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15 Jan 2014 11:58
TERTIARY MINERALS PLC
www.tertiaryminerals.com
("the Company")
15 January 2014
ISSUE OF WARRANTS
Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, announces that, on 14 January 2014, the Board of the Company granted 1,550,000 warrants to executive directors and employees. The grant to executive directors of the Company was as follows:
Name | Number of warrants granted |
Patrick Cheetham (Executive Chairman) | 500,000 |
Richard Clemmey (Managing Director) | 350,000 |
Each warrant entitles the holder to subscribe for one new ordinary share at the price of 11.25 pence per share, being the closing mid-market price on the 13 January 2014, and the warrants may be exercised at any time within 4 years from 14 January 2015.
As a result of this issue of warrants the total number of warrants currently held by each executive director is as follows:
Name | Number of warrants held |
Patrick Cheetham | 7,000,000 |
Richard Clemmey | 2,350,000 |
1,500,000 warrants held by directors and employees expired on 31 October 2013.
ENQUIRIES:
Tertiary Minerals plc | Tel: +44 (0)845 868 4580 |
Patrick Cheetham, Executive Chairman | |
Richard Clemmey, Managing Director | |
Cantor Fitzgerald Europe |
Tel: +44 (0)20 7894 7000 |
Stewart Dickson/Julian Erleigh (Corporate Finance) | |
Jeremy Stephenson (Corporate Broking) | |
Beaufort Securities Limited | Tel: +44 (0)20 7382 8300 |
Christopher Rourke (Corporate Finance) | |
Guy Wheatley (Corporate Broking) | |
Yellow Jersey PR Limited | Tel: +44 (0)20 3664 4087 |
Dominic Barretto/Kelsey Traynor |
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