Issue of Warrants

RNS Number : 7231X

Tertiary Minerals PLC

15 January 2014

 

TERTIARY MINERALS PLC

www.tertiaryminerals.com

("the Company")

15 January 2014

ISSUE OF WARRANTS

Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, announces that, on 14 January 2014, the Board of the Company granted 1,550,000 warrants to executive directors and employees. The grant to executive directors of the Company was as follows:

Name	Number of warrants granted
Patrick Cheetham (Executive Chairman)	500,000
Richard Clemmey (Managing Director)	350,000

Each warrant entitles the holder to subscribe for one new ordinary share at the price of 11.25 pence per share, being the closing mid-market price on the 13 January 2014, and the warrants may be exercised at any time within 4 years from 14 January 2015.

As a result of this issue of warrants the total number of warrants currently held by each executive director is as follows:

Name	Number of warrants held
Patrick Cheetham	7,000,000
Richard Clemmey	2,350,000

1,500,000 warrants held by directors and employees expired on 31 October 2013.

ENQUIRIES:

Tertiary Minerals plc	Tel: [phone]
Patrick Cheetham, Executive Chairman
Richard Clemmey, Managing Director
Cantor Fitzgerald Europe	Tel: [phone]
Stewart Dickson/Julian Erleigh (Corporate Finance)
Jeremy Stephenson (Corporate Broking)
Beaufort Securities Limited	Tel: [phone]
Christopher Rourke (Corporate Finance)
Guy Wheatley (Corporate Broking)
Yellow Jersey PR Limited	Tel: [phone]
Dominic Barretto/Kelsey Traynor

 

END

 

 

MSCLLFELLEIELIS