TIDMTON

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 25(th) 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                   Initial Notification 
       /Amendment 
     -----------------------------------  --------------------------------------------- 
 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         Ordinary shares of 10 pence each in 
       instrument, type of                  Titon Holdings Plc 
       instrument                           GB0008941402 
       Identification code 
     -----------------------------------  --------------------------------------------- 
b)    Nature of the transaction              Exercise of options over 60,000 Ordinary 
                                              Shares 
     -----------------------------------  --------------------------------------------- 
c)    Price(s) and volume(s)                Price(s)   Volume(s) 
                                             GBP0.48    10,000 Ordinary 
                                              GBP0.58    Shares 
                                                         50,000 Ordinary 
                                                         Shares 
                                                       ----------------- 
     -----------------------------------  --------------------------------------------- 
d)    Aggregated information                  60,000 Ordinary Shares 
                                               GBP0.5633 
        *    Aggregated volume                 GBP33,800 
 
 
 
        *    Aggregated price 
 
 
 
        *    Aggregated total 
     -----------------------------------  --------------------------------------------- 
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   Tel: +44 (0)20 7408 4090 
  and Broker 
  Edward Mansfield 
  Daniel Bush

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END

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January 26, 2021 05:35 ET (10:35 GMT)

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