Touchstone Exploration Inc. Exercise of Incentive Share Options (9041W)
16 Dicembre 2019 - 8:01AM
UK Regulatory
TIDMTXP
RNS Number : 9041W
Touchstone Exploration Inc.
16 December 2019
16 December 2019
Touchstone Exploration Inc.
("Touchstone" or the "Company")
Notification of Transaction by Director / PDMR
Exercise of Incentive Share Options
Touchstone Exploration Inc. (TSX, LSE: TXP), an oil and gas
exploration and production company active in the Republic of
Trinidad and Tobago, announces that on 13 December 2019,
Non-Executive Directors Kenneth McKinnon and Harrie Vredenburg each
exercised incentive share options over 7,500 common shares of no
par value in the Company ("Common Shares") at a price of C$0.10 per
Common Share (approximately 5.8 pence per share). These incentive
share options were previously granted in 2013 in accordance with
the Company's incentive share option plan.
Application has been made for the 15,000 new Common Shares,
which will rank pari passu with the Company's existing issued share
capital, to be admitted to trading on the Toronto Stock Exchange
and AIM ("Admission"). These new Common Shares are expected to be
admitted to trading on December 18, 2019. Immediately following
Admission, the Company's issued share capital will consist of
160,703,095 common shares. The Company does not hold any Common
Shares in treasury. This figure may be used by shareholders to
determine if they are required to notify their interest in, or a
change to their interest in, the Company.
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. Kenneth McKinnon
2. Harrie Vredenburg
-------------------------- ---------------------------------------------
2 Reason for the notification
a) Position/status 1. Non-Executive Director
2. 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 Common Shares of no par value in Touchstone
financial instrument, Exploration Inc.
type of instrument
CA89156L1085
Identification code
-------------------------- ---------------------------------------------
b) Nature of the transaction Exercise of incentive share options
-------------------------- ---------------------------------------------
Prices and volumes Effective price Volumes
c) 1. 5.8p 7,500
---------------- --------
2. 5.8p 7,500
---------------- --------
-------------------------- ---------------------------------------------
d) Aggregated information
- Aggregated volume 15,000 incentive share options exercised
- Price 5.8p each
-------------------------- ---------------------------------------------
e) Date of the transaction 13 December 2019
-------------------------- ---------------------------------------------
f) Place of the transaction Outside of a trading platform
-------------------------- ---------------------------------------------
Touchstone Exploration Inc.
Touchstone Exploration Inc. is a Calgary 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. James Shipka, Chief Operating Officer
Shore Capital (Nominated Advisor and Broker)
Nominated Advisor: Edward Mansfield / Daniel Bush Tel: +44 (0)
207 408 4090
Corporate Broking: Jerry Keen
Camarco (Financial PR)
Nick Hennis / Jane Glover Tel: +44 (0) 203 781 8330
Advisories
For reference purposes in this announcement, one British pound
has been translated from Canadian dollars at a rate of 1.00 to
1.74.
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.
END
MSCLLFEDFFLELIA
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December 16, 2019 02:01 ET (07:01 GMT)
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