Dividend Confirmation, Annual Report & AGM Notice

4 May 2020

Strix Group Plc

("Strix", the "Group" or the "Company")

Confirmation of Final Dividend, Annual Report, Notice of AGM and 2020 AGM Procedures

Strix Group Plc (AIM: KETL), the global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, announces a reconfirmation of its final dividend, and in addition, has made available today to shareholders its Annual Report and Accounts for the year ended 31 December 2019, together with the Notice of 2020 Annual General Meeting ("AGM").

Final Dividend

Following the strong financial performance in 2019, and having reviewed the Group's overall financial position, current prospects and balance sheet requirements, the Board reconfirms its recommendation of a final dividend of 5.1p.  This will bring the full year dividend to 7.7p.  The final dividend will be paid on 3 June 2020 to shareholders on the register at 11 May 2020, and the shares will trade ex-dividend from 7 May 2020.  As previously communicated, it is the Board's intention to continue to increase the dividend in line with future underlying earnings, from a base of 7.7p for the 2019 financial year.

Annual Report, Notice of AGM and AGM Procedures

Copies of the Annual Report and Accounts for the year ended 31 December 2019 and the Notice of AGM, are now available to view on the Company's website, www.strixplc.com and have also been posted to shareholders.

The AGM will be held at 9:00am (BST) on Thursday 28 May 2020 at the Company's Head Office, located at Forrest House, Ronaldsway, Isle of Man IM9 2RG. 

Due to the ongoing government "stay at home measures" which include a prevention of public gatherings of more than two people, some changes will need to be made to the way the AGM is held this year.

The AGM will now be run as a closed meeting and shareholders will not be able to attend in person. Shareholders attempting to attend the AGM will not be permitted entry.  The Board hopes that you understand we are taking these steps to protect shareholders, employees, and the Board itself.

Appropriate arrangements have been made such that the legal requirements to hold the meeting will be satisfied.

Shareholders are strongly encouraged to vote by proxy on the resolutions contained in the AGM Notice.  For full details on how to register a vote by proxy, please refer to the AGM Notice.

Proxy votes will be announced via an RNS and placed on our website as soon as practicable after the conclusion of the AGM.

The Board believes that the resolutions contained in the AGM Notice continue to be in the best interests of the Company and its shareholders as a whole and recommends that shareholders vote in favour of them.

The Board would like to take this opportunity to thank all shareholders for their continued support and understanding in these exceptional circumstances and wish them well during this time.

ABOUT STRIX GROUP PLC

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).