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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Touchstone Exploration Inc | LSE:TXP | London | Ordinary Share | CA89156L1085 | COM SHS NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 1.29% | 39.25 | 39.00 | 39.50 | 39.25 | 39.00 | 39.00 | 447,595 | 10:30:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 35.99M | -20.6M | -0.0879 | -7.74 | 159.26M |
TIDMTXP
RNS Number : 7068Z
Touchstone Exploration Inc.
25 May 2021
GRANT OF ANNUAL SHARE OPTIONS
CALGARY, ALBERTA (May 25, 2021) - Touchstone Exploration Inc. ("Touchstone" or the "Company") announces the grant of 2,713,000 share options on May 25, 2021 to its executive officers, non-executive directors and key employees in accordance with the Company's shareholder approved stock option plan. The annual grant was awarded to the following recipients:
Recipient Number of share options granted ----------------------------------------------- ----------------- Paul R. Baay, President, Chief Executive Officer and Director 450,000 Scott Budau, Chief Financial Officer 300,000 James Shipka, Chief Operating Officer 300,000 Kenneth R. McKinnon, Non-Executive Director 142,500 Peter Nicol, Non-Executive Director 132,500 Beverley Smith, Non-Executive Director 15,000 Stanley T. Smith, Non-Executive Director 137,500 Thomas E. Valentine, Non-Executive Director 142,500 Dr. Harrie Vredenburg, Non-Executive Director 117,500 John D. Wright, Non-Executive Director 147,500 Employees 828,000 ----------------------------------------------- ----------------- Total 2,713,000 ----------------------------------------------- -----------------
The share options were issued with an exercise price of C$1.73 per common share, which was measured by reference to the five-day weighted average trading price of the Company's common shares on the Toronto Stock Exchange to the close of trading on May 21, 2021. The share options have a five-year term and vest one third on each of the next three anniversaries of the grant date.
Following this grant, the Company has a total of 12,030,434 share options outstanding, representing 5.7 percent of the Company's outstanding common shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the above transactions.
Touchstone Exploration Inc.
Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol " TXP " .
For further information about Touchstone, please visit our website at www.touchstoneexploration.com or contact:
Touchstone Exploration Inc.
Mr. Paul Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487
Mr. Scott Budau, Chief Financial Officer
Shore Capital (Nominated Advisor and Joint Broker)
Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin Tel: +44 (0) 207 408 4090
Corporate Broking: Jerry Keen
Canaccord Genuity (Joint Broker)
Adam James / Henry Fitzgerald O'Connor / Thomas Diehl Tel: +44 (0) 207 523 8000
Camarco (Financial PR)
Nick Hennis / Billy Clegg Tel: +44 (0) 203 781 8330
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulations.
1. Details of the person discharging managerial responsibilities / person closely associated a) Name 1. Paul R. Baay 2. Scott Budau 3. James Shipka 4. Kenneth R. McKinnon 5. Peter Nicol 6. Beverley Smith 7. Stanley T. Smith 8. Thomas E. Valentine 9. Dr. Harrie Vredenburg 10. John D. Wright --------------------------- ------------------------------------------------ 2. Reason for the notification ----------------------------------------------------------------------------- a) Position/status 1. Chief Executive Officer 2. Chief Financial Officer 3. Chief Operating Officer 4. Non-Executive Director 5. Non-Executive Director 6. Non-Executive Director 7. Non-Executive Director 8. Non-Executive Director 9. Non-Executive Director 10. Non-Executive Director --------------------------- ------------------------------------------------ b) Initial notification Initial notification /Amendment --------------------------- ------------------------------------------------ 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------- a) Name Touchstone Exploration Inc. --------------------------- ------------------------------------------------ b) LEI 2138008URBSUC1J24J73 --------------------------- ------------------------------------------------ 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 Options over common shares of no par financial instrument, value in the capital of Touchstone Exploration type of instrument Inc., each with an exercise price of C$1.73 and an expiry date of 25 May 2026. Identification code CA89156L1085 --------------------------- ------------------------------------------------ b) Nature of the transactions Grant of share options to executive directors/officers --------------------------- ------------------------------------------------ c) Prices and volumes Effective price Volumes 1. Nil 450,000 ---------------- -------- 2. Nil 300,000 ---------------- -------- 3. Nil 300,000 ---------------- -------- 4. Nil 142,500 ---------------- -------- 5. Nil 132,500 ---------------- -------- 6. Nil 15,000 ---------------- -------- 7. Nil 137,500 ---------------- -------- 8. Nil 142,500 ---------------- -------- 9. Nil 117,500 ---------------- -------- 10. Nil 147,500 ---------------- -------- --------------------------- ------------------------------------------------ d) Aggregated information Aggregate volumes - Aggregated volume 1. 450,000 2. 300,000 3. 300,000 4. 142,500 5. 132,500 6. 15,000 7. 137,500 8. 142,500 9. 117,500 10. 147,500 Aggregate prices 1. Nil 2. Nil 3. Nil 4. Nil - Price 5. Nil 6. Nil 7. Nil 8. Nil 9. Nil 10. Nil --------------------------- ------------------------------------------------ e) Date of the transaction 25 May 2021 --------------------------- ------------------------------------------------ f) Place of the transaction Outside a trading venue --------------------------- ------------------------------------------------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
May 25, 2021 02:01 ET (06:01 GMT)
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