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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Touchstone | LSE:IVO | London | Ordinary Share | GB00B170L953 | ORD 3 1/33P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 315.00 | 305.00 | 325.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
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:
Hot Features
Premium
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
DSHOKADNDBDBBDB
(END) Dow Jones Newswires
November 27, 2017 02:00 ET (07:00 GMT)
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