REG - Strix Group PLC - Result of Annual General Meeting

StrixAnnouncement

20/06/2024 12:45

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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   76,126,592   99.99%           10,736           0.01%            53,787
     2023
 2   To approve the Directors' Remuneration report for the financial year ended 31  74,655,319   98.06%           1,475,661        1.94%            60,135
     December 2023 (advisory vote).
 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   65,661,596   86.20%           10,513,847       13.80%           15,672
     in the notice of AGM
 11  To authorise Directors to dis-apply pre-emption rights up to the limits set    69,528,452   91.27%           6,646,991        8.73%            15,672
     out in the notice of AGM
 12  To authorise Directors to dis-apply pre-emption rights in respect of an        65,633,087   86.16%           10,542,356       13.84%           15,672
     additional 5% of the Company's issued share capital
 13  To authorise the Directors to make market purchases of ordinary shares up to   75,244,822   98.78%           931,901          1.22%            14,392
     the limits set out in the notice of the AGM

 

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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