Touchstone Innovations PLC Exercise of share options (5295X)
27 November 2017 - 6:00PM
UK Regulatory
TIDMIVO
RNS Number : 5295X
Touchstone Innovations PLC
27 November 2017
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(1) /(33) (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:
020 3053
Touchstone Innovations plc 8834
Russ Cummings, Chief Executive Officer
William Rayner, General Counsel
and Company Secretary
Jon Davies, Director of Communications
020 7457
Instinctif Partners 2020
Adrian Duffield/Mel Toyne-Sewell/Chantal
Woolcock
J.P. Morgan Cazenove (Nominated 020 7742
adviser) 4000
Michael Wentworth-Stanley/Alec Pratt
RBC Capital Markets (Joint corporate 020 7653
broker) 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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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 ORDINARY SHARES OF 3 (1)
the financial instrument /(33) PENCE EACH IN THE CAPITAL
OF THE COMPANY
Identification
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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 ORDINARY SHARES OF 3 (1)
the financial instrument /(33) PENCE EACH IN THE CAPITAL
OF THE COMPANY
Identification
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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 ORDINARY SHARES OF 3 (1)
the financial instrument /(33) PENCE EACH IN THE CAPITAL
OF THE COMPANY
Identification
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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 NOMINAL VALUE OPTIONS OVER
the financial instrument ORDINARY SHARES OF 3 (1)
/(33) PENCE EACH IN THE CAPITAL
Identification OF THE COMPANY
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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 ORDINARY SHARES OF 3 (1)
the financial instrument /(33) PENCE EACH IN THE CAPITAL
OF THE COMPANY
Identification
Code 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 N/A
Aggregated volume
price
--- ------------------------------- ---------------------------------
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.
--- ------------------------------- ---------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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