TIDMTON

RNS Number : 7772T

Titon Holdings PLC

25 March 2019

25 March 2019

Titon Holdings Plc ("Titon" or "the Company") LEI: 213800ZHXS8G27RM1DD7

Non-Executive Director appointment

Titon Holdings Plc, ("Titon or the "Group") a leading manufacturer and supplier of ventilation systems and window and door hardware, today announces the appointment of Bernd Ratzke as a Non-executive Director of Titon with immediate effect.

Bernd is a corporate M&A lawyer with significant experience advising boards on transactional and corporate governance issues. He is a member of the Law Society in England and is a strategic adviser to DMH Stallard LLP. Bernd was formerly a partner and Head of Corporate at Baker & McKenzie LLP until 2009 and was Executive Chairman at Luke Hughes & Company Ltd, a designer and manufacturer of bespoke furniture for places of learning, business, worship, culture and leisure from December 2016 until September 2018.

Keith Ritchie, Chairman, commented:

"I am delighted to welcome Bernd to the Board and I am confident that he will bring considerable knowledge, experience and an independent perspective on governance to the Group. I am sure that he will make a very valuable addition to the Board and help us achieve our strategic objectives."

For further information please contact:

Titon Holdings Plc

   Keith Ritchie:                                    Tel: +44 (0) 1206 713821

Shore Capital

   Dru Danford                                      Tel: +44 (0) 20 7408 4090

Edward Mansfield

Daniel Bush

Appendix - AIM Rule 17

The directorships / partnerships held by Bernd Ratzke, aged 62, in the previous five years are:

 
  Current    Past 
  N/A        Luke Hughes & Company Limited 
              Barlow Robbins LLP 
              Boodle Hatfield LLP

Bernd Ratzke was a member of 2 New Square LLP (formerly Dawsons LLP) from 1 May 2009 until 31 March 2011. Members and creditors appointed a liquidator on 23 June 2011 to voluntarily liquidate 2 New Square LLP. At that time there was an estimated deficiency as regards creditors of GBP563,363.85. Unsecured creditors ultimately received dividends representing 93 pence in the pound.

Save for the information above, there are no further disclosures to be made in accordance with Rule 17, Schedule 2 (g) of the AIM Rules in respect of the appointment of Bernd Ratzke.

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END

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