STRIX GROUP PLC

Remuneration Information • Apr 25, 2024

National Storage Mechanism | Additional information

RNS Number : 8982L

Strix Group PLC

25 April 2024

25 April 2024

Strix Group plc

("Strix" or the "Company")

Exercise and Grant of Options and Issue of Equity

Strix Group Plc (AIM:KETL), the quoted global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, announces the Company has issued 209,890 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 April 2021 ("2021 LTIP Award") and vested and became exercisable from 25 April 2024 in accordance with the rules of the LTIP. The Option Shares were awarded to Strix employees and not to Strix's directors. The remainder of the 2021 LTIP Awards, including those held by Strix's directors, have lapsed.

Admission and Total voting rights

Strix has made application to the London Stock Exchange for the issue of securities in respect of 209,890 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 26 April 2024. The Option Shares are being issued to satisfy the exercise of Options by an employee under the LTIP.

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 218,924,238 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 over a total of 1,940,812 Ordinary Shares under the LTIP.

Included within the 1,940,812 options granted are the following to Directors/PDMR of the Company as part of their annual remuneration and incentivisation packages:

Director/PDMR	Position	Number of unvested share options previously held	Number of unvested share options lapsed	Number of options granted	Total number of unvested share options held
Mark Bartlett	Chief Executive Officer	659,050	123,995	528,972	1,064,027
Clare Foster	Chief Financial Officer	225,089	-	458,741	683,830
TOTAL		884,139	123,995	987,713	1,747,857

In addition to the options awarded to Directors, 953,099 options have been awarded to the Company's key employees. All options have been granted at nil cost and 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  5,320,571 representing 2.4% 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

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: IM00BF0FMG91

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	528,972

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

25/04/24

f)

Place of the transaction

London Stock Exchange, AIM

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Clare Foster

2

Reason for the notification

a)

Position/status

Chief Financial 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: IM00BF0FMG91

b)

Nature of the transaction

Grant of Options

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	458,741

d)

Aggregated information

- Aggregated volume

- Price

N/A - single transaction

e)

Date of the transaction

25/04/24

f)

Place of the transaction

London Stock Exchange, AIM

Further enquiries, please contact:

Strix Group Plc Mark Bartlett, CEO Clare Foster, CFO	+44 (0) 1624 829829
Zeus (Nominated Adviser and Joint Broker) Nick Cowles / 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 trades on the AIM Market of the London Stock Exchange (AIM: KETL).

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