Director Dealing, Issue of Equity,TVR & Correction

RNS Number : 5843U

Tertiary Minerals PLC

30 July 2015

 

Tertiary Minerals plc

www.tertiaryminerals.com

("Tertiary" or "the Company")

30 July 2015

Director Dealing, Issue of Equity, Total Voting Rights and Correction

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, the non-executive directors of the Company will be receiving a portion of their annual fees in Tertiary Minerals ordinary shares of 1 penny each ("Ordinary Shares"), on a six monthly ongoing basis calculated with reference to the closing mid-market price the trading day prior to the issue of the Ordinary Shares.

On 29 July 2015, the Company resolved to issue a total of 42,251 Ordinary Shares to Donald McAlister for the period ended 30 June 2015. The Ordinary Shares were issued at a price of 2.625 pence per share, being the closing mid-market price on 28 July 2015.

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	42,251	2.625 pence	257,787*	0.137%

Application has been made to the London Stock Exchange for 42,251 Ordinary Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on or around 5 August 2015.

Total Voting Rights

In accordance with Financial Conduct Authority's Disclosure and Transparency Rules ("DTR"), following the issue and Admission, the total issued share capital of the Company with voting rights will be 187,823,320 ordinary shares.

The above figure of 187,823,320 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 DTR.

*Correction Announcement

Following the issue of Ordinary Shares being announced today Donald McAlister has a beneficial interest in 257,787 Ordinary Shares representing 0.137% of the Company's issued share capital following Admission.

Donald McAlister sold 300,000 Ordinary Shares as reported by the Company through an RNS announcement on 22 March 2014. An error occurred in the reporting of Donald McAlister's beneficial interest in Ordinary Shares in the Company within the 2013 Company Annual Report where the sale of these 300,000 Ordinary Shares was not accounted for. This error was carried forward in the 2014 Annual Report and RNS's dated 20 and 21 August 2014 and 23 February 2015.

Enquiries Tertiary Minerals plc Patrick Cheetham, Executive Chairman  Richard Clemmey, Managing Director	[phone]
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker Ewan Leggat                                                     Katy Birkin	[phone]
Beaufort Securities Ltd Joint Broker Saif Janjua	[phone]
Yellow Jersey PR Limited Dominic Barretto            Kelsey Traynor	[phone]

Notes to Editors

Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-quoted 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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