Strix Group PLC Grant of Options (4107N)
August 08 2017 - 5:29AM
UK Regulatory
TIDMKETL
RNS Number : 4107N
Strix Group PLC
08 August 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain
8 August 2017
Strix Group Plc
("Strix" or the "Company")
Grant of Options
Strix Group Plc (AIM: KETL), the designer, manufacturer and
supplier of kettle safety controls and other complementary water
temperature management components, announces that, further to the
intention disclosed in its AIM Admission Document dated 27 July
2017, it has today granted options over a total of 5,700,000
Ordinary Shares of 1p each ('Ordinary Shares') to Mark Bartlett
(CEO) and Raudres Wong (CFO).
The options have been granted at nil cost, and are subject to
earnings per share based performance conditions with a total
shareholder return underpin, as well as the recipients remaining
employed by Strix as at 31 December 2019.
Included within the total number of options granted of
5,700,000, are individual option grants over 3,800,000 and
1,900,000 Ordinary Shares, to Mark Bartlett and Raudres Wong
respectively.
Following these grants Mark Bartlett and Raudres Wong's total
interest in Ordinary Shares is as described below:
Name Ordinary Options
Shares held over
held Ordinary
Shares
Mark Bartlett 300,000 3,800,000
Raudres
Wong 300,000* 1,900,000
*held in the name of her husband, Wing Yip Fong
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 Initial notification
notification
/Amendment
--- ----------------- --------------------------
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 Ordinary shares of
of the 1p
financial
instrument, KETL ISIN: IM00BF0FMG91
type of
instrument
Identification
code
--- ----------------- --------------------------
b) Nature Grant of Option
of the
transaction
--- ----------------- --------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- ----------
0p 3,800,000
--------- ----------
--- ----------------- --------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ----------------- --------------------------
e) Date of 8 August 2017
the transaction
--- ----------------- --------------------------
f) Place of London Stock Exchange,
the transaction 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 Initial notification
notification
/Amendment
--- ----------------- --------------------------
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 Ordinary shares of
of the 1p
financial
instrument, KETL ISIN: IM00BF0FMG91
type of
instrument
Identification
code
--- ----------------- --------------------------
b) Nature Grant of Option
of the
transaction
--- ----------------- --------------------------
c) Price(s) Price(s) Volume(s)
and volume(s) --------- ----------
0p 1,900,000
--------- ----------
--- ----------------- --------------------------
d) Aggregated
information N/A - single transaction
- Aggregated
volume
- Price
--- ----------------- --------------------------
e) Date of 8 August 2017
the transaction
--- ----------------- --------------------------
f) Place of London Stock Exchange,
the transaction AIM
--- ----------------- --------------------------
Enquiries:
Strix Group Plc
Mark Bartlett (CEO) 01624 829
Raudres Wong (CFO) 829
Zeus Capital Limited
Nick Cowles / Jamie Peel / Jordan
Warburton (Corporate Finance)
Dominic King (Corporate Broking) 020 3829 5000
IFC Advisory Limited (Financial
PR & IR)
Graham Herring / Tim Metcalfe /
Heather Armstrong / Miles Nolan 020 3053 8671
This information is provided by RNS
The company news service from the London Stock Exchange
END
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