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)
|
| |||||
| 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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