REG - Tertiary Minerals - Grant of Warrants

Tertiary MineralsAnnouncement

15/02/2024 14:45

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RNS Number : 3247D  Tertiary Minerals PLC  15 February 2024

Tertiary Minerals plc

www.tertiaryminerals.com (http://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                              Tel: +44 (0)1625 838 679

 Patrick Cheetham, Executive Chairman

 S P Angel Corporate Finance LLP                    Tel: +44 (0)203 470 0470

 Nominated Adviser & Joint Broker

 Richard Morrison/Caroline Rowe/Harry Davies-Ball

 Peterhouse Capital Limited                         Tel: +44 (0)207 469 0930

 Joint Broker

 Lucy Williams/Duncan Vasey

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:  Warrants, each warrant to subscribe for one ordinary share of 0.01p each

               Identification code:

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:                                       Single transaction as in 4 c) above

Price(s)     Volume(s)
               Aggregated volume:                                            0.085 pence  2,000,000 warrants

               Price:
 
 e)            Date of the transaction:                                      14 February 2024

                                                                             13:00 UTC
 f)            Place of the transaction:                                     Outside a trading venue

 

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:  Warrants, each warrant to subscribe for one ordinary share of 0.01p each

               Identification code:

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:                                       Single transaction as in 4 c) above

Price(s)     Volume(s)
               Aggregated volume:                                            0.085 pence  2,000,000 warrants

               Price:
 
 e)            Date of the transaction:                                      14 February 2024

                                                                             13:00 UTC
 f)            Place of the transaction:                                     Outside a trading venue

 

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:  Warrants, each warrant to subscribe for one ordinary share of 0.01p each

               Identification code:

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:                                       Single transaction as in 4 c) above

Price(s)     Volume(s)
               Aggregated volume:                                            0.085 pence  2,000,000 warrants

               Price:
 
 e)            Date of the transaction:                                      14 February 2024

                                                                             13:00 UTC
 f)            Place of the transaction:                                     Outside a trading venue

 

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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