TIDMKETL
RNS Number : 8181I
Strix Group PLC
06 April 2020
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.
6 April 2020
Strix Group plc
("Strix" or the "Company")
Exercise of Options, Block Listing Application and Grant of
Options
Exercise of Options
Strix Group Plc (AIM: KETL), the global leader in the design,
manufacture and supply of kettle safety controls and other
complementary water products used in temperature control, steam
management and water filtration, announces that today Mark
Bartlett, Chief Executive officer, Raudres Wong, Chief Financial
Officer and Frank Gao, Chief Operating Officer, exercised share
options over 3,800,000, 1,900,000 and 510,000 ordinary shares of
GBP0.01 each ("Ordinary Shares") respectively. These share options
were granted on admission of the Company to trading on AIM on 7
August 2017 and all conditions set at that time have been
achieved.
Mark Bartlett and Raudres Wong have no intention to dispose of
any Ordinary Shares in the short to medium term.
Following the exercise of the options, the below directors and
PDMRs have the following interests in the share capital of the
Company:
Director Position Ordinary % of total Number Resulting % of enlarged
Shares issued of Ordinary total number issued
held previously share capital Shares of Ordinary share capital
over which Shares
options held
exercised
Chief Executive
Mark Bartlett Officer 300,000 0.16% 3,800,000 4,100,000 2.06%
----------------- ----------------- --------------- ------------- -------------- ---------------
Raudres Chief Financial
Wong(1) Officer 300,000 0.16% 1,900,000 2,200,000 1.11%
----------------- ----------------- --------------- ------------- -------------- ---------------
Chief Operating
Frank Gao Officer - - 510,000 510,000 0.26%
----------------- ----------------- --------------- ------------- -------------- ---------------
TOTAL 600,000 0.31% 6,210,000 6,810,000 3.42%
----------------- --------------- ------------- -------------- ---------------
(1) Shares held in the name of her husband, Wing Yip Fong
In addition, certain other employees of the Company have
exercised share options over 821,767 Ordinary Shares.
Strix has made application to the London Stock Exchange for the
issue of securities in respect of 7,031,767 new Ordinary Shares to
be admitted to trading on AIM in relation to the exercise of these
share options and it is expected that admission will become
effective on 7 April 2020.
Block Listing Application
Strix also today announces that an application has been made to
the London Stock Exchange for a block listing of securities in
respect of 1,152,439 new Ordinary Shares to be admitted to trading
on AIM.
These new Ordinary Shares will be issued from time to time in
order to satisfy the requirement to allot certain shares to
employees under the Strix Group 2017 Long Term Incentive Plan. It
is expected that admission will become effective on 7 April
2020.
New Ordinary Shares will be issued credited as fully paid and
will rank pari passu in all respects with the existing Ordinary
Shares of the Company.
Total voting rights
Following the admission of the new Ordinary Shares pursuant to
the exercise of share options and the Block Listing, the Company's
issued share capital will comprise 198,878,852 Ordinary Shares and
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 in their interest in, the
share capital of the Company under the FCA's Disclosure Guidance
and Transparency Rules. The Company does not hold any shares in
treasury.
Grant of Options
Strix also announces that it granted options today over a total
of 1,275,420 Ordinary Shares under the Strix Group Plc Long Term
Incentive Plan.
Included within the 1,275,420 options granted are the following
to Directors and PDMRs of the Company as part of their annual
remuneration and incentivisation packages:
Director Position Number of options Total number
granted of unvested
share options
held
Chief Executive
Mark Bartlett Officer 197,138 603,953
----------------- ------------------ ---------------
Chief Financial
Raudres Wong Officer 196,060 584,197
----------------- ------------------ ---------------
Chief Operating
Frank Gao Officer 109,297 308,486
----------------- ------------------ ---------------
TOTAL 502,496 1,496,637
------------------ ---------------
Of the remaining 772,925 options granted, 235,177 have been
awarded to members of the Company's trading board and 537,748 to
other employees. All options have been granted at nil cost and for
those granted to the Company's trading board these are subject to
performance conditions as determined by the Company's Remuneration
Committee. Those granted to other employees are subject to
remaining in employment with the Company for two years post being
granted or specific individual strategic objectives.
Following these grants the total number of options over Ordinary
Shares in issue is 3,585,590 representing 1.80 per cent. of the
issued share capital of the Company.
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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Mark Bartlett
---------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CEO
---------------------------------- ----------------------------
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 Ordinary shares of GBP0.01
instrument, type of instrument
Identification code ISIN: GB00BCCW4X83
---------------------------------- ----------------------------
b) Nature of the transaction Exercise of Share Options
---------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0p 3,800,000
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 6 April 2020
---------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ----------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Raudres Wong
---------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status CFO
---------------------------------- ----------------------------
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 Ordinary shares of GBP0.01
instrument, type of instrument
Identification code ISIN: GB00BCCW4X83
---------------------------------- ----------------------------
b) Nature of the transaction Exercise of Share Options
---------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0p 1,900,000
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 6 April 2020
---------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ----------------------------
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Frank Gao
---------------------------------- ----------------------------
2 Reason for the notification
----------------------------------------------------------------
a) Position/status COO
---------------------------------- ----------------------------
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 Ordinary shares of GBP0.01
instrument, type of instrument
Identification code ISIN: GB00BCCW4X83
---------------------------------- ----------------------------
b) Nature of the transaction Exercise of Share Options
---------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
0p 510,000
----------
---------------------------------- ----------------------------
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price
---------------------------------- ----------------------------
e) Date of the transaction 6 April 2020
---------------------------------- ----------------------------
f) Place of the transaction London Stock Exchange, AIM
---------------------------------- ----------------------------
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 Initial 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 of Ordinary shares of GBP0.01
the financial
instrument, type ISIN: GB00BCCW4X83
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 0p 197,138
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 6 April 2020
------------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
------------------------------ --------------------------------
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 Initial 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 of Ordinary shares of GBP0.01
the financial
instrument, type ISIN: GB00BCCW4X83
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 0p 196,060
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 6 April 2020
------------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
------------------------------ --------------------------------
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 Initial 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 of Ordinary shares of GBP0.01
the financial
instrument, type ISIN: GB00BCCW4X83
of instrument
Identification
code
------------------------------ --------------------------------
b) Nature of the Grant of Options
transaction
------------------------------ --------------------------------
c) Price(s) and Price(s) Volume(s)
volume(s) 0p 109,297
----------
------------------------------ --------------------------------
d) Aggregated information
- Aggregated N/A - single transaction
volume
- Price
------------------------------ --------------------------------
e) Date of the transaction 6 April 2020
------------------------------ --------------------------------
f) Place of the London Stock Exchange, AIM
transaction
------------------------------ --------------------------------
Further enquiries, please contact:
Strix Group Plc
Mark Bartlett, CEO
Raudres Wong, CFO +44 (0) 1624 829829
Zeus Capital Limited (Nominated Advisor
and Joint Broker)
Nick Cowles / Jamie Peel / Jordan
Warburton (Corporate Finance) +44 (0) 20 3829 5000
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).
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
DSHFLFEASFIEIII
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