Business
Share Buyback Programme Update & Notice of Results
Strix Group Plc is pausing its share buyback programme, having purchased 8,930,325 ordinary shares for approximately £3.7 million at an average price of 41.2 pence per share up to 9 July 2026. This decision follows the successful completion of a £10 million Tender Offer and the appointment of a new CEO, with the board deeming it prudent to assess future strategy and potential strategic growth investments. The company will announce its financial results for the 15-month period ended 31 March 2026 on 4 August 2026, and will provide a full capital allocation framework later in the financial year. Disclaimer*
About this update from Strix Group Plc
9 July 2026 Strix Group Plc ("Strix", the "Group" or the "Company") Share Buyback Programme Update Notice of Results & Investor Presentation Strix 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 that the Group is pausing the share buyback programme launched on 4 February 2026. As announced 19 December 2025, following consultation with investors regarding efficiently returning capital to shareholders as a result of the disposal of Billi (the "Disposal"), the Board launched a £10m share buyback programme and subsequently completed a £10m Tender Offer, as announced on the 5 May 2026, successfully returning further capital to shareholders. At the time of the Disposal, the Board stated that some proceeds would be retained by the Group and used to make investments into strategic growth initiatives. With the successful completion of the Tender Offer and the appointment of Andy Rainforth as the Group's new CEO, the Board believes that a pausing of the share buyback programme is a prudent step as it assesses the Group's strategy going forward. The Group will announce a full capital allocation framework, which will include strategic investment growth opportunities, later in the financial year, as part of a wider strategic update. Up until 9 July 2026, 8,930,325 ordinary shares have been purchased under the programme for an aggregate consideration of c.£3.7m, at an average price of c.41.2 pence per share. Notice of Results & Investor Presentation The Group will announce its financial results for the 15-month period ended 31 March 2026 on Tuesday 4 August 2026. Gary Lamb, Chairman, and Clare Foster, CFO, will be hosting a briefing for equity analysts on the day of results. Andy Rainforth, CEO, will also be in attendance. For further details, please email [email protected]. Management will be hosting an investor presentation with Equity Development at 11.00am (BST) on Wednesday 5 August 2026. The online event is open to all existing and potential shareholders, and registration is free. Questions can be submitted during the presentation to be addressed at the end. Participants can submit their fee...