Directorate Change

RNS Number : 7772T

Titon Holdings PLC

25 March 2019

 

25 March 2019  

Titon Holdings Plc   ("Titon" or "the Company")                                   LEI: 213800ZHXS8G27RM1DD7

Non-Executive Director appointment

Titon Holdings Plc, ("Titon or the "Group") a leading manufacturer and supplier of ventilation systems and window and door hardware, today announces the appointment of Bernd Ratzke as a Non-executive Director of Titon with immediate effect.

Bernd is a corporate M&A lawyer with significant experience advising boards on transactional and corporate governance issues. He is a member of the Law Society in England and is a strategic adviser to DMH Stallard LLP. Bernd was formerly a partner and Head of Corporate at Baker & McKenzie LLP until 2009 and was Executive Chairman at Luke Hughes & Company Ltd, a designer and manufacturer of bespoke furniture for places of learning, business, worship, culture and leisure from December 2016 until September 2018.

Keith Ritchie, Chairman, commented:

"I am delighted to welcome Bernd to the Board and I am confident that he will bring considerable knowledge, experience and an independent perspective on governance to the Group. I am sure that he will make a very valuable addition to the Board and help us achieve our strategic objectives."

For further information please contact:

Titon Holdings Plc

Keith Ritchie:                                    Tel: [phone]

Shore Capital

Dru Danford                                      Tel: [phone]

Edward Mansfield

Daniel Bush

Appendix - AIM Rule 17

The directorships / partnerships held by Bernd Ratzke, aged 62, in the previous five years are:

Current	Past
N/A	Luke Hughes & Company Limited       Barlow Robbins LLP       Boodle Hatfield LLP

Bernd Ratzke was a member of 2 New Square LLP (formerly Dawsons LLP) from 1 May 2009 until 31 March 2011. Members and creditors appointed a liquidator on 23 June 2011 to voluntarily liquidate 2 New Square LLP. At that time there was an estimated deficiency as regards creditors of £563,363.85. Unsecured creditors ultimately received dividends representing 93 pence in the pound.

Save for the information above, there are no further disclosures to be made in accordance with Rule 17, Schedule 2 (g) of the AIM Rules in respect of the appointment of Bernd Ratzke.

 

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