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Last checked at 
8 Dec 2009 07:00
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Tertiary Minerals plc (or the "Company")
Grant of Warrants
8 December 2009
Tertiary MineralsΒ plcΒ announces thatΒ on 7 December 2009Β it has grantedΒ 2,900,000Β warrantsΒ to employees and directors of theΒ Company. The grants includedΒ the following directors:Β
|
Name |
Number of warrants granted |
|
Patrick Cheetham (Executive Chairman) |
1,500,000 |
|
David Whitehead (Non-executive Director) |
300,000 |
|
Donald McAlister (Non-executive Director) |
300,000 |
Each warrant is convertible to one new ordinary share at the price ofΒ 4.375Β pence per share (the closing mid-market price on 7 December 2009) at any time within 4 years from 7 December 2010.
As a result of this issue of warrants the total number of warrants currently held by each Director is as follows:
PatrickΒ Cheetham :Β 4,000,000
David WhiteheadΒ : 700,000
Donald McAlisterΒ : Β 700,000
Enquiries:
Patrick Cheetham,Β Tertiary Minerals plc 01625 626203
Jonathan Wright, Seymour Pierce Ltd 020 7107 8000
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