Strix Group (“Strix”) has completed the disposal of Billi receiving net proceeds of £105m after costs and estimated completion account adjustments. The bulk of the proceeds will be utilised in repaying the Group’s indebtedness (£68m as of November 2025) and initiating a £10m share buyback programme. An update on further returns to shareholders will be made in due course. We have updated estimates to exclude Billi and to recognise continuing challenging trading conditions, notwithstanding the modest recent improvement in Controls.
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