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Tertiary Minerals #TYM – Grant of Warrants
Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio, announces that as part of the remuneration of employees and directors on 28 June 2021 the Board of the Company granted a total of 12,100,000 five-year warrants to subscribe for new Ordinary Shares of 0.1 pence each (“New Warrants”).
3,100,000 New Warrants were issued to employees of the Company and one non-executive director of the Company (“Employee Warrants”). The Employee Warrants are exercisable at 0.34 pence per share being the closing mid-market price on 25 June 2021, have a five-year term and do not become exercisable (vested) until 12 months from the date of issue.
| Grantee | No. of Warrants | Warrant exercise price | Vesting Period |
| Employees (4)
|
(Total of) 1,600,000 | 0.34 pence per share | 12 months |
| Non-Executive Director
Mr Donald McAlister |
1,500,000 | 0.34 pence per share | 12 months |
In addition, 9,000,000 New Warrants were issued to the Executive Chairman, Mr. Patrick Cheetham, as part of his remuneration and incentive package (“Chairman Warrants”). The Chairman Warrants have escalating exercise prices and vesting periods, as set out below, designed to align the potential rewards with a sustainable medium-term growth in the Company’s share price.
| Grantee | No. of Warrants | Exercise Price | Vesting Period |
| Mr. Patrick Cheetham | 3,000,000 | 0.5 pence | 12 months |
| 3,000,000 | 1.0 pence | 24 months | |
| 3,000,000 | 1.5 pence | 36 months |
ENQUIRIES
| Tertiary Minerals plc
Patrick Cheetham, Executive Chairman
|
Tel: +44 (0)1625 838 679 |
| S P Angel Corporate Finance LLP
Nominated Adviser & Joint Broker Richard Morrison/Caroline Rowe
|
Tel: +44 (0)203 470 0470 |
| Peterhouse Capital Limited
Joint Broker Lucy Williams/Duncan Vasey
|
Tel: +44 (0)207 469 0930 |
Market Abuse Regulation
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (‘MAR’). Upon the publication of this announcement via Regulatory Information Service (‘RIS’), this inside information is now considered to be in the public domain.
The notifications below, made in accordance with the requirements of the Market Abuse Regulations (EU) No. 596/2014, provides further detail on the issue of warrants to employees and directors.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
Link here to view full warrant grant information by person
Tertiary Minerals #TYM – Director / PDMR Shareholding
The Company wishes to advise that Mr. Donald McAlister, a non-executive director of the Company, has, on 16 March 2021, effected a transfer of 2,743,561 ordinary shares in the Company, in which he has the beneficial interest from a CREST nominee account, into his Self-Invested Personal Pension. The shares were sold and immediately repurchased at the same price of 0.46 pence per share.
This transfer of shares was made with appropriate approval from, and in accordance with the Company’s Share Dealing Code and there has been no change to the number of shares in which Mr. McAlister has an interest as a result of this transaction.
Mr. McAlister currently has an interest totalling 2,937,609 ordinary shares in the Company representing 0.25% of the total number of ordinary shares in issue which remains unchanged.
For more information please contact:
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Tertiary Minerals plc: |
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Patrick Cheetham, Executive Chairman |
+44 (0) 1625 838 679 |
|
|
SP Angel Corporate Finance LLP Nominated Adviser and Broker |
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|
Richard Morrison |
+44 (0) 203 470 0470 |
|
|
Caroline Rowe |
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|
|
Peterhouse Capital Limited Joint Broker |
||
|
Lucy Williams |
+ 44 (0) 207 469 0930 |
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|
Duncan Vasey |
|
|
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
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 |
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|
a) |
Name: |
Donald McAlister |
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2. |
Reason for the notification |
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a) |
Position/status: |
Non-Executive Director |
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b) |
Initial notification/Amendment: |
Initial notification |
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|
3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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|
a) |
Name: |
Tertiary Minerals plc |
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b) |
LEI: |
213800OT9C6DQN9VO543 |
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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 |
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|
a) |
Description of the financial instrument, type of instrument: Identification code: |
Ordinary shares of 0.01p each |
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b) |
Nature of the transaction: |
Transfer of 2,743,561 ordinary shares from a CREST account into a Self-Invested Personal Pension. |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above N/a
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e) |
Date of the transaction: |
16 March 2021
|
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f) |
Place of the transaction: |
London Stock Exchange |
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Tertiary Minerals #TYM – Result of AGM
Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio, held its Annual General Meeting (“AGM”) today. All resolutions were passed with the exception of Resolution 5 (being the resolution to disapply pre-emption rights for share issues) which did not achieve the 75% majority of the votes required to pass.
The meeting was held behind closed doors due to Covid-19 restrictions and all proxies received appointed the Chairman as their proxy. Voting on all resolutions was carried out by poll.
The proxies received for each resolution were as follows and include the two shareholders present at the meeting. Consequently “Votes for” and “Against” numbers also reflect the results of the poll. Votes withheld are not counted in a poll.
Resolutions 1-4 were passed and Resolution 5 was not passed.
| 1. Ordinary Resolution: To receive the Accounts and Reports of the Directors and of the Auditors | ||||||
| Votes For | % of votes cast | Against | % of votes cast | At holders’ discretion | % of votes cast | No. Withheld |
| 26,486,089 | 99.81 | 50,000 | 0.19 | 0 | 0.00 | 8,839,206 |
| 2. Ordinary Resolution: To re-elect Mr D A R McAlister as a director | ||||||
| Votes For | % of votes cast | Against | % of votes cast | At holders’ discretion | % of votes cast | No. Withheld |
| 20,127,016 | 65.02 | 10,827,303 | 34.98 | 0 | 0.00 | 4,420,976 |
| 3. Ordinary Resolution: To reappoint Crowe U.K. LLP as Auditor of the Company | ||||||
| Votes For | % of votes cast | Against | % of votes cast | At holders’ discretion | % of votes cast | No. Withheld |
| 20,473,805 | 92.47 | 1,666,109 | 7.53 | 0 | 0.00 | 13,235,381 |
| 4. Ordinary Resolution: To authorise the directors to allot shares | ||||||
| Votes For | % of votes cast | Against | % of votes cast | At holders’ discretion | % of votes cast | No. Withheld |
| 23,877,013 | 68.78 | 10,837,303 | 31.22 | 0 | 0.00 | 660,979 |
| 5. Special Resolution: To approve dis-application of pre-emption rights | ||||||
| Votes For | % of votes cast | Against | % of votes cast | At holders’ discretion | % of votes cast | No. Withheld |
| 20,034,117 | 57.71 | 14,680,199 | 42.29 | 0 | 0.00 | 660,979 |
The Board is disappointed to note that only 4.25% of the total number of shares on issue were voted at the meeting and would encourage all shareholders to use their vote in future.
It is assumed that those shareholders who did not vote had no strong objections to the resolutions being put to the meeting but due to the low voting participation more than 30% of the votes cast were against Resolutions 2, 4 and 5. However, only a very limited number of individual shareholders, representing less than 1.8% of the total number of shares in issue, voted against these resolutions. The Company had not received any indication from dissenting shareholders that they would vote against these resolutions and would encourage any dissenting shareholder to contact the Company in order to discuss their concerns.
In line with its corporate governance policy the Board would like to make the following statement.
Resolution 2 (the reappointment of Donald McAlister as a non-executive director)
Mr McAlister is considered independent of management and free from any business or other relationship which could materially interfere with the exercise of his independent judgement. Given that Mr McAlister has served the Company as a non-executive director for more than nine years, he is proposed for re-election every year rather than every three years which is the usual requirement. We propose that this practice continues.
We have also recently increased the number of independent non-executive directors on the Board. Dr Mike Armitage’s appointment as an independent non-executive director, which was announced in the Company’s news release dated 16 December 2020, took effect immediately on the closing of the AGM. This brings the Company into line with the QCA Corporate Governance Code’s recommendation for small and medium sized companies to have a minimum of two independent non-executive directors.
Resolutions 4 & 5
Resolution 5 (the resolution to disapply pre-emption rights for share issues) was conditional upon the passing of Resolutions 4 (granting the directors the authority to issue shares).
We recognise that Resolutions 4 and 5 are always the most contentious of the resolutions that are normally proposed at our AGM and, on occasion, a few shareholders vote against them. We believe this to be either because they do not wish to see any further shares issued that may dilute their interest in the Company, or that they want any such share issues to be issued by way of a rights issue so that they can participate.
These are legitimate concerns. However, for a junior quoted exploration company it is vital for management to possess authorities to issue shares and to disapply pre-emption rights without the need for recourse to shareholders in order to allow the Company the flexibility to react to events. Rights issues are prohibitively expensive and in any event rights issues do require the passing of a resolution to allow for the general issue of shares and a resolution to disapply the pre-emption rights which would otherwise apply on a strictly proportional basis. Furthermore, the passing of the latter resolution is required to allow for the practical aspects of conducting any rights issue such as rounding up or down of fractional entitlements or for shareholders to be excluded in certain legal jurisdictions.
Currently the Company is well funded and the failure to pass Resolution 5 on this rare occasion will not have a material effect on the Company’s foreseeable future. However, such resolutions are essential for small listed non-revenue generating companies like Tertiary Minerals plc to reach their full potential and continue as going concerns.
We will increase our efforts in future to engage with shareholders although this has to date been challenging given the large proportion of shareholders holding their shares in nominee accounts. We will also examine ways in which shareholders can participate in any future share issues.
Patrick Cheetham, the Executive Chairman is always available to engage with shareholders and we would like to take this opportunity to encourage shareholders to contact him to discuss any Company issues affecting them. He can be contacted at info@tertiaryminerals.com.
Executive Chairman Patrick Cheetham commented: “Our thanks go out to shareholders that were able to participate and vote at our AGM in the middle of the COVID crisis. Your company is well funded following the recent placing, and while the failure to pass Resolution 5 will have no material effect for the foreseeable future, it is essential that we pass such a resolution in future so we are able to respond rapidly to opportunities as they arise. To this end, and in line with our evolution as a multi-commodity project company, we will be further developing and enhancing our investor communication as the year progresses. I look forward to communicating our next steps in this regard.”
Further information:
| Enquiries
Tertiary Minerals plc Patrick Cheetham, Executive Chairman
|
+44 (0)1625 838 679 |
| SP Angel Corporate Finance LLP
Nominated Adviser & Broker Richard Morrison/Caroline Rowe
|
+44 (0)203 470 0470 |
| Peterhouse Capital Limited
Joint Broker Lucy Williams/Duncan Vasey |
+44 (0)207 469 0930 |
Notes to Editors.
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration company building and developing a multi-commodity project portfolio including industrial minerals, base, and precious metals.
Tertiary Minerals #TYM – 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 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 31 July 2020, the Company resolved to issue a total of 587,722 Ordinary Shares to Donald McAlister for the six-month period ended 30 June 2020.
These Ordinary Shares were issued at a price of 0.230 pence per share, being the closing mid-market price on 30 July 2020.
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 |
587,722 |
0.230 pence |
2,937,609 |
0.353% |
Application has been made to the London Stock Exchange for 587,722 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 6 August 2020.
Total Voting Rights
In accordance with Financial Conduct Authority’s Disclosure and Transparency Rules (“DTRs”), the total issued share capital as at today’s date is 831,058,315. Following the issue and Admission of the ordinary shares to Donald McAlister, the total issued share capital of the Company with voting rights will be 831,646,037 ordinary shares.
There are no shares currently held in treasury. The total number of voting rights in the Company will therefore be 831,646,037 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, 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 |
||||
|
b) |
Nature of the transaction: |
Issue of new ordinary shares in lieu of fees |
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|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
31 July 2020 10:30 UTC |
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|
f) |
Place of the transaction: |
Outside a trading venue |
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|
Tertiary Minerals plc: |
||
|
Patrick Cheetham, Chairman |
+44 (0) 1625 838 679 |
|
|
SP Angel Corporate Finance LLP Nominated Adviser and Broker |
||
|
Richard Morrison |
+44 (0) 203 470 0470 |
|
|
Caroline Rowe |
||
|
Peterhouse Capital Limited Joint Broker |
||
|
Lucy Williams |
+ 44 (0) 207 469 0930 |
|
|
Duncan Vasey |
||
Notes to Editors
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a multi-commodity project portfolio.
Tertiary Minerals #TYM raises £600,000 in placing & terminates Bergen Agreement
Tertiary Minerals plc (“Tertiary” or “the Company”) (AIM:TYM) is pleased to announce the entry into a share subscription deed (the “Subscription Deed”) with Precious Metals Capital Group LLC (the “Subscriber”), a U.S. based institutional specialist investor.
Highlights:
- Tertiary Minerals plc raised £600,000 in a placing to Precious Metals Capital Group LLC, an institutional investor
- Termination of funding agreement with Bergen
Pursuant to the Subscription Deed, in the coming days, the Subscriber will make an investment of £600,000, by way of a subscription for Company shares. Further information regarding the placing is set out below.
The proceeds from the subscription will be used by the Company to fund ongoing exploration once the recently announced exploration programmes at the Pyramid Gold and Paymaster Polymetallic Projects in Nevada are completed and to ensure that the Company has sufficient working capital for the foreseeable duration of the Covid-19 pandemic.
The placing will be made by the Subscriber by way of prepayment for Company shares to be issued, at the Subscriber’s request, within 24 months of the date of the placing. A further investment may be made by the Subscriber within 12 months after the date of this placement, but only with the consent of the Company, in the amount not exceeding an additional £600,000, by way of prepayment for shares to be issued, at the Subscriber’s request, within 24 months following the date of such subsequent placement.
The number of shares to be issued as a result of the placing will be determined by dividing the subscription amount (or that part of the subscription amount in relation to which the shares are being issued) by 95% of the prevailing price, the latter being the average of the five daily volume-weighted average prices during a specified period immediately prior to the date of issuance of the shares.
Alternatively, the Subscriber may choose for the subscription price to be equal to £0.0042, being an approximately 133% premium to the Company’s share price on 1 April 2020.
Tertiary’s Managing Director Richard Clemmey commented:
“The recent impact of COVID-19 on the markets and investment outlook has been substantial. We are therefore very pleased to have attracted further interest from a specialist US institutional investor where the funding will further strengthen the company’s cash position and provide additional working capital during these uncertain times as well as enable the Company to continue with the planned exploration on its Paymaster Polymetallic and Pyramid Gold Projects in Nevada.”
Termination of Agreement with Bergen
The Company also announces that the convertible securities issuance deed (the “Agreement”) between the Company and Bergen Global Opportunity Fund, LP (“Bergen”), dated 19 November 2019, the details of which were notified on 20 November 2019, has been terminated by the parties by mutual consent, effective as of 1 April 2020. Following the termination, no further funding will be provided to the Company under the Agreement.
Tertiary’s Managing Director Richard Clemmey further commented:
“Bergen Global Opportunity Fund proved a supportive, valuable and flexible funding partner for Tertiary, and I wish to thank the team at Bergen for their support.”
Related Party Transaction
The Subscriber is deemed a related party by virtue of its relationship with Bergen as defined by AIM Rule 13. Bergen has been a substantial shareholder of the Company within the last twelve months and as a result, the Subscription Deed constitutes a related party transaction.
The board, being Patrick Cheetham, Richard Clemmey and Donald McAlister, are considered to be independent Directors for the purposes of this transaction and, having consulted with the Company’s nominated adviser, consider the terms of the Subscription Deed to be fair and reasonable insofar as shareholders of the Company are concerned.
Total Voting Rights
Application will be made to the London Stock Exchange for any Shares issued and allotted under the Subscription Deed to be admitted to trading on AIM. Such Shares will only be issued to the extent that the Company has corporate authority to do so.
The Company has 733,836,092 Shares in issue with each Share carrying the right to one vote. There are no Shares currently held in treasury. The total number of voting rights in the Company is therefore 733,836,092 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Rules and Transparency Rules.
About Tertiary Minerals plc
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration company building and developing a multi-commodity project portfolio – Industrial minerals, base and precious metals.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For more information please contact:
|
Tertiary Minerals plc: |
||
|
Richard Clemmey, Managing Director |
+44 (0) 1625 838 679 |
|
|
Patrick Cheetham, Chairman |
||
|
SP Angel Corporate Finance LLP Nominated Adviser and Broker |
||
|
Richard Morrison |
+44 (0) 203 470 0470 |
|
|
Caroline Rowe |
||
|
Peterhouse Capital Limited Joint Broker |
||
|
Lucy Williams |
+ 44 (0) 207 469 0930 |
|
|
Duncan Vasey |
||
Tertiary Minerals #TYM – Grant of Warrants at 0.340 pence
Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio announces that a s part of the remuneration of employees and directors on 27 February 2020 the Board of the Company granted a total of 8,100,000 warrants to subscribe for Ordinary Shares at 0.340 pence, being the closing mid-market price on the trading day prior to the issue of the Warrants (i.e. 26 February 2020).
|
Grantee |
No. of Warrants |
Warrant exercise price (pence per share) |
|
Employees (4)
|
(Total of) 1,600,000 |
0.340 p |
|
Managing Director Mr Richard Clemmey |
3,000,000 |
0.340 p |
|
Non-Executive Director Mr Donald McAlister |
1,500,000 |
0.340 p |
|
Executive Chairman Mr Patrick Cheetham |
2,000,000 |
0.340 p |
Each warrant entitles the holder to subscribe for one ordinary share in the Company within 4 years from 27 February 2021.
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 |
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2. |
Reason for the notification |
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|
a) |
Position/status: |
Non-Executive Director |
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|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each
|
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|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
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|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
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|
e) |
Date of the transaction: |
27 February 2020 17:00 UTC |
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|
f) |
Place of the transaction: |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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|
a) |
Name: |
Judith Hayes |
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2. |
Reason for the notification |
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|
a) |
Position/status: |
Administration Manager |
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|
b) |
Initial notification/Amendment: |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
|||||
|
a) |
Name: |
Tertiary Minerals plc |
||||
|
b) |
LEI: |
213800OT9C6DQN9VO543 |
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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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 February 2020 17:00 UTC |
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|
f) |
Place of the transaction: |
Outside a trading venue |
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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|
a) |
Name: |
Sondra Pyrch |
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2. |
Reason for the notification |
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|
a) |
Position/status: |
Company Accountant |
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|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 February 2020 17:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Jaelithe Talboom |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Business Assistant |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 February 2020 17:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Joel Cheetham |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Data Analyst |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 February 2020 17:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Richard Clemmey |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Managing 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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each
|
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 February 2020 17:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Patrick Cheetham |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Executive Chairman |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 February 2020 17:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
ENQUIRIES
|
Tertiary Minerals plc Richard Clemmey, Managing Director Patrick Cheetham, Executive Chairman
|
Tel: +44 (0)1625 838 679 |
|
S P Angel Corporate Finance LLP Nominated Adviser & Joint Broker Richard Morrison/Caroline Rowe
|
Tel: +44 (0)203 470 0470 |
|
Peterhouse Capital Limited Joint Broker Lucy Williams/Duncan Vasey
|
Tel: +44 (0)207 469 09 |
Tertiary Minerals #TYM – 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 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 27 February 2020, the Company resolved to issue a total of 402,644 Ordinary Shares to Donald McAlister for the six-month period ended 31 December 2019.
These Ordinary Shares were issued at a price of 0.340 pence per share, being the closing mid-market price on 26 February 2020.
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 |
402,644 |
0.340 pence |
2,349,887 |
0.320% |
Application has been made to the London Stock Exchange for 402,644 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 5 March 2020 .
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 733,836,092 ordinary shares.
The above figure of 733,836,092 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 |
||||
|
b) |
Nature of the transaction: |
Issue of new ordinary shares in lieu of fees |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
27 February 2020 16:30 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
|
Tertiary Minerals plc: |
|
|
Richard Clemmey, Managing Director |
+44 (0) 1625 838 679 |
|
Patrick Cheetham, Chairman |
|
|
SP Angel Corporate Finance LLP Nominated Adviser and Broker |
|
|
Richard Morrison |
+44 (0) 203 470 0470 |
|
Caroline Rowe |
|
|
Peterhouse Capital Limited Joint Broker |
|
|
Lucy Williams |
+ 44 (0) 207 469 0930 |
|
Duncan Vasey |
|
Notes to Editors
Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a multi-commodity project portfolio.
Tertiary Minerals #TYM – 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 |
||||
|
b) |
Nature of the transaction: |
Issue of new ordinary shares in lieu of fees |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
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.
Tertiary Minerals #TYM – Director Dealing, Issue of Equity, Total Voting Rights and Warrants
Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector announces that a non-executive director of the Company is receiving settlement of a portion of his outstanding fees in ordinary shares of 0.01 pence each in the Company (“Ordinary Shares”) calculated with reference to the closing mid-market price on the trading day prior to the issue of the Ordinary Shares.
On 21 February 2019, the Company resolved to issue a total of 418,578 Ordinary Shares to Donald McAlister for the six-month fee period ended 31 December 2018.
These Ordinary Shares were issued at a price of 0.325 pence per share, being the closing mid-market price on 20 February 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 |
418,578 |
0.325 pence |
1,295,343 |
0.292% |
Application has been made to the London Stock Exchange for 418,578 Ordinary Shares to be admitted to trading on AIM (“Admission”), and it is expected that Admission will occur on or around 28 February 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 443,075,665 ordinary shares.
The above figure of 443,075,665 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
As part of the remuneration of employees and directors the Company also announces that on 21 February 2019 the Board of the Company granted a total of 8.5 million warrants to subscribe for Ordinary Shares as follows:
|
Grantee |
No. of Warrants |
Warrant exercise price (pence per share) |
|
Employees (4)
|
(Total of) 1,600,000 |
0.35 |
|
Company Secretary Mr Colin Fitch |
400,000 |
0.35 |
|
Managing Director Mr Richard Clemmey |
3,000,000 |
0.35 |
|
Non-Executive Director Mr Donald McAlister |
1,500,000 |
0.50 |
|
Executive Chairman Mr Patrick Cheetham |
2,000,000 |
0.50 |
Each warrant entitles the holder to subscribe for one ordinary share in the Company at their respective warrant exercise prices at any time within 4 years from 21 February 2020.
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 (1stsubmission) |
||||
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 |
||||
|
b) |
Nature of the transaction: |
Issue of new ordinary shares in lieu of fees |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 14:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Donald McAlister (2nd submission) |
||||
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Judith Hayes |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Administration Manager |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Celia Jill Barnard-Blom |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Company Accountant |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Jaelithe Talboom |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Business Assistant |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Joel Cheetham |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Data Analyst |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Colin Fitch |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Company Secretary |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Richard Clemmey |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Managing 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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 UTC |
||||
|
f) |
Place of the transaction: |
Outside a trading venue |
||||
1. |
Details of the person discharging managerial responsibilities/person closely associated |
|||||
|
a) |
Name: |
Patrick Cheetham |
||||
2. |
Reason for the notification |
|||||
|
a) |
Position/status: |
Executive Chairman |
||||
|
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: |
Warrants, each warrant to subscribe for one ordinary share of 0.01p each GB0008854563 (Ordinary Shares) |
||||
|
b) |
Nature of the transaction: |
Grant of warrants to subscribe for new ordinary shares |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
21 February 2019 16:00 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 |
|
SVS Securities plc Joint Broker Elliot Hance
|
+44 (0)203 700 0093 |
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).
Tertiary Minerals #TYM – 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 0.01 penny each in the Company, 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 17 August 2018, the Company resolved to issue a total of 217,597 Ordinary Shares to Donald McAlister for the six month period ended 30 June 2018.
These Ordinary Shares were issued at a price of 0.625 pence per share, being the closing mid-market price on 16 August 2018.
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 |
217,597 |
0.625 pence |
876,765 |
0.24% |
Application has been made to the London Stock Exchange for 217,597 Ordinary Shares to be admitted to trading on AIM (“Admission”), and it is expected that Admission will occur on or around 24 August 2018.
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 359,323,754 ordinary shares.
The above figure of 359,323,754 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 |
||||
|
b) |
Nature of the transaction: |
Issue of new ordinary shares in lieu of fees |
||||
|
c) |
Price(s) and volume(s): |
|
||||
|
d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
|
||||
|
e) |
Date of the transaction: |
17 August 2018 14:30 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 & Broker Ewan Leggat /Lindsay Mair
|
+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 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).