REG - Touchstone Explrtn. - Offer Update – confirmation of lapsing of offer

Touchstone ExplorationAnnouncement

25/09/2024 16:45

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RNS Number : 6784F  Touchstone Exploration Inc.  25 September 2024

 

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25 September 2024

 

Touchstone Exploration Inc. ("Touchstone")

 

Lapsing of offer for Trinity Exploration & Production plc

 

CALGARY, ALBERTA - Further to Touchstone's announcement of 19 September 2024,
the board of directors of Touchstone (the "Touchstone Board") notes Trinity
Exploration & Production plc's announcement earlier today that the
Touchstone Scheme has now been withdrawn.

 

Accordingly, the Touchstone Board confirms that, with the Takeover Panel's
consent, the Acquisition has now lapsed and the Co-operation Agreement has
automatically terminated in accordance with its terms.

 

Capitalised terms used but not defined in this announcement have the meanings
given to them in the shareholder circular published by Trinity in connection
with the Scheme on 24 May 2024 (the "Touchstone Scheme Document").

 

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
(https://url.avanan.click/v2/___http:/www.touchstoneexploration.com/___.YXAxZTpzaG9yZWNhcDphOm86NjhmMTNlYmU3ZjdlZDY3NWJjYWUxOWVmYTQ1NDRiZWY6NjozZTEzOjE1YmU5NzYwODE4MjE4YzI5YzY4ZDVjMGMzYTI2YzMwZTZjZGI1N2QzMmYwY2MxOThkYmVjMWVkMTFlMmMzZGI6cDpG)
or contact:

 

Touchstone Exploration Inc.

Paul Baay, President and Chief Executive Officer
      Tel: +1 (403) 750-4487

Scott Budau, Chief Financial Officer

 

Shore Capital (Nominated Advisor and Joint Broker)

Daniel Bush / Toby Gibbs / Tom Knibbs
             Tel: +44 (0) 207 408 4090

 

Canaccord Genuity (Joint Broker)

Adam James / Charlie
Hammond
              Tel: +44 (0) 207 523 8000

 

FTI Consulting (Financial PR)

Nick Hennis / Ben Brewerton
                       Tel: +44 (0) 203 727 1000

Email: touchstone@fticonsulting.com (mailto:touchstone@fticonsulting.com)

 

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