REG - Titon Holdings PLC - Confirmation of Board Appointment

Titon HoldingsAnnouncement

22/12/2023 07:00

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RNS Number : 6821X  Titon Holdings PLC  22 December 2023

LEI: 213800ZHXS8G27RM1D97

22 December 2023

Titon Holdings Plc

 

Confirmation of Board Appointment

 

Titon Holdings Plc ("Titon", the "Group" or the "Company"), a leading
manufacturer and supplier of ventilation systems and window and door hardware,
is pleased to confirm, further to the announcement on 29 November 2023, the
appointment of Jamie Brooke as Non-Executive Chair. Jamie will join the Board
on 2 January 2024.  Paul Hooper, currently Interim Chair, will be appointed
as Senior Independent Non-Executive Director from 2 January 2024.

 

Paul Hooper, Interim Chair, commented:

"We are very pleased to welcome Jamie Brooke as our new Chair commencing on 2
January 2024. Jamie brings a wealth of small cap experience both as a
professional investor but also as an experienced non-executive director of AIM
companies.''

 

Jamie Brooke, Incoming Non-Executive Chair, commented:

"I am delighted to be taking on the role of Chair at Titon as it continues to
grow its share of the ventilation systems and window and door hardware
markets.  I look forward to working with the wider Board and leadership team
and in particular, welcoming Tom Carpenter as the new Chief Executive in
April. This is an exciting time for the business to execute its strategy and
growth plans and deliver value for shareholders."

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, James (Jamie) Dominic
Brooke, aged 52, holds or has held in the past 5 years the following
directorships and partnerships:

 Current directorships/partnerships      Directorships/partnerships within the last 5 years
 Flowtech Fluidpower plc                 Flowgroup plc
 Chapel Down Group plc                   Internet Fusion Group Limited
 Maitland Capital Limited                Kelso 1 Ltd
 Oryx International Growth Fund Limited  Wameja Limited
 Triple Point Venture VCT plc
 Kelso Group Holdings plc
 Kelso Limited
 Padelstars Limited
 Quester Venture GP Partnership
 Redhall Group plc
 TARTAN C.I.P, L.P
 TARTAN Investment Partners, L.P

 

Jamie Brooke is a director of Redhall Group Plc, which entered into
administration on 10 June 2019 and compulsory liquidation on 14 July 2023. The
total deficiency to creditors was approximately £12.9 million. Jamie Brooke
was a director of Flowgroup Plc until 1 March 2022, which entered into
administration on 8 November 2018 and voluntary creditors liquidation on 8
October 2019, the total deficiency of the Company was £94.1 million. The
liquidation process is ongoing.

Jamie holds no interest in the ordinary share capital of the Company. There is
no further information required to be disclosed in respect of the above
appointment pursuant to Rule 17 and Schedule 2 (g) of the AIM Rules for
Companies.

For further information please contact:

 

 Titon Holdings Plc

 Carolyn Isom (Chief Financial Officer)        Tel: +44 (0)1206 713 800

 Paul Hooper (Interim Non-Executive Chair)     Tel: +44 (0)1536 383 844

 Shore Capital (Nominated Adviser and Broker)  Tel: +44 (0)20 7408 4090

 Daniel Bush

 Tom Knibbs

 

 

 

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