REG - Titon Holdings PLC - Director/PDMR Shareholding
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RNS Number : 2347I Titon Holdings PLC 12 May 2025
12 May 2025
LEI: 213800ZHXS8G27RM1D97
Titon Holdings Plc
Grant of Options and Director/PDMR Shareholdings
Titon Holdings Plc (the "Company") announces that on 9 May 2025 (the "Grant
Date") the Company granted a total of 1,586,720 options (the "Options") over
ordinary shares of 10 pence each in the Company ("Ordinary Shares") to certain
employees, including three Directors of the Company as set out below.
These option grants are under the Company's 2025 Enterprise Management
Incentive Scheme ("EMI Options") scheme where the individual and the grant
meets EMI criteria. Grants which do not qualify are under the same rules as
the EMI scheme but will not benefit from EMI tax status (the "Non-EMI
Options").
The 2025 Enterprise Management Incentive Scheme was approved by shareholders
at the Company's AGM on 25 March 2025.
Name Role Number of EMI Options granted Number of Non-EMI Options granted Total Options granted
Jamie Brooke Non-Executive Chair Nil 168,800 168,800
Tom Carpenter CEO 312,500 227,660 540,160
Carolyn Isom CFO 312,500 84,180 396,680
All options vest annually over five years starting from the third anniversary
of the grant date and are conditional upon achieving defined share price
targets. The Options are exercisable at a price of 74 pence per Ordinary
Share, representing the Volume Weight Average ("VWAP") for the 6 months period
to 30 April 2025. The vesting of the Options is subject to the individual
remaining an employee of the Company (subject to customary good and bad leaver
provisions).
Following the grant of the Options, the Company has options outstanding, which
if exercised, would result in a potential dilution of approximately 14.7% of
the Company's current issued ordinary share capital.
The Company also announces that on 9 May 2025, Tom Carpenter, Chief Executive
Officer of the Company, purchased 13,806 Ordinary Shares in the Company at a
price of 72 pence per Ordinary Share. Following this purchase, Tom holds an
interest in 130,306 Ordinary Shares, representing approximately 1.16 per cent
of the Company's total voting rights.
The notifications below, made in accordance with the requirements of the UK
Market Abuse Regulation, provide further detail.
For further information please contact:
Titon Holdings plc
Jamie Brooke, Non-Executive Chair Tel: +44 (0)7715 603587
Carolyn Isom, Chief Financial Officer
Shore Capital - Nominated Adviser and Broker Tel: +44 (0)20 7408 4090
Daniel Bush
Tom Knibbs
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 Jamie Brooke
2 Reason for the notification
a) Position/status Non-Executive Chair
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 Options over Ordinary Shares of 10 pence each in Titon Holdings Plc
instrument, type of instrument
Ordinary Share ISIN: GB0008941402
Identification code
b) Nature of the transaction
Grant of Options over Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
74 pence 168,800
d) Aggregated information
- Aggregated volume N/A - single transaction
N/A - single transaction
- Price
e) Date of the transaction 9 May 2025
f) Place of the transaction Off market
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
N/A - single transaction
e)
Date of the transaction
9 May 2025
f)
Place of the transaction
Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tom Carpenter
2 Reason for the notification
a) Position/status Chief Executive Officer
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 Options over Ordinary shares of 10 pence each in Titon Holdings Plc
instrument, type of instrument
Ordinary Share ISIN: GB0008941402
Identification code
b) Nature of the transaction
Grant of Options over Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
74 pence 540,160
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
e) Date of the transaction 9 May 2025
f) Place of the transaction Off market
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
N/A - single transaction
e)
Date of the transaction
9 May 2025
f)
Place of the transaction
Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Carolyn Isom
2 Reason for the notification
a) Position/status Chief Financial Officer
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 Options over Ordinary shares of 10 pence each in Titon Holdings Plc
instrument, type of instrument
Ordinary Share ISIN: GB0008941402
Identification code
b) Nature of the transaction
Grant of Options over Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
74 pence 396,680
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
e) Date of the transaction 9 May 2025
f) Place of the transaction Off market
1 Details of the person discharging managerial responsibilities / person closely
associated
a) Name Tom Carpenter
2 Reason for the notification
a) Position/status Chief Executive Officer
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 Ordinary shares of 10 pence each in Titon Holdings Plc
instrument, type of instrument
Ordinary Share ISIN: GB0008941402
Identification code
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and volume(s)
Price(s) Volume(s)
72 pence 13,806
d) Aggregated information
- Aggregated volume N/A - single transaction
- Price N/A - single transaction
e) Date of the transaction 9 May 2025
f) Place of the transaction London Stock Exchange, AIM
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
N/A - single transaction
e)
Date of the transaction
9 May 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely
associated
a)
Name
Tom Carpenter
2
Reason for the notification
a)
Position/status
Chief Executive Officer
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
Ordinary Share ISIN: GB0008941402
b)
Nature of the transaction
Purchase of Ordinary Shares
c)
Price(s) and volume(s)
Price(s) Volume(s)
72 pence 13,806
d)
Aggregated information
- Aggregated volume
- Price
N/A - single transaction
N/A - single transaction
e)
Date of the transaction
9 May 2025
f)
Place of the transaction
London Stock Exchange, AIM
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