Issue of Warrants / Director Shareholding

RNS Number : 3132V

Tertiary Minerals PLC

11 January 2013

 



TERTIARY MINERALS PLC

www.tertiaryminerals.com

("the Company")

11 January 2013

Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, announces that, on 10 January 2013, the Board of the Company granted 2,200,000 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 (Operations Director)	1,000,000

Each warrant entitles the holder to subscribe for one new ordinary share at the price of 7.63 pence per share, being the closing mid-market price on the 9 January 2013, and the warrants may be exercised at any time within 4 years from 10 January 2014.

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	7,500,000
Richard Clemmey	2,000,000

The Company also announces that Mr. Richard Clemmey, who was appointed to the Board in May 2012, purchased 6,333 ordinary shares in the Company, on market, at an average price of 7.895p per share on 10 January 2013. Mr Clemmey did not hold any shares in the Company prior to this transaction.

ENQUIRIES:

Tertiary Minerals plc                                                            Tel:  [phone]

Patrick Cheetham, Executive Chairman                               

Seymour Pierce Limited                                                      Tel: [phone]

Stewart Dickson/Jonathan Wright (Corporate Finance)

Jeremy Stephenson/Jacqui Briscoe (Corporate Broking)                                         

VSA Capital Limited                                                              Tel: [phone]

James Pinner (Corporate Finance)

Andrew Monk (Corporate Broking)

Yellow Jersey PR Limited                                                   Tel: [phone]

Dominic Barretto  

 

END

 

 

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