Further to the announcement on 11 June 2024 relating to the proposed placing of new ordinary shares in Strix, Strix Group plc (LON:KETL) has announced that it has successfully placed a total of 10,935,700 Placing Shares with investors (conditional on Admission) at a price of 80 pence per Placing Share which represents a nil discount to the closing price on 10 June 2024 (being the latest practicable date prior to the launch of the placing). The gross proceeds from the Placing are approximately £8.7m. The Placing Shares represent c.5.0% of the issued share capital of Strix.
Stifel Nicolaus Europe Limited and Zeus Capital Limited acted as joint bookrunners in relation to the Placing.
Application has been made for the 10,935,700 Placing Shares to be admitted to trading on AIM. It is expected that Admission will occur at 8.00 a.m. on or around 14 June 2024.
Following Admission of the Placing Shares, Strix Group’s issued ordinary share capital will comprise 229,859,938 ordinary shares. Therefore, following Admission the total number of ordinary shares with voting rights in the Company will be 229,859,938 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Launch Announcement.
