordinary shares
purchased
|
Resulting total number of Ordinary
Shares held
|
Resulting % of issued share capital
held
|
Mark Bartlett
|
Chief Executive Officer
|
2,676,762
|
1.22%
|
68,385
|
2,745,147
|
1.26%
|
The notification below, made in accordance with
the requirements of the EU Market Abuse Regulation as it forms part
of UK domestic law by virtue of the European Union (Withdrawal) Act
2018, provides further detail.
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 £0.01
ISIN: GB00BCCW4X83
|
b)
|
Nature of the transaction
|
Purchase of Ordinary
Shares
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
72.75p
|
68,385
|
d)
|
Aggregated information
- Aggregated
volume
- Price
|
N/A - Single transaction
|
e)
|
Date of the transaction
|
15 April 2024
|
f)
|
Place of the transaction
|
London Stock Exchange,
AIM
|
For further enquiries, please
contact:
|
|
Strix Group Plc
Mark Bartlett, CEO
Clare Foster, CFO
|
+44 (0) 1624 829829
|
Zeus (Nominated Advisor and Joint
Broker)
Nick Cowles / Jordan Warburton
(Investment Banking)
|
+44 (0) 20 3829 5000
|
Stifel Nicolaus Europe Limited
(Joint Broker)
Matthew Blawat / Francis
North
|
+44 (0) 20 7710 7600
|
IFC Advisory Limited (Financial PR
and IR) Graham Herring / Tim
Metcalfe / Florence Chandler
|
+44 (0) 20 3934 6630
|
|
|
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).