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LONDON - Strix Group Plc (AIM:KETL), a manufacturer of kettle safety controls and water management devices, issued 67,612 new ordinary shares following the exercise of employee stock options, according to a company statement released Tuesday.
The shares were issued pursuant to options exercised under the company’s Long Term Incentive Plan (LTIP). These options were originally granted in April 2022 and vested on September 30, 2025. The company specified that the shares were awarded to employees and not to board directors.
Strix has applied to the London Stock Exchange for the new shares to be admitted to trading on AIM, with admission expected to become effective on October 1, 2025.
Following this issuance, Strix’s total issued share capital will comprise 229,927,550 ordinary shares. This figure may be used by shareholders as the denominator for calculations to determine if they need to notify their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.
Strix Group describes itself as a designer and manufacturer of kettle safety controls and other components involving water heating, temperature control, steam management, and water filtration.
The information was disclosed in a press release statement from the company.
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