Strix Group PLC Dividend Confirmation, Annual Report & AGM Notice (7321L)
May 04 2020 - 2:00AM
UK Regulatory
TIDMKETL
RNS Number : 7321L
Strix Group PLC
04 May 2020
4 May 2020
Strix Group Plc
("Strix", the "Group" or the "Company")
Confirmation of Final Dividend, Annual Report, Notice of AGM and
2020 AGM Procedures
Strix Group Plc (AIM: KETL), the global leader in the design,
manufacture and supply of kettle safety controls and other
complementary water temperature management components, announces a
reconfirmation of its final dividend, and in addition, has made
available today to shareholders its Annual Report and Accounts for
the year ended 31 December 2019, together with the Notice of 2020
Annual General Meeting ("AGM").
Final Dividend
Following the strong financial performance in 2019, and having
reviewed the Group's overall financial position, current prospects
and balance sheet requirements, the Board reconfirms its
recommendation of a final dividend of 5.1p. This will bring the
full year dividend to 7.7p. The final dividend will be paid on 3
June 2020 to shareholders on the register at 11 May 2020, and the
shares will trade ex-dividend from 7 May 2020. As previously
communicated, it is the Board's intention to continue to increase
the dividend in line with future underlying earnings, from a base
of 7.7p for the 2019 financial year.
Annual Report, Notice of AGM and AGM Procedures
Copies of the Annual Report and Accounts for the year ended 31
December 2019 and the Notice of AGM, are now available to view on
the Company's website, www.strixplc.com and have also been posted
to shareholders.
The AGM will be held at 9:00am (BST) on Thursday 28 May 2020 at
the Company's Head Office, located at Forrest House, Ronaldsway,
Isle of Man IM9 2RG.
Due to the ongoing government "stay at home measures" which
include a prevention of public gatherings of more than two people,
some changes will need to be made to the way the AGM is held this
year.
The AGM will now be run as a closed meeting and shareholders
will not be able to attend in person. Shareholders attempting to
attend the AGM will not be permitted entry. The Board hopes that
you understand we are taking these steps to protect shareholders,
employees, and the Board itself.
Appropriate arrangements have been made such that the legal
requirements to hold the meeting will be satisfied.
Shareholders are strongly encouraged to vote by proxy on the
resolutions contained in the AGM Notice. For full details on how to
register a vote by proxy, please refer to the AGM Notice.
Proxy votes will be announced via an RNS and placed on our
website as soon as practicable after the conclusion of the AGM.
The Board believes that the resolutions contained in the AGM
Notice continue to be in the best interests of the Company and its
shareholders as a whole and recommends that shareholders vote in
favour of them.
The Board would like to take this opportunity to thank all
shareholders for their continued support and understanding in these
exceptional circumstances and wish them well during this time.
For further enquiries, please contact:
Strix Group Plc
Mark Bartlett, CEO
Raudres Wong, CFO
Zeus Capital Limited (Nominated Advisor
and Joint Broker) +44 (0) 1624 829829
+44 (0) 20 3829 5000
Nick Cowles / Jamie Peel / Jordan Warburton
(Corporate Finance)
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).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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