Tertiary Minerals PLC Issue of Equity, Warrants and Director Dealing (9135R)
March 14 2016 - 3:00AM
UK Regulatory
TIDMTYM
RNS Number : 9135R
Tertiary Minerals PLC
14 March 2016
Tertiary Minerals plc
www.tertiaryminerals.com
("Tertiary" or "the Company")
14 March 2016
Issue of Equity, Total Voting Rights and Grant of Warrants
Issue of Equity
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 11 March 2016, the Company resolved to issue a total of
97,170 Ordinary Shares to Donald McAlister for the period ended 31
December 2016. The Ordinary Shares were issued at a price of 1.4
pence per share, being the closing mid-market price on 11 March
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:
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 97,170 1.4 pence 354,957 0.164%
Application has been made to the London Stock Exchange for
97,170 Ordinary Shares to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around 17 March 2016.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure and
Transparency Rules ("DTR"), following the share issue referred to
above, the total issued share capital of the Company with voting
rights will be 216,845,276 ordinary shares.
The above figure of 216,845,276 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.
Grant of Warrants
The Company also announces that on 11 March 2016 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 1.4 pence per share, being the
closing mid-market price on 11 March 2016, and the warrants may be
exercised at any time within 4 years from 11 March 2017.
Enquiries
Tertiary Minerals plc
Patrick Cheetham, Executive
Chairman
Richard Clemmey, Managing
Director +44 (0) 1625 838679
SP Angel Corporate Finance
LLP
Nominated Adviser & Joint
Broker
Ewan Leggat /Tercel Moor +44 (0) 20 3470 0470
Beaufort Securities Ltd
Joint Broker
Jon Belliss/Elliot Hance +44 (0)20 7382 8300
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).
Cautionary Notice
The news release may contain certain statements and expressions
of belief, expectation or opinion which are forward looking
statements, and which relate, inter alia, to the Company's proposed
strategy, plans and objectives or to the expectations or intentions
of the Company's directors. Such forward-looking statements involve
known and unknown risks, uncertainties and other important factors
beyond the control of the Company that could cause the actual
performance or achievements of the Company to be materially
different from such forward-looking statements. Accordingly, you
should not rely on any forward-looking statements and save as
required by the AIM Rules for Companies or by law, the Company does
not accept any obligation to disseminate any updates or revisions
to such forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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