11th Jan 2013 07:00
TERTIARY MINERALS PLC
www.tertiaryminerals.com
("the Company")
11 January 2013
Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, announces that, on 10 January 2013, the Board of the Company granted 2,200,000 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 (Operations Director) | 1,000,000 |
Each warrant entitles the holder to subscribe for one new ordinary share at the price of 7.63 pence per share, being the closing mid-market price on the 9 January 2013, and the warrants may be exercised at any time within 4 years from 10 January 2014.
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 | 7,500,000 |
Richard Clemmey | 2,000,000 |
The Company also announces that Mr. Richard Clemmey, who was appointed to the Board in May 2012, purchased 6,333 ordinary shares in the Company, on market, at an average price of 7.895p per share on 10 January 2013. Mr Clemmey did not hold any shares in the Company prior to this transaction.
ENQUIRIES:
Tertiary Minerals plc Tel: +44 (0)845 868 4580
Patrick Cheetham, Executive Chairman
Seymour Pierce Limited Tel: +44 (0)20 7107 8000
Stewart Dickson/Jonathan Wright (Corporate Finance)
Jeremy Stephenson/Jacqui Briscoe (Corporate Broking)
VSA Capital Limited Tel: +44 (0)20 3005 5000
James Pinner (Corporate Finance)
Andrew Monk (Corporate Broking)
Yellow Jersey PR Limited Tel: +44 (0)7768 537 739
Dominic Barretto
Related Shares:
Tertiary Minerals