Exercise and Grant of Options and Issue of Equity

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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