tiprankstipranks
Strix Group Announces Successful Share Placement
Company Announcements

Strix Group Announces Successful Share Placement

Strix Group (GB:KETL) has released an update.

Don't Miss our Black Friday Offers:

Strix Group PLC successfully completed a placement of 10,935,700 new ordinary shares at 80 pence each, raising gross proceeds of approximately £8.7 million, without discount to the market price. This move, executed by joint bookrunners Stifel Nicolaus Europe Limited and Zeus Capital Limited, is set to expand the company’s issued share capital by 5% post-Admission. Strix, a global leader in kettle safety control design and manufacturing, is reinforcing its financial position through this strategic market initiative.

For further insights into GB:KETL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskStrix Group Navigates Challenges with Strategic Growth Plans
TipRanks UK Auto-Generated NewsdeskStrix Group Hits 3 Billion Products Milestone
TipRanks UK Auto-Generated NewsdeskStrix Group Reports Robust Mid-Year Financials
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App