KETL.L

Strix Group Plc
Strix Group PLC - Result of Annual General Meeting
20th June 2024, 11:44
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RNS Number : 2608T
Strix Group PLC
20 June 2024
 

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). 

 

 

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