Touchstone Exploration Inc. EMPLOYEE SHARE SCHEME & DIRECTOR / PDMR PURCHASES (3943L)
19 April 2018 - 8:01AM
UK Regulatory
TIDMTXP
RNS Number : 3943L
Touchstone Exploration Inc.
19 April 2018
EMPLOYEE SHARE PURCHASE PLAN
AND
DIRECTOR / PDMR PURCHASES
Calgary, Alberta - April 19, 2018 - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX / LSE: TXP) announces the
reinstatement of its Employee Share Purchase Plan (the "Plan"). The
Plan is designed to encourage employees to invest in common shares
of the Company through employee savings and to allow the Company to
provide common shares as an incentive to employees through the
Company's contribution.
All employees are eligible to participate in the Plan and can
contribute 3 to 5% of their earnings. Touchstone will match the
employee's contribution in the range of 100% to 200% based on their
historical participation in the Plan.
The first purchase of the reinstated Plan was April 16, 2018 and
common shares were placed into employee's accounts on April 18,
2018. The common shares were purchased at a price of $0.25.
Director/ PDMR dealing
Mr. Paul R. Baay, President and Chief Executive Officer,
purchased 2,750 common shares. In accordance with the Plan the
Company purchased a further 5,500 common shares resulting in a
total purchase of 8,250 common shares.
Mr. James Shipka, Chief Operating Officer, purchased 1,833
common shares. In accordance with the Plan the Company purchased a
further 3,667 common shares resulting in a total purchase of 5,000
common shares
For further information, please contact:
Touchstone Exploration Inc.
Mr. Paul Baay, President and Chief Executive Officer Tel: +1
(403) 750-4487
Mr. Scott Budau, Chief Financial Officer
www.touchstoneexploration.com
Shore Capital (Nominated Advisor and Joint Broker)
Nominated Adviser: Edward Mansfield / Mark Percy Tel: +44 (0) 20
7408 4090
Corporate Broking: Jerry Keen
GMP FirstEnergy (Joint Broker)
Jonathan Wright / Hugh Sanderson Tel: +44 (0) 207448 0200
Camarco (Financial PR)
Nick Hennis / Jane Glover / Billy Clegg Tel: +44 (0) 203 757
4980
About Touchstone
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".
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name Paul R. Baay
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Chief Executive Officer
--- ------------------------- --------------------------------
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 Common shares in Touchstone
the financial Exploration Inc.
instrument, type
of instrument
CA89156L1085
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Purchase of common shares
transaction by the Trustee of the Employee
Share Purchase Plan
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
$0.25 8,250
--------- ----------
--- ------------------------- --------------------------------
d) Aggregated information
N/A (single transaction)
- Aggregated volume
- Price
--- ------------------------- --------------------------------
e) Date of the transaction 16/04/2018
--- ------------------------- --------------------------------
f) Place of the transaction Toronto Stock Exchange
--- ------------------------- --------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- -----------------------------------------------------------
a) Name James Shipka
--- ------------------------- --------------------------------
2 Reason for the notification
--- -----------------------------------------------------------
a) Position/status Chief Operating Officer
--- ------------------------- --------------------------------
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 Common shares in Touchstone
the financial Exploration Inc.
instrument, type
of instrument
CA89156L1085
Identification
code
--- ------------------------- --------------------------------
b) Nature of the Purchase of common shares
transaction by the Trustee of the Employee
Share Purchase Plan
--- ------------------------- --------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
$0.25 5,000
--------- ----------
--- ------------------------- --------------------------------
d) Aggregated information
N/A (single transaction)
- Aggregated volume
- Price
--- ------------------------- --------------------------------
e) Date of the transaction 16/04/2018
--- ------------------------- --------------------------------
f) Place of the transaction Toronto Stock Exchange
--- ------------------------- --------------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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