20
June 2024
Strix Group
Plc
("Strix",
the "Group" or the "Company")
Result of Annual General
Meeting
Strix 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 all resolutions were passed via poll at the
Annual General Meeting held on 20 June 2024.
A summary of the votes is presented
below:
|
#
|
Resolution description
|
Votes
'for'
|
% of
votes cast
|
Votes
'against'
|
% of
votes cast
|
Votes
withheld
|
|
1
|
To receive the annual accounts of
the Company for the year ended 31 December 2023
|
76,126,592
|
99.99%
|
10,736
|
0.01%
|
53,787
|
|
2
|
To approve the Directors'
Remuneration report for the financial year ended 31 December 2023
(advisory vote).
|
74,655,319
|
98.06%
|
1,475,661
|
1.94%
|
60,135
|
|
3
|
To re-elect Gary Lamb as a
director.
|
66,480,910
|
87.32%
|
9,657,647
|
12.68%
|
52,558
|
|
4
|
To re-elect Mark Bartlett as a
director.
|
75,975,341
|
99.79%
|
163,216
|
0.21%
|
52,558
|
|
5
|
To re-elect Mark Kirkland as a
director.
|
47,820,287
|
62.81%
|
28,318,270
|
37.19%
|
52,558
|
|
6
|
To re-elect Richard Sells as a
director.
|
66,457,568
|
87.28%
|
9,681,215
|
12.72%
|
52,332
|
|
7
|
To re-elect Clare Foster as a
director.
|
75,976,636
|
99.79%
|
163,520
|
0.21%
|
50,959
|
|
8
|
To appoint PricewaterhouseCoopers
LLC as auditor of the Company
|
75,196,550
|
98.77%
|
940,233
|
1.23%
|
54,332
|
|
9
|
To authorise the Directors to
determine the remuneration of the auditor
|
73,494,512
|
96.48%
|
2,678,597
|
3.52%
|
18,006
|
|
10
|
To authorise the Directors to allot
ordinary shares up to the limits set out in the notice of
AGM
|
65,661,596
|
86.20%
|
10,513,847
|
13.80%
|
15,672
|
|
11
|
To authorise Directors to dis-apply
pre-emption rights up to the limits set out in the notice of
AGM
|
69,528,452
|
91.27%
|
6,646,991
|
8.73%
|
15,672
|
|
12
|
To authorise Directors to dis-apply
pre-emption rights in respect of an additional 5% of the Company's
issued share capital
|
65,633,087
|
86.16%
|
10,542,356
|
13.84%
|
15,672
|
|
13
|
To authorise the Directors to make
market purchases of ordinary shares up to the limits set out in the
notice of the AGM
|
75,244,822
|
98.78%
|
931,901
|
1.22%
|
14,392
|
Statement regarding voting result
We are pleased to have received the
support of our shareholders for all of the resolutions proposed at
the AGM.
We will continue to monitor the
level of support for each resolution in the future, and where
needed we will discuss with shareholders and proxy advisors to
understand any concerns.
The Board notes that while
Resolution 5 was approved, which gave shareholders the opportunity
to cast votes on the reappointment of Mark Kirkland as a
Non-Executive Director, 37.43% of the votes cast were votes against
Resolution 5.
The Board will reflect on the result
of Resolution 5, and the Nomination Committee will engage with the
shareholders to understand any concerns.
For further enquiries, please
contact:
|
|
|
|
|
|
|
Strix Group Plc
|
+44 (0) 1624 829829
|
|
Mark Bartlett, CEO
|
|
|
Clare Foster, CFO
|
|
|
|
|
|
Zeus (Nominated Advisor and Joint
Broker)
|
+44 (0) 20 3829
5000
|
|
Nick Cowles / Jordan Warburton
(Investment Banking)
Dominic King (Corporate
Broking)
|
|
|
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
|
|
The person responsible for arranging
release of this Announcement on behalf of the Company is Mark
Bartlett.
Information on Strix
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).