Strix Group PLC
09 July 2026
9 July 2026
Strix Group Plc
("Strix", the "Group" or the "Company")
Share Buyback Programme Update
Notice of Results & Investor Presentation
Strix Group plc (AIM: KETL), the 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, announces that the Group is pausing the share buyback programme launched on 4 February 2026.
As announced 19 December 2025, following consultation with investors regarding efficiently returning capital to shareholders as a result of the disposal of Billi (the "Disposal"), the Board launched a £10m share buyback programme and subsequently completed a £10m Tender Offer, as announced on the 5 May 2026, successfully returning further capital to shareholders.
At the time of the Disposal, the Board stated that some proceeds would be retained by the Group and used to make investments into strategic growth initiatives. With the successful completion of the Tender Offer and the appointment of Andy Rainforth as the Group's new CEO, the Board believes that a pausing of the share buyback programme is a prudent step as it assesses the Group's strategy going forward. The Group will announce a full capital allocation framework, which will include strategic investment growth opportunities, later in the financial year, as part of a wider strategic update.
Up until 9 July 2026, 8,930,325 ordinary shares have been purchased under the programme for an aggregate consideration of c.£3.7m, at an average price of c.41.2 pence per share.
Notice of Results & Investor Presentation
The Group will announce its financial results for the 15-month period ended 31 March 2026 on Tuesday 4 August 2026. Gary Lamb, Chairman, and Clare Foster, CFO, will be hosting a briefing for equity analysts on the day of results. Andy Rainforth, CEO, will also be in attendance. For further details, please email strix@gracechurchpr.com.
Management will be hosting an investor presentation with Equity Development at 11.00am (BST) on Wednesday 5 August 2026.
The online event is open to all existing and potential shareholders, and registration is free. Questions can be submitted during the presentation to be addressed at the end. Participants can submit their feedback after the event to help the Company build an understanding of the views of all shareholders. To register for the online presentation, please visit: https://www.equitydevelopment.co.uk/news-and-events/strix-group-fy-results-investor-presentation-5-august-2026
A recording of the presentation will be available after the event on Strix's and Equity Development's websites.
For further enquiries, please contact:
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Strix Group Plc |
+44 (0) 1624 829829 |
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Gary Lamb, Chairman |
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Clare Foster, CFO |
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Zeus (Nominated Advisor and Joint Broker) |
+44 (0) 20 3829 5000 |
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Jordan Warburton / Louisa Waddell (Investment Banking) Dominic King (Corporate Broking) |
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Stifel Nicolaus Europe Limited (Joint Broker) |
+44 (0) 20 7710 7600 |
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Matthew Blawat |
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Gracechurch Group (Financial PR and IR) |
+44 (0) 20 4582 3500 |
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Heather Armstrong / Claire Norbury |
Information on Strix
Founded in 1982, 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 has built up market leading capability and know-how, expanding into complementary products and technologies. The Group's brands include Aqua Optima and LAICA providing our customers with market leading water solutions on a global basis.
Strix is quoted on the AIM Market of the London Stock Exchange (AIM: KETL).
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