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) |
+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).
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