Tertiary Minerals PLC Grant of Warrants (5576E)
28 Febbraio 2020 - 4:58PM
UK Regulatory
TIDMTYM
RNS Number : 5576E
Tertiary Minerals PLC
28 February 2020
Tertiary Minerals plc
www.tertiaryminerals.com
("Tertiary" or "the Company")
28 February 2020
Grant of Warrants
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
----------------------------------------- ---------------------------------------
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, Warrants, each warrant
type of instrument: to subscribe for one
Identification code: 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): Price(s) Volume(s)
Exercise price 1,500,000 warrants
of 0.340 p
-------------------
----------------------------------------- ---------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: 0.340 pence 1,500,000 warrants
-------------------
----------------------------------------- ---------------------------------------
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: 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, Warrants, each warrant
type of instrument: to subscribe for one
Identification code: 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): Price(s) Volume(s)
Exercise Price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Exercise price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
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: Sondra Pyrch
----------------------------------------- -------------------------------------------
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, Warrants, each warrant
type of instrument: to subscribe for one
Identification code: 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): Price(s) Volume(s)
Exercise Price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Exercise price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
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, Warrants, each warrant
type of instrument: to subscribe for one
Identification code: 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): Price(s) Volume(s)
Exercise Price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Exercise price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
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, Warrants, each warrant
type of instrument: to subscribe for one
Identification code: 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): Price(s) Volume(s)
Exercise Price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Exercise price 400,000 warrants
of 0.340 pence
-----------------
----------------------------------------- -------------------------------------------
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, Warrants, each warrant
type of instrument: to subscribe for one
Identification code: 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): Price(s) Volume(s)
Exercise price 3,000,000 warrants
of 0.340 pence
-------------------
----------------------------------------- -------------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Exercise price 3,000,000 warrants
of 0.340 pence
-------------------
----------------------------------------- -------------------------------------------
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, Warrants, each warrant
type of instrument: to subscribe for one
Identification code: 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): Price(s) Volume(s)
Exercise Price 2,000,000 warrants
of 0.340 pence
-------------------
----------------------------------------- -------------------------------------------
d) Aggregated information: Single transaction as
Aggregated volume: in 4 c) above Price(s) Volume(s)
Price: Exercise price 2,000,000 warrants
of 0.340 pence
-------------------
----------------------------------------- -------------------------------------------
e) Date of the transaction: 27 February 2020
17:00 UTC
----------------------------------------- -------------------------------------------
f) Place of the transaction: Outside a trading venue
----------------------------------------- -------------------------------------------
ENQUIRIES
Tertiary Minerals plc Tel: +44 (0)1625 838 679
Richard Clemmey, Managing Director
Patrick Cheetham, Executive
Chairman
S P Angel Corporate Finance Tel: +44 (0)203 470 0470
LLP
Nominated Adviser & Joint Broker
Richard Morrison/Caroline Rowe
-------------------------
Peterhouse Capital Limited Tel: +44 (0)207 469 0930
Joint Broker
Lucy Williams/Duncan Vasey
-------------------------
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END
MSCFLFEEFDITFII
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February 28, 2020 10:58 ET (15:58 GMT)
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