Business
Grant of share options
Grant of share options.
About this update from Titon Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8731X Titon Holdings PLC 16 January 2014 \n \n\nTiton Holdings Plc\n(the \"Company\")\n \nGrant of Options\n \nThe Company announces that on 15 January 2014 it granted the following options (\"Options\") over ordinary shares of 10p each in the Company (\"Ordinary Shares\") to certain directors of the Company (\"Directors\"):-\n \n\n\n\n\nName of Director\n\n\nPosition\n\n\nNumber of existing Options \n\n\nNumber of new Options granted\n \n\n\nTotal Options now held\n\n\n\n\nMr. D A Ruffell\n \n\n\nChief Executive\n\n\n 89,000\n\n\n50,000\n\n\n139,000\n\n\n\n\nMr. N C Howlett\n\n\nDevelopment & Sustainability Director\n\n\n 70,000\n\n\n25,000\n\n\n 95,000\n\n\n\n\nMr. T N Anderson\n\n\nSales & Marketing Director\n\n\n 63,100\n\n\n25,000\n\n\n 88,100\n\n\n\n\nMr. K A Ritchie\n \n\n\nExecutive Chairman\n\n\n100,000\n\n\n50,000\n\n\n150,000\n\n\n\n\n \n \nThe 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 58 pence. The new Options are exercisable between 15 January 2017 and 15 January 2024, 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 15 January 2014 and the proposed exercise date of the new Options.\n \nFollowing 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 502,100 Ordinary Shares, representing approximately 4.8 percent of the current issued share capital of the Company.\n \n \nD Ruffell\nCompany Secretary\nTiton Holdings Plc\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RDSBFMATMBBBBPI\n ","length":5481,"tagName":"div"}]