Tertiary Minerals PLC Director Dealing, Issue of Equity, TVR (7753V)
February 01 2017 - 9:22AM
UK Regulatory
TIDMTYM
RNS Number : 7753V
Tertiary Minerals PLC
01 February 2017
Tertiary Minerals plc
www.tertiaryminerals.com
("Tertiary" or "the Company")
1 February 2017
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
penny 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 31 January 2017, the Company resolved to issue a total of
132,720 Ordinary Shares to Donald McAlister for the period ended 31
December 2016. The Ordinary Shares were issued at a price of 1.025
pence per share, being the closing mid-market price on 30 January
2017.
The following table shows the number of Ordinary Shares issued
to Donald McAlister and his total holding following the issue of
the Ordinary Shares:
Director Number of Price of Interest % of Company's
Ordinary Ordinary in total issued share
Shares issued Shares issued number of capital
Ordinary following
Shares following Admission
Admission
------------------ --------------- --------------- ------------------ ---------------
Donald McAlister 132,720 1.025 pence 586,614 0.22%
------------------ --------------- --------------- ------------------ ---------------
Application has been made to the London Stock Exchange for
132,720 Ordinary Shares to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around 7 February 2017.
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 267,076,933 ordinary shares.
The above figure of 267,076,933 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.
Grant of Warrants
The Company also announces that on 31 January 2017 the Board of
the Company granted a total of 1,000,000 warrants to its employees
and the Company Secretary. No warrants were issued to directors of
the Company.
Each warrant entitles the holder to subscribe for one ordinary
share of the Company at the price of 1.025 pence per share, being
the closing mid-market price on 30 January 2017, and the warrants
may be exercised at any time within 4 years from 30 January
2018.
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)
------------- ----------
1.025 pence 132,720
------------- ----------
--- --------------------------------- -------------------------------------------
d) Aggregated information: Single transaction
Aggregated volume: as in 4 c) above Price(s) Volume(s)
Price: ------------- ----------
1.025 pence 132,720
------------- ----------
--- --------------------------------- -------------------------------------------
e) Date of the transaction: 31 January 2017
14:00 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 /Lindsay
Mair +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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