Director and PDMR Dealings

RNS Number : 7035P

Strix Group PLC

20 October 2021

 

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" or the "Company")

 Director and PDMR Dealings

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, has been notified that Mark Bartlett, the Chief Executive Officer and Raudres Wong, the Chief Financial Officer have disposed of 1,100,000 and 500,000 Ordinary Shares of £0.01 ("Ordinary Shares") respectively in light of the crystallisation of personal tax liabilities relating to Company options and property investments.  

Mark Bartlett and Raudres Wong have undertaken that they will not dispose of any further Ordinary Shares for the 12 months following this announcement. As a result of these transactions, Mark Bartlett and Raudres Wong's holdings in the Company now comprise of 1.2% and 0.9% of the issued share capital respectively.

Frank Gao, the Chief Operating Officer also disposed of 206,173 Ordinary Shares leaving him with no residual holding in the Company.

Director / PDMR	Position	Ordinary Shares held previously	% of total issued share capital held previously	Number of ordinary shares sold	Resulting total number of Ordinary Shares held	Resulting % of issued share capital held
Mark Bartlett	Chief Executive Officer	3,510,878	1.70%	1,100,000	2,410,878	1.17%
Raudres Wong1	Chief Financial Officer	2,302,075	1.11%	500,000	1,802,075	0.87%
Frank Gao	Chief Operating Officer	206,173	0.10%	206,173	-	0.00%

¹   Shares 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.

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	Sale of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			325p	1,100,000
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	19 October 2021
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	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	Sale of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)		Volume(s)
			325p		500,000
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	19 October 2021
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	Chief Operating 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	Sale of Ordinary Shares
c)	Price(s) and volume(s)		Price(s)	Volume(s)
			325p	206,173
d)	Aggregated information - Aggregated volume - Price	N/A - Single transaction
e)	Date of the transaction	19 October 2021
f)	Place of the transaction	London Stock Exchange, AIM

For further enquiries, please contact:
Strix Group Plc	Tel: [phone]
Mark Bartlett, CEO
Raudres Wong, CFO
Zeus Capital Limited (Nominated Advisor and Joint Broker)	[phone]
Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)
Stifel Nicolaus Europe Limited (Joint Broker)	[phone]
Matthew Blawat / Francis North
IFC Advisory Limited (Financial PR and IR)	[phone]
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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