TIDMTYM

RNS Number : 0827R

Tertiary Minerals PLC

04 March 2021

4 March 2021

TERTIARY MINERALS PLC

("Tertiary" or "the Company")

Notice of General Meeting - Wednesday 24 March 2021

Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio announces that it is holding a General Meeting on Wednesday 24 March 2021. The business of the General Meeting will be to consider and, if thought fit, to pass a special resolution to empower the directors to disapply the pre-emption rights in respect of those shares that were authorised for issue by Shareholders at the Annual General Meeting of the Company held on 28 January 2021 ("the AGM").

Having raised capital recently, as announced on 26 January 2021, the Company has no immediate plans to issue new securities.

However, a resolution to disapply pre-emptive rights has been approved at all previous Annual General Meetings but failed to pass at this year's AGM. Given that only 4.25% of shares then in issue were voted at the AGM, the Directors are of the view that the wishes of the Shareholders as a whole may not have been properly represented and would like to give Shareholders a second opportunity to consider granting this authority.

The Board considers that this resolution is in the best interest of the Company's shareholders and the Company as a whole. Accordingly, the Board unanimously recommends that Shareholders vote in favour of the New Resolution, as they intend to do so in respect of their own beneficial holdings of Ordinary Shares which amount, in aggregate, to 15,579,080 Ordinary Shares representing approximately 1.32 per cent. of the total issued share capital of the Company as at today's date.

A circular and Notice of General Meeting has today been posted to shareholders.

General Meeting Arrangements

The General Meeting will be held at 11.00am on Wednesday 24 March 2021.

The Board continues to monitor the Government advice in relation to the COVID-19 situation and public gatherings. The Board believes that all shareholders will wish to comply with these guidelines and therefore physical attendance in person at the GM will not be permitted. The Company encourages shareholders to appoint the Chairman as their proxy with their voting instructions. Forms of Proxy must be received by no later than 48 hours before the commencement of the meeting and can be submitted electronically at www.signalshares.com.

The Company will continue to monitor the situation and if Government advice dictates that further changes to the arrangements for the General Meeting are necessary, details will be published on the website and via a Regulatory Information Service.

For more information please contact:

 
 Tertiary Minerals plc: 
 Patrick Cheetham, Executive 
  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 
                                 ------------------------------

EXPECTED TIMETABLE OF PRINCIPAL EVENTS

 
 Event                                                          Date 
 Posting of the Circular and Notice            Thursday 4 March 2021 
  of General Meeting 
 Latest time and date for receipt of      11.00 a.m. Monday 22 March 
  Forms of Proxy                                                2021 
 Latest time and date for receipt of      11.00 a.m. Monday 22 March 
  CREST Proxy Instructions                                      2021 
 General Meeting                       11.00 a.m. Wednesday 24 March 
                                                                2021 
 Announcement of the results of the          Wednesday 24 March 2021 
  General Meeting

Market Abuse Regulation (MAR) Disclosure

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END

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March 04, 2021 02:00 ET (07:00 GMT)

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