Tertiary Minerals (TYM)

 

LSE:TYM: Director Dealing, Issue of Equity, TVR

Tertiary Minerals

01 Feb 2017 14:22:34

Tertiary Minerals

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 Ordinary Shares issued

Price of Ordinary Shares issued

Interest in total number of Ordinary Shares following Admission

% of Company's issued share capital following 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 instrument, type of instrument:

Identification code:

Ordinary shares of 1p each

 
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:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

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
 
 
MSCZFLFBDLFLBBB
Our secure site will be unavailable this Sunday (22nd) from 6am until the evening. Sorry for any inconvenience.