Source - LSE Regulatory
RNS Number : 9195M
Titon Holdings PLC
26 January 2021
 

26 January 2021

Titon Holdings plc

Exercise of options and Director/PDMR shareholding

Titon Holdings plc (the "Company"), announces that Mr D Ruffell, Chief Executive Officer of the Company, on 25th January 2021 exercised options over 60,000 ordinary shares of 10 pence each in the Company ("Ordinary Shares") at an average exercise price of 56.33 pence each. Following this purchase, the total beneficial interest of Mr D Ruffell and persons closely associated with him is 178,500 Ordinary Shares, representing 1.6 per cent. of the Company's issued share capital (excluding shares held in treasury).

Application will be made to the London Stock Exchange for the admission of the 60,000 new Ordinary Shares to trading on AIM. Admission is expected to take place at 8.00am on 2 February 2021. Following the admission of these Ordinary Shares, the total number of Ordinary Shares in issue will be 11,193,750, each carrying the right to one vote. The Company holds 50,000 shares in treasury. Therefore, the figure of 11,143,750 may be used by shareholders in the Company 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 share capital of the Company under the Disclosure Guidance and Transparency Rules.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides 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 D Ruffell


 

 

 

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

 

 

GB0008941402

b) 

 

  Nature of the transaction 

 

 

Exercise of options over 60,000 Ordinary Shares

c) 

 

  Price(s) and volume(s) 

 

 

 

Price(s)

 

Volume(s)

£0.48

£0.58

10,000 Ordinary Shares 

50,000 Ordinary Shares

 

 

d) 

 

  Aggregated information 

 

 

- Aggregated volume 

 

 

- Aggregated price 

 

- Aggregated total

 

 

 

 

 

60,000 Ordinary Shares

 

 

£0.5633

 

£33,800

e) 

 

  Date of the transaction 

 

 

25 January 2021

f)  

  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

Edward Mansfield 

Daniel Bush

 

Tel: +44 (0)20 7408 4090

 

 

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