Director Dealing, Issue of Equity and TVR

RNS Number : 1293G

Tertiary Minerals PLC

03 August 2016

 

Tertiary Minerals plc

www.tertiaryminerals.com

("Tertiary" or "the Company")

     3 August 2016

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 1 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 2 August 2016, the Company resolved to issue a total of 98,937 Ordinary Shares to Donald McAlister for the period ended 30 June 2016. The Ordinary Shares were issued at a price of 1.375 pence per share, being the closing mid-market price on 1 August 2016.

The following table shows the number of Ordinary Shares issued to Donald McAlister and his total holding 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	98,937	1.375 pence	453,894	0.170%

Application has been made to the London Stock Exchange for 98,937 Ordinary Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around 9 August 2016.

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 266,944,213 ordinary shares.

The above figure of 266,944,213 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 notification 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 1p each   GB0008854563
b)	Nature of the transaction:	Issue of new ordinary shares in lieu of  fees
c)	Price(s) and volume(s):	Price(s) Volume(s)  1.375 pence 98,937
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) 1.375 pence 98,937
e)	Date of the transaction:	2016-08-02 15.00hrs UTC
f)	Place of the transaction:	Outside a trading venue

Enquiries Tertiary Minerals plc Patrick Cheetham, Executive Chairman  Richard Clemmey, Managing Director	[phone]
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker Ewan Leggat / Laura Harrison	[phone]
Beaufort Securities Ltd Joint Broker Elliot Hance	[phone]

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).

 

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