24 Jul 2009 16:27
ο»Ώ
24 July 2009
DIRECTORS' SHARE ISSUE
Tertiary MineralsΒ plcΒ ("Tertiary" or "the Company"Β -Β AIM: TYM)Β announces that on 23 July 2009, the directors agreed to issue new ordinary shares in the Company to two of its directors in lieu ofΒ partial payment ofΒ salary and fees for theΒ sixΒ period ending 30 June 2009.
Accordingly, Patrick Cheetham, Executive Chairman, has been issued withΒ 129,112Β new ordinary shares and non-executive directorΒ Donald McAlisterΒ withΒ 91,713Β new ordinary shares. In each case, the shares were issued at an issue price ofΒ 2.875 penceΒ per share, being the closing mid-market price ofΒ theΒ ordinary sharesΒ on 22 JulyΒ 2009.
Β
Application has been made for theΒ 220,825Β new ordinary shares to be admitted to trading onΒ AIMΒ and admission is expected to occur onΒ 6 August 2009.
Following these issues, theΒ total number of ordinary shares in issue will beΒ 88,334,641.
For further information, please contact:
Tertiary Minerals plc
Patrick Cheetham, Executive Chairman Tel: 01625 626203
Seymour Pierce Ltd
Jonathan WrightΒ Tel: 0207 107 8000
Follow the stocks