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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 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
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
DSHOKADNDBDBBDB
(END) Dow Jones Newswires
November 27, 2017 02:00 ET (07:00 GMT)
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