Director Dealing & Issue of Equity

RNS Number : 2440R

Tertiary Minerals PLC

10 September 2014

 

TERTIARY MINERALS PLC

www.tertiaryminerals.com

("the Company")

 10 September 2014

Director's Exercise of Warrants, Share Issue and Total Voting Rights

Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, announces that on 9 September 2014 the Board of the Company allotted 1,500,000 new ordinary shares ("the Shares") to the Executive Chairman, Mr Patrick Cheetham pursuant to the exercise of 1,500,000 warrants ("the Warrants"). The Warrants were issued in December 2008 and were exercised at a price of 2.35p per share, the closing mid-market price at the time of issue.

Application will be made for the 1,500,000 new ordinary shares to be admitted to trading on AIM and admission is expected to occur on or around 15 September 2014.

Following the issue of the Shares Mr Cheetham will be interested 11,876,913 ordinary shares representing 6.81% of the enlarged issued capital of the Company and the number of ordinary shares in issue will increase to 174,302,034.

This figure of 174,302,034 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 FCA's Disclosure and Transparency Rules.

ENQUIRIES:

Tertiary Minerals plc Richard Clemmey, Managing Director Tel: [phone] Cantor Fitzgerald Europe Stewart Dickson/Carrie Lun (Corporate Finance) Jeremy Stephenson (Corporate Broking) Tel: [phone] Beaufort Securities Limited Saif Janjua (Corporate Finance) Tel: [phone] Yellow Jersey PR Limited Dominic Barretto/Kelsey Traynor Tel: [phone]

 

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