Source - LSE Regulatory
RNS Number : 6216V
Titon Holdings PLC
10 August 2022
 

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) 

 

 

 

Price(s)

 

Volume(s)

£0.58

50,000 Ordinary Shares

 

 

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) 

 

 

 

Price(s)

 

Volume(s)

£0.58

25,000 Ordinary Shares

 

 

  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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END
 
 
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