Business
Share Buyback Programme
Strix Group Plc has initiated a share buyback programme with a maximum aggregate consideration of £10 million, commencing today and expected to conclude by the expiration of its shareholder authority or when the maximum amount is reached. The company has entered into a non-discretionary arrangement with its brokers, Zeus Capital Limited and Stifel Nicolaus Europe Limited, to conduct these purchases independently, adhering to market regulations. Any shares acquired will initially be held in treasury and subsequently cancelled, with no board members selling shares as part of this programme. Disclaimer*
About this update from Strix Group Plc
[{"type":"text","content":"\n\n4 February 2026\n \nStrix Group Plc\n \n(\"Strix\", the \"Group\" or the \"Company\")\n \nShare Buyback Programme\nStrix Group Plc (AIM:KETL), the 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, announces the commencement of a share buyback programme in respect of its ordinary shares of £0.01 each in the capital of the Company (\"Ordinary Shares\") up to a maximum aggregate consideration of £10 million (\"Maximum Amount\") (the \"Buyback Programme\").\nOn 3 February 2026, the Company entered into a non-discretionary arrangement with its brokers, Zeus Capital Limited (\"Zeus\") and Stifel Nicolaus Europe Limited (\"Stifel\") (together the \"Brokers\"), to enable the Brokers to conduct the Buyback Programme on its behalf on a broker-managed basis, with trading decisions being taken independently of the Company, albeit subject to certain limitations (including in respect of the maximum price payable per Ordinary Share). The Buyback Programme will be effected within the parameters of the Market Abuse Regulation 596/2014/EU and the Commission Delegated Regulation 2016/1052/EU, each as incorporated into UK domestic law by the European Union (Withdrawal) Act 2018.\nThe Buyback Programme is in accordance with the terms of the Company's authority to make market purchases of its own Ordinary Shares granted to it by shareholders on 10 July 2025 (the \"Authority\"), including that the maximum price paid per Ordinary Share shall not exceed the higher of: (a) 105 per cent. of the average trading price of the Ordinary Shares as derived from the middle market quotations for an Ordinary Share on the London Stock Exchange Daily Official List for the five trading days immediately preceding the date on which an Ordinary Share is contracted to be purchased; and (b) the higher of the price of the last independent trade and the highest current independent bid on the trading venue where the purchase is carried out.\nThe Buyback Programme commences today and, unless terminated by the Company, will end on the expiration of the Authority or, if earlier, the date upon which the aggregate consideration paid for Ordinary Shares reaches the Maximum Amount (the \"Buyba...