12 May 2025
LEI: 213800ZHXS8G27RM1D97
Titon Holdings Plc
Grant of Options and Director/PDMR Shareholdings
Titon Holdings Plc (the "Company") announces that on 9 May 2025 (the "Grant Date") the Company granted a total of 1,586,720 options (the "Options") over ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain employees, including three Directors of the Company as set out below.
These option grants are under the Company's 2025 Enterprise Management Incentive Scheme ("EMI Options") scheme where the individual and the grant meets EMI criteria. Grants which do not qualify are under the same rules as the EMI scheme but will not benefit from EMI tax status (the "Non-EMI Options").
The 2025 Enterprise Management Incentive Scheme was approved by shareholders at the Company's AGM on 25 March 2025.
| Name | Role | Number of EMI Options granted | Number of Non-EMI Options granted | Total Options granted |
| Jamie Brooke | Non-Executive Chair | Nil | 168,800 | 168,800 |
| Tom Carpenter | CEO | 312,500 | 227,660 | 540,160 |
| Carolyn Isom | CFO | 312,500 | 84,180 | 396,680 |
All options vest annually over five years starting from the third anniversary of the grant date and are conditional upon achieving defined share price targets. The Options are exercisable at a price of 74 pence per Ordinary Share, representing the Volume Weight Average ("VWAP") for the 6 months period to 30 April 2025. The vesting of the Options is subject to the individual remaining an employee of the Company (subject to customary good and bad leaver provisions).
Following the grant of the Options, the Company has options outstanding, which if exercised, would result in a potential dilution of approximately 14.7% of the Company's current issued ordinary share capital.
The Company also announces that on 9 May 2025, Tom Carpenter, Chief Executive Officer of the Company, purchased 13,806 Ordinary Shares in the Company at a price of 72 pence per Ordinary Share. Following this purchase, Tom holds an interest in 130,306 Ordinary Shares, representing approximately 1.16 per cent of the Company's total voting rights.
The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail.
For further information please contact:
| Titon Holdings plc Jamie Brooke, Non-Executive Chair Carolyn Isom, Chief Financial Officer |
Tel: +44 (0)7715 603587
|
| Shore Capital - Nominated Adviser and Broker Daniel Bush Tom Knibbs
| Tel: +44 (0)20 7408 4090 |
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 | | Jamie Brooke | ||||
|
| | | | ||||
| 2
| Reason for the notification
| | | ||||
| a) | Position/status | | Non-Executive Chair | ||||
|
| | | | ||||
| 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 | Options over Ordinary Shares of 10 pence each in Titon Holdings Plc
Ordinary Share ISIN: GB0008941402 | |||||
| b)
| Nature of the transaction
|
Grant of Options over Ordinary Shares | |||||
| c)
| Price(s) and volume(s)
|
| |||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
N/A - single transaction | |||||
| e)
| Date of the transaction | 9 May 2025 | |||||
| f) | Place of the transaction | Off market | |||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||
| a) | Name | | Tom Carpenter | ||||
|
| | | | ||||
| 2
| Reason for the notification
| | | ||||
| a) | Position/status | | Chief Executive Officer | ||||
|
| | | | ||||
| 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 | Options over Ordinary shares of 10 pence each in Titon Holdings Plc
Ordinary Share ISIN: GB0008941402 | |||||
| b)
| Nature of the transaction
|
Grant of Options over Ordinary Shares | |||||
| c)
| Price(s) and volume(s)
|
| |||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
N/A - single transaction | |||||
| e)
| Date of the transaction | 9 May 2025 | |||||
| f) | Place of the transaction | Off market | |||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||
| a) | Name | | Carolyn Isom | ||||
|
| | | | ||||
| 2
| Reason for the notification
| | | ||||
| a) | Position/status | | Chief Financial Officer | ||||
|
| | | | ||||
| 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 | Options over Ordinary shares of 10 pence each in Titon Holdings Plc
Ordinary Share ISIN: GB0008941402 | |||||
| b)
| Nature of the transaction
|
Grant of Options over Ordinary Shares | |||||
| c)
| Price(s) and volume(s)
|
| |||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
N/A - single transaction | |||||
| e)
| Date of the transaction | 9 May 2025 | |||||
| f) | Place of the transaction | Off market | |||||
| | | | |||||
| | | | |||||
| 1
| Details of the person discharging managerial responsibilities / person closely associated
| ||||||
| a) | Name | | Tom Carpenter | ||||
|
| | | | ||||
| 2
| Reason for the notification
| | | ||||
| a) | Position/status | | Chief Executive Officer | ||||
|
| | | | ||||
| 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
Ordinary Share ISIN: GB0008941402 | |||||
| b)
| Nature of the transaction
| Purchase of Ordinary Shares | |||||
| c)
| Price(s) and volume(s)
|
| |||||
| d)
| Aggregated information
- Aggregated volume
- Price
|
N/A - single transaction
N/A - single transaction | |||||
| e)
| Date of the transaction | 9 May 2025 | |||||
| f) | Place of the transaction | London Stock Exchange, AIM | |||||
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