10 August 2022
Titon Holdings Plc
Exercise of options and Director/PDMR shareholding
Titon Holdings Plc (the "Company"), announces that Mr. K Ritchie, Chairman of the Company and Mr. N Howlett, Non-Executive Director, on 5th August 2022 exercised options over 50,000 and 25,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") respectively at an exercise price of 58 pence each. Following this exercise, the total beneficial interest of Mr. K Ritchie and persons closely associated with him is 1,031,381 Ordinary Shares, representing 9.2 per cent. of the Company's issued share capital. The total beneficial interest of Mr. N Howlett and persons closely associated with him is 63,500 Ordinary Shares, representing 0.6 per cent. of the Company's issued share capital.
To satisfy the exercise of these share options, 50,000 Ordinary Shares will be issued from treasury on 12 August 2022. Application has also been made to the London Stock Exchange for the admission of 25,000 new Ordinary Shares to trading on AIM and admission is expected to take place at 8.00am on 12 August 2022 ("Admission"). Following Admission, the total number of Ordinary Shares in issue will be 11,218,750, each carrying the right to one vote, and the Company will hold no Ordinary Shares in treasury. Consequently, shareholders should use the figure of 11,218,750 Ordinary Shares as the denominator for 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 Disclosure Guidance and Transparency Rules of the Financial Conduct Authority.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them.
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||
| a) | Name | | Mr. K Ritchie | ||||
|
| | | | ||||
| 2
| Reason for the notification
| | | ||||
| a) | Position/status | | Chairman | ||||
|
| | | | ||||
| b)
| Initial notification /Amendment
| Initial Notification | |||||
| 3
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||
| a)
| Name
| Titon Holdings Plc | |||||
| b)
| LEI
| 213800ZHXS8G27RM1D97 | |||||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) | ||||||
|
| each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
| a)
| Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each in Titon Holdings Plc
GB0008941402 | |||||
| b)
| Nature of the transaction
| Exercise of options over 50,000 Ordinary Shares | |||||
| c)
| Price(s) and volume(s)
|
| |||||
| d)
| Aggregated information
- Aggregated volume
- Aggregated price
- Aggregated total
|
50,000 Ordinary Shares
£0.58
£29,000 | |||||
| e)
| Date of the transaction
| 5 August 2022 | |||||
| f) | Place of the transaction
| Off market transaction | |||||
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||
| Name | | Mr. N Howlett | ||||
| | | | ||||
| Reason for the notification
| | | ||||
| Position/status | | Non-Executive Director | ||||
| | | | ||||
| Initial notification /Amendment
| Initial Notification | |||||
| Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
| ||||||
| Name
| Titon Holdings Plc | |||||
| LEI
| 213800ZHXS8G27RM1D97 | |||||
| Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) | ||||||
| each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||||
| Description of the financial instrument, type of instrument
Identification code | Ordinary shares of 10 pence each in Titon Holdings Plc
GB0008941402 | |||||
| Nature of the transaction
| Exercise of options over 25,000 Ordinary Shares | |||||
| Price(s) and volume(s)
|
| |||||
| Aggregated information
- Aggregated volume
- Aggregated price
- Aggregated total
|
50,000 Ordinary Shares
£0.58
£14,500 | |||||
| Date of the transaction
| 5 August 2022 | |||||
| Place of the transaction
| Off market transaction | |||||
For further information please contact:
| Titon Holdings Plc Keith Ritchie
|
Tel: +44 (0)7748 146834 |
| Shore Capital Nominated Adviser and Broker Daniel Bush Tom Knibbs | Tel: +44 (0)20 7408 4090 |
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