REG - Titon Holdings PLC - Exercise of options and Director/PDMR shareholding

Titon HoldingsAnnouncement

26/01/2021 10:35

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 25th 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 /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 60,000 Ordinary Shares




c) 
 


  Price(s) and volume(s) 
 
 


 



Price(s)
 


Volume(s)




£0.48
£0.58


10,000 Ordinary Shares 
50,000 Ordinary Shares



 
 




d) 
 


  Aggregated information 
 
 
- Aggregated volume 
 
 
- Aggregated price 
 
- Aggregated total
 
 


 
 
 
60,000 Ordinary Shares
 
 
£0.5633
 
£33,800




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 and Broker
Edward Mansfield  
Daniel Bush 
 


Tel: +44 (0)20 7408 4090



 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
DSHPPUQGGUPGGUQ