Touchstone Innovations PLC Issue of Equity (5293X)

TIDMIVO

RNS Number : 5293X

Touchstone Innovations PLC

27 November 2017

27 November 2017

Touchstone Innovations plc

Issue of equity

Touchstone Innovations plc (AIM: IVO, "Touchstone" or "the Company") has allotted 228,676 new ordinary shares of 3(1) /(33) (three and one thirty-third) pence each in the capital of the Company ("Ordinary Shares") to certain employees of Touchstone, including its four persons discharging managerial responsibilities ("PDMRs"), who exercised options to subscribe for Ordinary Shares at price of 3(1) /(33) (three and one thirty-third) pence per Ordinary Share.

Application will now be made for such Ordinary Shares to be admitted to trading on AIM ("Admission"), which is expected to occur at 8.00am on 1 December 2017. The new Ordinary Shares, when issued, will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares.

Following Admission, the Company's total issued and voting share capital will comprise 161,432,800 Ordinary Shares (with no Ordinary Shares being held in treasury). This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 27, 2017 02:00 ET (07:00 GMT)