REG - Tertiary Minerals - Grant of Warrants
09/05/2025 16:00
For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250509:nRSI1390Ia&default-theme=true
RNS Number : 1390I Tertiary Minerals PLC 09 May 2025
9 May 2025
Tertiary Minerals plc
("Tertiary" or the "Company")
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 7 May 2025, the Board of the
Company granted a total of 47,000,000 five-year warrants, representing 1.3% of
the existing issued share capital, to subscribe for new Ordinary Shares of
0.01 pence each ("New Warrants").
12,000,000 of the New Warrants were issued to employees of the Company, and
35,000,000 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 0.05 pence
per share, being the closing mid-market price on 6 May 2025, 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 10,000,000 0.05p 12 months
Richard Belcher Managing Director 10,000,000 0.05p 12 months
Donald McAlister Non-Executive Director 5,000,000 0.05p 12 months
Dr. Mike Armitage Non-Executive Director 5,000,000 0.05p 12 months
Rod Venables Company Secretary 5,000,000 0.05p 12 months
Employees (4) 3,000,000 0.05p 12 months
each
Further Information:
Tertiary Minerals plc:
Richard Belcher, Managing Director +44 (0) 1625 838 679
SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Richard Morrison/Jen Clarke +44 (0) 203 470 0470
Peterhouse Capital Limited
Joint Broker
Lucy Williams/Duncan Vasey +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: 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 0.05 pence 10,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.05 pence 10,000,000 warrants
Price:
e) Date of the transaction: 7 May 2025
14:00 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)
0.05 pence 10,000,000 warrants
e)
Date of the transaction:
7 May 2025
14:00 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: Managing 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 0.05 pence 10,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.05 pence 10,000,000 warrants
Price:
e) Date of the transaction: 7 May 2025
14:00 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)
0.05 pence 10,000,000 warrants
e)
Date of the transaction:
7 May 2025
14:00 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 0.05 pence 5,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.05 pence 5,000,000 warrants
Price:
e) Date of the transaction: 7 May 2025
14:00 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)
0.05 pence 5,000,000 warrants
e)
Date of the transaction:
7 May 2025
14:00 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 0.05 pence 5,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.05 pence 5,000,000 warrants
Price:
e) Date of the transaction: 7 May 2025
14:00 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)
0.05 pence 5,000,000 warrants
e)
Date of the transaction:
7 May 2025
14:00 UTC
f)
Place of the transaction:
Outside a trading venue
1. Details of the person discharging managerial responsibilities/person closely
associated
a) Name: Rod Venables
2. Reason for the notification
a) Position/status: Company Secretary
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 0.05 pence 5,000,000 warrants
d) Aggregated information: Single transaction as in 4 c) above
Price(s) Volume(s)
Aggregated volume: 0.05 pence 5,000,000 warrants
Price:
e) Date of the transaction: 7 May 2025
14:00 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)
0.05 pence 5,000,000 warrants
e)
Date of the transaction:
7 May 2025
14:00 UTC
f)
Place of the transaction:
Outside a trading venue
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END DSHFLFSSESIAIIERecent news on Tertiary Minerals
See all newsREG - Tertiary Minerals - Holding(s) in Company
AnnouncementREG - Tertiary Minerals - Holding(s) in Company
AnnouncementREG - Tertiary Minerals - Holding(s) in Company
AnnouncementREG - AIM - AIM Notice - 13/06/2025
AnnouncementREG - Tertiary Minerals - Placing of £350,000
Announcement