Tertiary Minerals PLC Director Dealing, Issue of Equity and TVR (3431X)
August 27 2015 - 10:03AM
UK Regulatory
TIDMTYM
RNS Number : 3431X
Tertiary Minerals PLC
27 August 2015
Tertiary Minerals plc
www.tertiaryminerals.com
("Tertiary" or "the Company")
27 August 2015
Director Dealing, Issue of Equity and Total Voting Rights
Tertiary Minerals plc, the AIM traded company building a
strategic position in the fluorspar sector announces that pursuant
to terms agreed on 30 April 2014 and further to the RNS dated 20
August 2014, the non-executive directors of the Company will be
receiving a portion of their annual fees in Tertiary Minerals'
ordinary shares of 1 penny each ("Ordinary Shares"), on a six
monthly ongoing basis, calculated with reference to the closing
mid-market price the trading day prior to the issue of the Ordinary
Shares.
On 27 August 2015, the Company resolved to issue a total of
35,897 Ordinary Shares to David Whitehead, a non-executive
director, for the period 1 January to 5 April 2015. The Ordinary
Shares were issued at a price of 3.0 pence per share, being the
closing mid-market price on 26 August 2015.
The following table shows the number of Ordinary Shares in which
David Whitehead has an interest following the issue of the Ordinary
Shares:
Director Number Price of Interest % of Company's
of Ordinary Ordinary in total issued share
Shares Shares issued number of capital
issued Ordinary following
Shares following Admission
Admission
David Whitehead* 35,897 3.0 pence 414,900 0.221%
* Mr David Whitehead is interested in 414,900 ordinary shares
held through Glebekinvara (a company in which David Whitehead and
his wife, Ann Whitehead, are both directors and are both 50%
beneficial shareholders) in the name of Davycrest Nominees
Limited.
Application has been made to the London Stock Exchange for
35,897 Ordinary Shares to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around 3 September 2015.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure and
Transparency Rules ("DTR"), following the issue and Admission, the
total issued share capital of the Company with voting rights will
be 187,859,217 ordinary shares.
The above figure of 187,859,217 ordinary shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the DTR.
Enquiries
Tertiary Minerals plc
Patrick Cheetham, Executive
Chairman
Richard Clemmey, Managing
Director +44 (0)845 868 4580
SP Angel Corporate Finance
LLP
Nominated Adviser & Joint
Broker
Ewan Leggat
Katy Birkin +44 (0) 20 3470 0470
Beaufort Securities Ltd
Joint Broker
Saif Janjua +44 (0)20 7382 8300
Yellow Jersey PR Limited
Dominic Barretto
Kelsey Traynor +44 (0)7768 537 739
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-quoted
mineral exploration and development company building a significant
strategic position in the fluorspar sector. Fluorspar is an
essential raw material in the chemical, steel and aluminium
industries. Tertiary controls two significant Scandinavian projects
(Storuman in Sweden and Lassedalen in Norway) and a large deposit
of strategic significance in Nevada USA (MB Project).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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