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       GB00B170L953

TOUCHSTONE INNOVATIONS PLC

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Touchstone Innovations : Grant of share options

10/17/2017 | 04:16am EDT

17 October 2017

Touchstone Innovations plc

Grant of share options

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

Touchstone Innovations plc (AIM: IVO, 'Innovations' or 'the Group') has today granted options over ordinary shares in the capital of the Group ('Award Shares') to the following PDMRs under its 2016 Long Term Incentive Plan ('LTIP').

Number of Award Shares

Russ Cummings

315,515

Nigel Pitchford

94,827

Tony Hickson

55,173

Anjum Ahmad

46,433

The options have an exercise price of 3 /(three and one thirty-third) pence per Award Share and are exercisable in three equal tranches during the six month periods commencing on 1 December 2020, 1 December 2021 and 1 December 2022 respectively, subject to certain performance conditions having been satisfied.

This grant of options is part of the Company's long-term incentive arrangements designed to align the interests of the shareholders and executives.

The LTIP was approved by shareholders of the Company at an annual general meeting on 21 November 2016 and was adopted by the Board on the same day. The LTIP provides for options to acquire ordinary shares to be granted to eligible employees. The arrangements are described more fully in the Directors' Remuneration Report in the Group's 2016 Annual Report, a copy of which is available on the Group's website (www.touchstoneinnovations.com).

For further information please contact:

Touchstone Innovations plc

020 3053 8834

David Newlands, Chairman

William Rayner, Company Secretary

Instinctif Partners

020 7457 2020

Adrian Duffield/Melanie Toyne-Sewell/Chantal Woolcock

J.P. Morgan Cazenove (Nominated Adviser)

020 7742 4000

Michael Wentworth-Stanley/Alec Pratt

RBC Capital Markets

020 7653 4000

Darrell Uden/Marcus Jackson/Laura White

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

grant of long term incentive plan awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

315,515

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

2017-10-17

f)

Place of the transaction

OUTSIDE A TRADING VENUE

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

grant of long term incentive plan awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

94,827

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

2017-10-17

f)

Place of the transaction

OUTSIDE A TRADING VENUE

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

grant of long term incentive plan awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

55,173

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

2017-10-17

f)

Place of the transaction

OUTSIDE A TRADING VENUE

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

grant of long term incentive plan awards

c)

Price(s) and volume(s)

Price(s)

Volume(s)

N/A

46,433

d)

Aggregated information

Aggregated volume price

N/A

e)

Date of the transaction

2017-10-17

f)

Place of the transaction

OUTSIDE A TRADING VENUE

Touchstone Innovations plc published this content on 17 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 October 2017 08:15:03 UTC.


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