TITON HOLDINGS PLC

Director's Dealing • Aug 10, 2022

National Storage Mechanism | Additional information

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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