This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
16 January 2024
Touchstar plc
("Touchstar", the "Company" or the "Group")
Grant of options
Touchstar plc (AIM:TST), suppliers of mobile data computing solutions and managed services to a variety of industrial sectors, announces that the Board have approved the grant of up to 211,876 share options over ordinary shares in the capital of the Company ("Options"). Of which 70,000 Options have been awarded to Mark Hardy (CEO) and Natasha (CFO). The Options are exercisable at 95p per share subject to the achievement of certain performance conditions. The Options have been awarded under the Company's Long-Term Incentive Plan ("LTIP") as approved by shareholders at the Company's annual general meeting on 23 June 2021.
Mark Hardy, CEO, has been granted 40,000 Options, following which he now holds in aggregate 116,000 Options. Natasha Rourke, CFO, has been granted 30,000 Options, following which she now holds in aggregate 70,000 Options.
For further information, please contact:
| Touchstar plc Ian Martin Mark Hardy | 0161 874 5050 0161 874 5050 |
| WH Ireland - Nominated Adviser & Broker Corporate Finance - Mike Coe/Sarah Mather
| 020 7220 1666 |
Information on Touchstar plc can be seen at: www.touchstarplc.com
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Mark Hardy | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Chief Executive Officer | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Touchstar plc | ||||
| b) | LEI | 213800EO42MM683FGC44 | ||||
| 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 financial instrument, type of instrument
Identification code | Ordinary shares of 5p each
G00BD9YDB55 | ||||
| b) | Nature of the transaction | Grant of Option under the LTIP | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
40,000 £38,000 | ||||
| e) | Date of the transaction | 16 January 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Natasha Rourke | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | CFO | ||||
| b) | Initial notification/ Amendment | Initial Notification | ||||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
| a) | Name | Touchstar plc | ||||
| b) | LEI | 213800EO42MM683FGC44 | ||||
| 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 financial instrument, type of instrument
Identification code | Ordinary shares of 5p each
G00BD9YDB55 | ||||
| b) | Nature of the transaction | Grant of Option under the LTIP | ||||
| c) | Price(s) and volume(s) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
30,000 £28,500 | ||||
| e) | Date of the transaction | 16 January 2024 | ||||
| f) | Place of the transaction | Outside a trading venue | ||||
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