Tertiary Minerals PLC Grant of Warrants
15 Febrero 2024 - 8:31AM
RNS Regulatory News
RNS Number : 3247D
Tertiary Minerals PLC
15 February 2024
Tertiary Minerals
plc
www.tertiaryminerals.com
("Tertiary" or the
"Company")
15
February 2024
Grant of
Warrants
Tertiary Minerals plc (AIM:TYM), the
London listed explorer focused on copper and precious metals in
Zambia and Nevada, USA, announces that as
part of the remuneration of employees and directors, on 14 February
2024, the Board of the Company granted a total of 10,000,000
five-year warrants to subscribe for new Ordinary Shares of 0.01
pence each ("New
Warrants").
4,000,000 of the New Warrants were
issued to employees of the Company, and 6,000,000 of the New
Warrants were issued to the directors of the Company, as set out in
the table below. The New Warrants
are exercisable at 0.085 pence per share,
being the closing mid-market price on 13 February 2024,
have a five-year term and do not become
exercisable (vested) until 12 months from the date of
issue.
|
Grantee
|
Position
|
No. of
Warrants
|
Exercise price (pence per share)
|
Vesting Period
|
|
Patrick Cheetham
|
Executive
Chairman
|
2,000,0000
|
0.085p
|
12 months
|
|
Donald McAlister
|
Non-Executive Director
|
2,000,0000
|
0.085p
|
12 months
|
|
Dr. Mike Armitage
|
Non-Executive Director
|
2,000,0000
|
0.085p
|
12 months
|
|
Employees (4)
|
|
4,000,0000
|
0.085p
|
12 months
|
For more information please
contact:
|
Tertiary Minerals plc
Patrick Cheetham, Executive
Chairman
|
Tel: +44 (0)1625 838 679
|
|
S P
Angel Corporate Finance LLP
Nominated Adviser & Joint Broker
Richard Morrison/Caroline Rowe/Harry
Davies-Ball
|
Tel: +44 (0)203 470 0470
|
|
Peterhouse Capital Limited
Joint Broker
Lucy Williams/Duncan
Vasey
|
Tel: +44 (0)207 469 0930
|
Market Abuse Regulation
The information contained within
this announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication
of this announcement via Regulatory Information Service ('RIS'),
this inside information is now considered to be in the public
domain.
The notifications below, made in
accordance with the requirements of the Market Abuse Regulations
(EU) No. 596/2014, provides further
detail on the issue of warrants to
employees and directors.
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:
|
Patrick Cheetham
|
2.
|
Reason for the notification
|
|
a)
|
Position/status:
|
Executive Chairman
|
|
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:
|
Warrants, each warrant to subscribe for one ordinary share of
0.01p each
GB0008854563 (Ordinary Shares)
|
|
b)
|
Nature of the
transaction:
|
Grant of warrants to subscribe for new ordinary
shares
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
Exercise price of 0.085
pence
|
2,000,000 warrants
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
Single transaction as in 4 c)
above
|
Price(s)
|
Volume(s)
|
|
0.085 pence
|
2,000,000 warrants
|
|
|
e)
|
Date of the transaction:
|
14 February 2024
13:00 UTC
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
.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:
|
Warrants, each warrant to subscribe for one ordinary share of
0.01p each
GB0008854563 (Ordinary Shares)
|
|
b)
|
Nature of the
transaction:
|
Grant of warrants to subscribe for new ordinary
shares
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
Exercise price of 0.085
pence
|
2,000,000 warrants
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
Single transaction as in 4 c)
above
|
Price(s)
|
Volume(s)
|
|
0.085 pence
|
2,000,000 warrants
|
|
|
e)
|
Date of the transaction:
|
14 February 2024
13:00 UTC
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
.1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name:
|
Dr. Mike Armitage
|
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:
|
Warrants, each warrant to subscribe for one ordinary share of
0.01p each
GB0008854563 (Ordinary Shares)
|
|
b)
|
Nature of the
transaction:
|
Grant of warrants to subscribe for new ordinary
shares
|
|
c)
|
Price(s) and volume(s):
|
|
Price(s)
|
Volume(s)
|
|
Exercise price of 0.085
pence
|
2,000,000 warrants
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
Single transaction as in 4 c)
above
|
Price(s)
|
Volume(s)
|
|
0.085 pence
|
2,000,000 warrants
|
|
|
e)
|
Date of the transaction:
|
14 February 2024
13:00 UTC
|
|
f)
|
Place of the transaction:
|
Outside a trading venue
|
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END
DSHZELFFZLLLBBQ
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