REG - Tertiary Minerals - Grant of Warrants
17/02/2023 16:00
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RNS Number : 3426Q Tertiary Minerals PLC 17 February 2023
Tertiary Minerals plc
www.tertiaryminerals.com (http://www.tertiaryminerals.com/)
("Tertiary" or the "Company")
17 February 2023
Grant of Warrants
Tertiary Minerals plc, the London listed explorer focussed on energy
transition and precious metals in Zambia and Nevada, USA, announces that as
part of the remuneration of employees and directors, on 16 February 2023, the
Board of the Company granted a total of 12,000,000 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
8,000,000 of the New Warrants were issued to Persons Discharging Management
Responsibilities ("PDMRs") as set out in the table below. The New Warrants
are exercisable at 0.1225 pence per share being the closing mid-market price
on 15 February 2023, 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 0.1225p 12 months
Donald McAlister Non-Executive Director 2,000,0000 0.1225p 12 months
Dr. Mike Armitage Non-Executive Director 2,000,0000 0.1225p 12 months
Richard Belcher PDMR 2,000,0000 0.1225p 12 months
Employees (4) 4,000,0000 0.1225p 12 months
ENQUIRIES
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
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 0.1225 pence 2,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.1225 pence 2,000,000 warrants
Price:
e) Date of the transaction: 16 February 2023
15.00 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)
0.1225 pence 2,000,000 warrants
e)
Date of the transaction:
16 February 2023
15.00 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 0.1225 pence 2,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.1225 pence 2,000,000 warrants
Price:
e) Date of the transaction: 16 February 2023
15.00 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)
0.1225 pence 2,000,000 warrants
e)
Date of the transaction:
16 February 2023
15.00 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 0.1225 pence 2,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.1225 pence 2,000,000 warrants
Price:
e) Date of the transaction: 16 February 2023
15.00 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)
0.1225 pence 2,000,000 warrants
e)
Date of the transaction:
16 February 2023
15.00 UTC
f)
Place of the transaction:
Outside a trading venue
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Richard Belcher
2. Reason for the notification
a) Position/status: PDMR
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 0.1225 pence 2,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.1225 pence 2,000,000 warrants
Price:
e) Date of the transaction: 16 February 2023
15.00 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)
0.1225 pence 2,000,000 warrants
e)
Date of the transaction:
16 February 2023
15.00 UTC
f)
Place of the transaction:
Outside a trading venue
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