Director/PDMR Shareholding

RNS Number : 0182I

Titon Holdings PLC

10 June 2011

 



Titon Holdings Plc

(the "Company")

Grant of Options

The Company announces that on 9 June 2011 it granted the following options ("Options") over ordinary shares of 10 p each in the Company ("Ordinary Shares") to certain directors of the Company ("Directors"):-

Name of Director	Position	Number of existing Options	Number of new Options granted	Total Options now held
Mr. D A Ruffell	Chief Executive	39,000	45,000	84,000
Mr. N C Howlett	Development & Sustainability Director	20,000	35,000	55,000
Mr. T N Anderson	Sales & Marketing Director	13,150	34,950	48,100
Mr. C J  Martin	Supply Chain Director	10,000	20,000	30,000
Mr. C S Jarvis	Export Director	20,000	20,000	40,000

The new Options were granted under the Titon Company Share Option Scheme 2010 and the Titon Executive Share Option Scheme 2010 and have an exercise price of 48 pence. The new Options are exercisable between 9 June 2014 and 9 June 2021, subject to the Company's Earnings per Share growing by at least 9 per cent. more than the Retail Price Index over any three year period between 9 June 2011 and the proposed exercise date of the new Options.

Following the grant of the new Options, the total number of Ordinary Shares under option held by the Directors which could be issued if all of the performance criteria are met is 257,100 Ordinary Shares, representing approximately 2.4 per cent. of the current issued share capital of the Company.

D Ruffell
Company Secretary
Titon Holdings Plc

 

END

 

 

RDSLLFISRTIDIIL