Grant of Options

RNS Number : 1526O
Strix Group PLC
16 August 2017
 

16 August 2017

 

Strix Group Plc

("Strix" or the "Company")

Grant of Options

Strix Group Plc (AIM: KETL), the designer, manufacturer and supplier of kettle safety controls and other complementary water temperature management components, announces that, further to the intention disclosed in its AIM Admission Document dated 27 July 2017, it granted options on 15 August 2017 over a total of 3,431,505 Ordinary Shares of 1p each ('Ordinary Shares'), including an option over 510,000 Ordinary Shares being granted to Frank Gao (Chief Operating Officer).

The options have been granted at nil cost, and are subject to performance conditions as determined by the Company's remuneration committee.

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

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 1p

 

KETL ISIN: IM00BF0FMG91

b)

Nature of the transaction

Grant of Option

c)

Price(s) and volume(s)

 Price(s)

Volume(s)

0p

510,000

d)

Aggregated information

- Aggregated volume

- Price


N/A - single transaction

e)

Date of the transaction

15 August 2017

f)

Place of the transaction

London Stock Exchange, AIM

 

Enquiries:

Strix Group Plc

Mark Bartlett (CEO)

Raudres Wong (CFO)

 

01624 829 829

Zeus Capital Limited

Nick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)

Dominic King (Corporate Broking)

 

020 3829 5000

IFC Advisory Limited (Financial PR & IR)

Graham Herring / Tim Metcalfe / Heather Armstrong / Miles Nolan

020 3053 8671

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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