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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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.75 | -2.24% | 32.75 | 32.00 | 33.50 | 33.25 | 32.25 | 33.25 | 311,338 | 15:07:40 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 35.99M | -20.6M | -0.0879 | -6.26 | 128.82M |
TIDMTXP
RNS Number : 8361M
Touchstone Exploration Inc.
19 September 2023
GRANT OF ANNUAL SHARE OPTIONS
CALGARY, ALBERTA (September 19, 2023) - Touchstone Exploration Inc. ("Touchstone" or the "Company") announces the grant of 3,758,000 share options on September 18, 2023 to its executive officers, non-executive directors and key employees in accordance with the Company's shareholder approved omnibus incentive compensation plan.
Each share option allows the holder to purchase one Company common share at an exercise price of C$1.15 per common share, which was measured by reference to the five-day volume weighted average price of the Company's common shares on the Toronto Stock Exchange to the close of trading on September 15, 2023. The share options have a five-year term and vest one third on each of the next three anniversaries of the grant date.
The annual grant was awarded to the following recipients:
Recipient Number of share options granted --------------------------------------------- ----------------- Paul R. Baay, Director, President and Chief Executive Officer 500,000 Scott Budau, Chief Financial Officer 320,000 James Shipka, Chief Operating Officer 320,000 Jenny Alfandary, Non-Executive Director 120,000 Priya Marajh, Non-Executive Director 115,000 Kenneth R. McKinnon, Non-Executive Director 142,500 Peter Nicol, Non-Executive Director 132,500 Beverley Smith, Non-Executive Director 127,500 Stanley T. Smith, Non-Executive Director 137,500 Harrie Vredenburg, Non-Executive Director 115,000 John D. Wright, Non-Executive Director 150,000 Thomas E. Valentine, Corporate Secretary 110,000 Employees 1,468,000 --------------------------------------------- ----------------- Total 3,758,000 --------------------------------------------- -----------------
Following this grant, the Company has a total of 15,217,101 share options outstanding, representing approximately 6.5 percent of the Company's outstanding common shares.
The notification below, made in accordance with the requirements of the UK 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)
Daniel Bush / Toby Gibbs / Iain Sexton Tel: +44 (0) 207 408 4090
Canaccord Genuity (Joint Broker)
Adam James / Gordon Hamilton Tel: +44 (0) 207 523 8000
FTI Consulting (Financial PR)
Nick Hennis / Ben Brewerton Tel: +44 (0) 203 727 1000
Email: touchstone@fticonsulting.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.
Details of the person discharging managerial responsibilities 1. / person closely associated a) Name 1. Paul R. Baay 2. Scott Budau 3. James Shipka 4. Jenny Alfandary 5. Priya Marajh 6. Kenneth R. McKinnon 7. Peter Nicol 8. Beverley Smith 9. Stanley T. Smith 10. Dr. Harrie Vredenburg 11. John D. Wright 12. Thomas E. Valentine --------------------------- ------------------------------------------------ Reason for the notification 2. ----------------------------------------------------------------------------- a) Position/status 1. Director, President and 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 11. Non-Executive Director 12. Corporate Secretary --------------------------- ------------------------------------------------ b) Initial notification Initial notification /Amendment --------------------------- ------------------------------------------------ Details of the issuer, emission allowance market participant, 3. auction platform, auctioneer or auction monitor ----------------------------------------------------------------------------- a) Name Touchstone Exploration Inc. --------------------------- ------------------------------------------------ b) LEI 2138008URBSUC1J24J73 --------------------------- ------------------------------------------------ Details of the transaction(s): section to be repeated for 4. (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$1.15 and an expiry date of September 18, 2028. 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 500,000 ---------------- -------- 2. Nil 320,000 ---------------- -------- 3. Nil 320,000 ---------------- -------- 4. Nil 120,000 ---------------- -------- 5. Nil 115,000 ---------------- -------- 6. Nil 142,500 ---------------- -------- 7. Nil 132,500 ---------------- -------- 8. Nil 127,500 ---------------- -------- 9. Nil 137,500 ---------------- -------- 10. Nil 115,000 ---------------- -------- 11. Nil 150,000 ---------------- -------- 12. Nil 110,000 ---------------- -------- --------------------------- ------------------------------------------------ d) Aggregated information Aggregate volumes - Aggregated volume 1. 500,000 2. 320,000 3. 320,000 4. 120,000 5. 115,000 6. 142,500 7. 132,500 8. 127,500 9. 137,500 10. 115,000 11. 150,000
12. 110,000 Aggregate prices 1. Nil 2. Nil - Price 3. Nil 4. Nil 5. Nil 6. Nil 7. Nil 8. Nil 9. Nil 10. Nil 11. Nil 12. Nil --------------------------- ------------------------------------------------ e) Date of the transaction September 18, 2023 --------------------------- ------------------------------------------------ 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
September 19, 2023 02:00 ET (06:00 GMT)
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