Tertiary Minerals PLC Director Dealing, Issue of Equity and TVR (5234V)

TIDMTYM

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   Price of Ordinary         Interest in       % of Company's 
                          Shares issued       Shares issued        total number         issued share 
                                                                    of Ordinary    capital following 
                                                               Shares following            Admission 
                                                                      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,   Ordinary shares of 0.01p 
       type of instrument:                        each 
       Identification code: 
                                                  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:                    Single transaction as 
       Aggregated volume:                         in 4 c) above Price(s)       Volume(s) 
       Price:                                      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            Tel: [phone] 
  Chairman 
  Richard Clemmey, Managing Director 
 SP Angel Corporate Finance LLP 
  Nominated Adviser & Broker             Tel: [phone] 
  Richard Morrison/Caroline Rowe 
 

Notes to Editors

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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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December 03, 2019 07:14 ET (12:14 GMT)