Strix Group Plc (LON:KETL), the designer, manufacturer and supplier of kettle safety controls and other complementary water temperature management components, has today announced the admission of its ordinary shares to trading on the AIM Market of the London Stock Exchange (“Admission”).
· Dealings in the ordinary shares will commence at 8.00am today under the ticker “KETL” with the ISIN IM00BF0FMG91
· Successful placing by Zeus Capital which saw strong demand from a range of institutional investors, raising gross proceeds of £190 million
· 190,000,000 new ordinary shares placed with institutional and other investors, including Directors, at a price of 100 pence per ordinary share (the “Placing Price”)
· The Company’s market capitalisation on Admission, based on the Placing Price, is £190 million
The Company has launched a new investor relations website at www.strixplc.com where investor relations resources and all the information required to be disclosed under AIM Rule 26, including the Company’s Admission Document, can be found.
Zeus Capital is Nominated Adviser and Sole Broker to the Company.
Mark Bartlett, CEO of Strix Group Plc, commented: “Today marks a key milestone in the Company’s successful and long history. Admission to AIM will support us through our next phase of growth as we look to penetrate new markets, continue to offer the highest quality products and grow our market share, whilst most importantly maintaining strong relationships with our key customers.
“The support we have seen from investors who recognise the significant opportunities of our growing and global market has been very encouraging. We are very much looking forward to life as a public company and reporting on the continued progress of the business in the months and years to come.”