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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCGPUQCBUPWGBR
(END) Dow Jones Newswires
September 19, 2023 02:00 ET (06:00 GMT)
Touchstone Exploration (LSE:TXP)
Historical Stock Chart
From Apr 2024 to May 2024
Touchstone Exploration (LSE:TXP)
Historical Stock Chart
From May 2023 to May 2024
