Source - LSE Regulatory
RNS Number : 5234V
Tertiary Minerals PLC
03 December 2019
 

Tertiary Minerals plc

www.tertiaryminerals.com

("Tertiary" or "the Company")

 

3 December 2019

 

Director Dealing, Issue of Equity and

Total Voting Rights

 

Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio 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 settlement of a portion of his outstanding fees in ordinary shares of 0.01 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 2 December 2019, the Company resolved to issue a total of 651,900 Ordinary Shares to Donald McAlister for the six-month period ended 30 June 2019.

 

These Ordinary Shares were issued at a price of 0.210 pence per share, being the closing mid-market price on 29 November 2019.

 

The following table shows the number of Ordinary Shares issued to Donald McAlister together with his total holdings 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

651,900

0.210 pence

1,947,243

0.407%

 

Application has been made to the London Stock Exchange for 651,900 Ordinary Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur at 8:00a.m. on or around 9 December 2019.

 

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 478,727,565 ordinary shares.

 

The above figure of 478,727,565 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 notifications 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 0.01p 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)

0.210 pence

651,900

 

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)

Volume(s)

0.210 pence

651,900

 

e)

Date of the transaction:

2 December 2019

14:30 UTC

f)

Place of the transaction:

Outside a trading venue

 

 

Enquiries

 

Tertiary Minerals plc

Patrick Cheetham, Executive Chairman 

Richard Clemmey, Managing Director

 

 

 

 

Tel: +44 (0)1625 838 679

SP Angel Corporate Finance LLP

Nominated Adviser & Broker

Richard Morrison/Caroline Rowe

 

 

Tel: +44 (0) 20 3470 0470

 

Notes to Editors

 

Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded mineral exploration and development company building a multi-commodity project portfolio.

 

 


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