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STRIX GROUP PLC
Share Issue/Capital Change • Apr 21, 2022
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Share Issue/Capital Change
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National Storage Mechanism | Additional information 
RNS Number : 9561I
Strix Group PLC
21 April 2022
21 April 2022
Strix Group plc
("Strix" or the "Company")
Exercise of Options, Issue of Equity and 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 the Company has today issued 734,608 new ordinary shares of £0.01 each ("Ordinary Shares") in the Company (the "Option Shares") pursuant to the exercise of options ("Options") under the Strix Group Plc Long Term Incentive Plan ("LTIP"). The Options were granted in May 2019 and April 2020 and vested and became exercisable from 21 April 2022 in accordance with the rules of the LTIP.
The Options were exercised by Mark Bartlett (Chief Executive Officer), Raudres Wong (Chief Financial Officer), Frank Gao (Chief Operating Officer), Harry Kyriacou (Chief Commercial Officer) and other employees.
Following the exercise of the options, the below directors and PDMRs have the following interests in the share capital of the Company:
| Director / PDMR | Position | Ordinary Shares held previously | % of total issued share capital | Number of Ordinary Shares over which options exercised | Resulting total number of Ordinary Shares held | % of enlarged issued share capital |
| Mark Bartlett | Chief Executive Officer | 2,545,127 | 1.23% | 66,860 | 2,611,987 | 1.26% |
| Raudres Wong1 | Chief Financial Officer | 1,824,275 | 0.88% | 66,142 | 1,890,417 | 0.91% |
| Frank Gao | Chief Operating Officer | - | - | 37,878 | 37,878 | 0.02% |
| Harry Kyriacou | Chief Commercial Officer | - | - | 97,133 | 97,133 | 0.05% |
| TOTAL | 4,369,402 | 2.11% | 268,013 | 4,637,415 | 2.24% |
1 Shares held in the name of her husband, Wing Yip Fong
Admission and Total voting rights
Strix has made application to the London Stock Exchange for the issue of securities in respect of 734,608 new Ordinary Shares to be admitted to trading on AIM in relation to the exercise of the Option Shares and it is expected that admission will become effective on 22 April 2022.
Following the admission of the new Ordinary Shares pursuant to the exercise of share options and the issue of equity, the Company's issued share capital will comprise 207,406,554 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 590,967 Ordinary Shares under the LTIP.
Included within the 590,967 options granted are the following to Directors and PDMRs of the Company as part of their annual remuneration and incentivisation packages:
| Director / PDMR | Position | Number of options granted | Total number of unvested share options held |
| Mark Bartlett | Chief Executive Officer | 148,760 | 496,893 |
| Raudres Wong | Chief Financial Officer | 131,262 | 434,915 |
| Frank Gao | Chief Operating Officer | 76,446 | 249,463 |
| Harry Kyriacou | Chief Commercial Officer | 54,236 | 175,360 |
| TOTAL | 410,704 | 1,329,631 |
In addition to the options awarded to Directors and PDMR's, 180,263 options have been awarded to the Company's trading board. 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.
Following these grants the total number of options over Ordinary Shares in issue is 2,386,016 representing 1.2 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.
1
Details of the person discharging managerial responsibilities / 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 instrument, type of instrument
Identification code
Ordinary shares of £0.01
ISIN: IM00BF0FMG91
b)
Nature of the transaction
Exercise of Share Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 66,860 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
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
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 instrument, type of instrument
Identification code
Ordinary shares of £0.01
ISIN: IM00BF0FMG91
b)
Nature of the transaction
Exercise of Share Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 66,142 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
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
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 instrument, type of instrument
Identification code
Ordinary shares of £0.01
ISIN: IM00BF0FMG91
b)
Nature of the transaction
Exercise of Share Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 37,878 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Harry Kyriacou
2
Reason for the notification
a)
Position/status
CCO
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: IM00BF0FMG91
b)
Nature of the transaction
Exercise of Share Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 97,133 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
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
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 instrument, type of instrument
Identification code
Ordinary shares of £0.01
ISIN: IM00BF0FMG91
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 148,760 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
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
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 instrument, type of instrument
Identification code
Ordinary shares of £0.01
ISIN: IM00BF0FMG91
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 131,262 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
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
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 instrument, type of instrument
Identification code
Ordinary shares of £0.01
ISIN: IM00BF0FMG91
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 76,446 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Harry Kyriacou
2
Reason for the notification
a)
Position/status
CCO
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: IM00BF0FMG91
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
| Price(s) | Volume(s) |
| Nil | 54,236 |
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
e)
Date of the transaction
21 April 2022
f)
Place of the transaction
London Stock Exchange, AIM
Further enquiries, please contact:
| Strix Group Plc Mark Bartlett, CEO Raudres Wong, CFO |
+44 (0) 1624 829829 | |
| Zeus (Nominated Adviser and Joint Broker) Nick Cowles / Jamie Peel / Jordan Warburton (Investment Banking) |
+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).
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