Tertiary Minerals PLC Director Dealing, Issue of Equity and TVR (1293G)
August 03 2016 - 6:11AM
UK Regulatory
TIDMTYM
RNS Number : 1293G
Tertiary Minerals PLC
03 August 2016
Tertiary Minerals plc
www.tertiaryminerals.com
("Tertiary" or "the Company")
3 August 2016
Director Dealing, Issue of Equity, 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, a non-executive director of the Company will be
receiving a portion of his annual fees in ordinary shares of 1
pence each in the Company ("Ordinary Shares"), on a six-monthly
ongoing basis calculated with reference to the closing mid-market
price on the trading day prior to the issue of the Ordinary
Shares.
On 2 August 2016, the Company resolved to issue a total of
98,937 Ordinary Shares to Donald McAlister for the period ended 30
June 2016. The Ordinary Shares were issued at a price of 1.375
pence per share, being the closing mid-market price on 1 August
2016.
The following table shows the number of Ordinary Shares issued
to Donald McAlister and his total holding following the issue of
the Ordinary Shares:
Interest
in total % of Company's
number of issued share
Number of Price of Ordinary capital
Ordinary Ordinary Shares following following
Director Shares issued Shares issued Admission Admission
------------------ ---------------- ---------------- ------------------ -----------------
Donald McAlister 98,937 1.375 pence 453,894 0.170%
------------------ ---------------- ---------------- ------------------ -----------------
Application has been made to the London Stock Exchange for
98,937 Ordinary Shares to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around 9 August 2016.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure and
Transparency Rules ("DTRs"), following the issue and Admission, the
total issued share capital of the Company with voting rights will
be 266,944,213 ordinary shares.
The above figure of 266,944,213 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 DTRs.
Market Abuse Regulation
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail on the
issue of ordinary shares to a director.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM.
1. Details of the person discharging managerial
responsibilities/person closely associated
--- ------------------------------------------------------------------------------
a) Name: Donald McAlister
--- --------------------------------- -------------------------------------------
2. Reason for the notification
--- ------------------------------------------------------------------------------
a) Position/status: Non-Executive
Director
--- --------------------------------- -------------------------------------------
b) Initial notification/Amendment: Initial notification
--- --------------------------------- -------------------------------------------
3. Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ------------------------------------------------------------------------------
a) Name: Tertiary Minerals
plc
--- --------------------------------- -------------------------------------------
b) LEI: 213800OT9C6DQN9VO543
--- --------------------------------- -------------------------------------------
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 Ordinary shares
instrument, type of instrument: of 1p each
Identification code:
GB0008854563
--- --------------------------------- -------------------------------------------
b) Nature of the transaction: Issue of new ordinary
shares in lieu
of fees
--- --------------------------------- -------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
------------- ----------
1.375 pence 98,937
------------- ----------
--- --------------------------------- -------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------- ----------
1.375 pence 98,937
------------- ----------
--- --------------------------------- -------------------------------------------
e) Date of the transaction: 2016-08-02
15.00hrs UTC
--- --------------------------------- -------------------------------------------
f) Place of the transaction: Outside a trading
venue
--- --------------------------------- -------------------------------------------
Enquiries
Tertiary Minerals plc
Patrick Cheetham, Executive
Chairman
Richard Clemmey, Managing
Director +44 (0)1625 838 679
SP Angel Corporate Finance
LLP
Nominated Adviser & Joint
Broker
Ewan Leggat / Laura Harrison +44 (0) 20 3470 0470
Beaufort Securities Ltd
Joint Broker
Elliot Hance +44 (0)20 7382 8300
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
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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