ERCI acquires Shares in Titan

ERCI announces that it conducted transactions in Titan Shares. Reference is made to the joint press release of 23 December 2024 by the Offeror and Titan regarding the  intended Offer. Pursuant to the provisions of Section 5, paragraphs 4 and 5 of the Decree, ERCI announces that it conducted transactions in Shares of Titan, the details of which are stated below.

The highest price per Share paid in a transaction conducted today was EUR 2.24 per Share. Based on the transactions set out above, ERCI acquired today a total of 129,726 Shares representing 6.33%  of the Shares. These Shares, together with the Shares irrevocably committed to ERCI, equals 129,726 + 1,296,178 Shares, representing 69.55% of the Shares.