Last checked at 22 Dec 2016 07:00
Tertiary Minerals PLC
("Tertiary" or "Company")
22 December 2016
Director's Dealing
David Whitehead, Non-executive Director of the Company, is interested in 414,900 ordinary shares of 1 pence each in Tertiary ("Ordinary Shares"). These shares were held through Davycrest Nominees Limited ("Davycrest"), a nominee of Glebekinvara Management Services Limited ("GMSL").
GMSL is a company of which David Whitehead and his wife, Ann Whitehead, were both directors and in which they are both 50% beneficial shareholders.
GMSL is in the process of being liquidated (by way of a shareholders' voluntary solvent liquidation) and on 19 December 2016, Davycrest transferred the 414,900 shares to GMSL.
Following this transfer of shares for no consideration, David Whitehead's total interest in Ordinary Shares remains 414,900 Ordinary Shares.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further details on the transfer of shares for no consideration by a director.
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: | David Whitehead | ||||
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: | |||||
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: Identification code: | Ordinary shares of 1 pence each GB0008854563 | ||||
b) | Nature of the transaction: | Transfer for no consideration | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: | Single transaction as in 4 c) above
| ||||
e) | Date of the transaction: | 2016-12-19 17.00hrs UTC | ||||
f) | Place of the transaction: | Outside a trading venue | ||||
Enquiries
Tertiary Minerals plc Richard Clemmey, Managing Director Patrick Cheetham, Executive Chairman
|
|
+44 (0) 1625 838 679 |
SP Angel Corporate Finance LLP Nominated Adviser & Joint Broker Ewan Leggat / Lindsay Mair |
|
+44 (0) 20 3470 0470 |
Beaufort Securities Ltd Joint Broker Elliot Hance
|
|
+44 (0)20 7382 8300 |
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada, USA (MB Project).
CAUTIONARY NOTICE
The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.