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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Touchstone Innovations PLC       GB00B170L953

TOUCHSTONE INNOVATIONS PLC

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Touchstone Innovations : Exercise of share options

11/27/2017 | 02:18am EST

27 November 2017

Touchstone Innovations plc

Exercise of share options and acceptance of IP Group offer in respect of resulting shares

The notification set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.

Touchstone Innovations plc (AIM: IVO, 'Touchstone' or 'the Company') has, on 24 November 2017, allotted ordinary shares in the capital of the Company ('Award Shares') to the following persons discharging managerial responsibilities ('PDMRs'), in satisfaction of the exercise of options granted under the Company's 2016 Long Term Incentive Plan ('LTIP').

Number of Award Shares

Russ Cummings 83,619

Nigel Pitchford 25,131

Tony Hickson 14,622

Anjum Ahmad 11,994

The options, which have an exercise price of 3 /(three and one thirty-third) pence per Award Share, became exercisable as a result of the offer by IP Group plc for the entire issued share capital of the Company ('the Offer') being declared unconditional.

The PDMRs listed above have accepted the Offer in respect of the Award Shares.

For further information contact:

Touchstone Innovations plc

020 3053 8834

Russ Cummings, Chief Executive Officer

William Rayner, General Counsel and Company Secretary

Jon Davies, Director of Communications

Instinctif Partners

020 7457 2020

Adrian Duffield/Mel Toyne-Sewell/Chantal Woolcock

J.P. Morgan Cazenove (Nominated adviser)

020 7742 4000

Michael Wentworth-Stanley/Alec Pratt

RBC Capital Markets (Joint corporate broker)

020 7653 4000

Marcus Jackson

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

RUSS CUMMINGS

2.

Reason for the notification

a)

Position / status

CHIEF EXECUTIVE OFFICER

b)

Initial notification/amendment

INITIAL NOTIFICATION

3.

Details of issuer

a)

Name

touchstone Innovations plc

b)

LEI

213800D4RUIF3HLITE31

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

Identification Code

NOMINAL VALUE OPTIONS OVER ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

exercise of options held under the long term incentive plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

83,619

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

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

Identification Code

ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

ACCEPTANCE OF TAKEOVER OFFER - DISPOSAL OF ORDINARY SHARES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A - NO CASH CONSIDERATION PAID

83,619

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

g)

Additional information

No price information included in section (c) above as the disposal was not for cash consideration. Consideration for the disposal was 2.2178 ordinary shares in the capital of IP Group plc for each ordinary share in the capital of Touchstone Innovations plc.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

NIGEL PITCHFORD

2.

Reason for the notification

a)

Position / status

CHIEF INVESTMENT OFFICER

b)

Initial notification/amendment

INITIAL NOTIFICATION

3.

Details of issuer

a)

Name

touchstone Innovations plc

b)

LEI

213800D4RUIF3HLITE31

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

Identification Code

NOMINAL VALUE OPTIONS OVER ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

exercise of options held under the long term incentive plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

25,131

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

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

Identification Code

ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

ACCEPTANCE OF TAKEOVER OFFER - DISPOSAL OF ORDINARY SHARES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A - NO CASH CONSIDERATION PAID

25,131

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

g)

Additional information

No price information included in section (c) above as the disposal was not for cash consideration. Consideration for the disposal was 2.2178 ordinary shares in the capital of IP Group plc for each ordinary share in the capital of Touchstone Innovations plc.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

TONY HICKSON

2.

Reason for the notification

a)

Position / status

MANAGING DIRECTOR - TECHNOLOGY TRANSFER

b)

Initial notification/amendment

INITIAL NOTIFICATION

3.

Details of issuer

a)

Name

touchstone Innovations plc

b)

LEI

213800D4RUIF3HLITE31

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

Identification Code

NOMINAL VALUE OPTIONS OVER ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

exercise of options held under the long term incentive plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

14,622

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

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

Identification Code

ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

ACCEPTANCE OF TAKEOVER OFFER - DISPOSAL OF ORDINARY SHARES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A - NO CASH CONSIDERATION PAID

14,622

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

g)

Additional information

No price information included in section (c) above as the disposal was not for cash consideration. Consideration for the disposal was 2.2178 ordinary shares in the capital of IP Group plc for each ordinary share in the capital of Touchstone Innovations plc.

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

anjum ahmad

2.

Reason for the notification

a)

Position / status

TREASURY AND FINANCE DIRECTOR

b)

Initial notification/amendment

INITIAL NOTIFICATION

3.

Details of issuer

a)

Name

touchstone Innovations plc

b)

LEI

213800D4RUIF3HLITE31

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

Identification Code

NOMINAL VALUE OPTIONS OVER ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

exercise of options held under the long term incentive plan

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

11,994

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

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

Identification Code

ORDINARY SHARES OF 3 / PENCE EACH IN THE CAPITAL OF THE COMPANY

GB00B170L953

b)

Nature of the transaction

ACCEPTANCE OF TAKEOVER OFFER - DISPOSAL OF ORDINARY SHARES

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A - NO CASH CONSIDERATION PAID

11,994

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

24 NOVEMBER 2017

f)

Place of the transaction

OUTSIDE A TRADING VENUE

g)

Additional information

No price information included in section (c) above as the disposal was not for cash consideration. Consideration for the disposal was 2.2178 ordinary shares in the capital of IP Group plc for each ordinary share in the capital of Touchstone Innovations plc.

Touchstone Innovations plc published this content on 27 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 November 2017 07:16:10 UTC.


© Publicnow 2017
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NameTitle
David Graham Baynes Director
Gregory Simon Smith Director
Michael Charles Nettleton Townend Director
Angela Leach Secretary
Kelsey Bircher Lynn Skinner Director-Technology Ventures
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