Business
Grant of Options
Grant of Options.
About this update from Strix Group Plc
[{"type":"text","content":"\n \nRNS Number : 4834Z Strix Group PLC 20 May 2019 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n20 May 2019\nStrix Group Plc \n(\"Strix\" or the \"Company\")\nGrant of Options\n \nStrix 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 that it granted options on 20 May 2019 over a total of 902,833 Ordinary Shares of 1p each in the Company (\"Ordinary Shares\") under the Strix Group Plc Long Term Incentive Plan (\"LTIP\").\nIncluded within the 902,833 options granted are the following to Directors and PDMRs of the Company as part of their annual remuneration and incentivisation packages:\n \n\n\n\n\n\n\n\n\n\nNumber of options granted\n\n\nTotal number of options held\n\n\n\n\nMark Bartlett\n\n\nChief Executive Officer\n\n\n198,398\n\n\n4,206,815\n\n\n\n\nRaudres Wong\n\n\nChief Financial Officer\n\n\n196,267\n\n\n2,288,137\n\n\n\n\nFrank Gao\n\n\nChief Operating Officer\n\n\n112,398\n\n\n709,189\n\n\n\n \nThe remaining 395,770 options granted have been awarded to members of the Company's trading board. The options have been granted at nil cost, and are subject to performance conditions as determined by the Company's Remuneration Committee.\nFollowing these grants the total number of options over Ordinary Shares in issue is 11,615,177.\nThe notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.\nNotification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.\n \n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na)\n\n\nName\n\n\nMark Bartlett\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\nChief Executive Officer\n\n\n\n\nb)\n \n\n\nInitial notification /Amendment\n\n\nInitial notification\n\n\n\n\n3\n \n\n\nDetails of the i...