TERTIARY MINERALS PLC — Remuneration Information 2020

Feb 28, 2020

National Storage Mechanism | Additional information

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RNS Number : 5014E

Tertiary Minerals PLC

28 February 2020

Tertiary Minerals plc

www.tertiaryminerals.com

("Tertiary" or "the Company")

28 February 2020

Director Dealing, Issue of Equity and

Total Voting Rights

Tertiary Minerals plc, the AIM traded company building a multi-commodity project portfolio announces that pursuant to terms agreed on 30 April 2014 and further to the RNS dated 20 August 2014, a non-executive director of the Company will be receiving settlement of a portion of his outstanding fees in ordinary shares of 0.01 pence each in the Company ("Ordinary Shares"), on a six-monthly ongoing basis calculated with reference to the closing mid-market price on the trading day prior to the issue of the Ordinary Shares.

On 27 February 2020, the Company resolved to issue a total of 402,644 Ordinary Shares to Donald McAlister for the six-month period ended 31 December 2019.

These Ordinary Shares were issued at a price of 0.340 pence per share, being the closing mid-market price on 26 February 2020.

The following table shows the number of Ordinary Shares issued to Donald McAlister together with his total holdings following the issue of the Ordinary Shares:

Director	Number of Ordinary Shares issued	Price of Ordinary Shares issued	Interest in total number of Ordinary Shares following Admission	% of Company's issued share capital following Admission
Donald McAlister	402,644	0.340 pence	2,349,887	0.320%

Application has been made to the London Stock Exchange for 402,644 Ordinary Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur at 8:00a.m. on or around 5 March 2020.

Total Voting Rights

In accordance with Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), following the issue and Admission, the total issued share capital of the Company with voting rights will be 733,836,092 ordinary shares.

The above figure of 733,836,092 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTRs.

Market Abuse Regulation

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the issue of ordinary shares to 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: 

Donald McAlister

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:   

213800OT9C6DQN9VO543

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 0.01p each

GB0008854563

b)

Nature of the transaction:

Issue of new ordinary shares in lieu of fees

c)

Price(s) and volume(s):

Price(s)	Volume(s)
0.340 pence	402,644

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

Price(s)	Volume(s)
0.340 pence	402,644

e)

Date of the transaction:

27 February 2020

16:30 UTC

f)

Place of the transaction:

Outside a trading venue

Tertiary Minerals plc:
Richard Clemmey, Managing Director	+44 (0) 1625 838 679
Patrick Cheetham, Chairman
SP Angel Corporate Finance LLP Nominated Adviser and Broker
Richard Morrison	+44 (0) 203 470 0470
Caroline Rowe
Peterhouse Capital Limited Joint Broker
Lucy Williams	+ 44 (0) 207 469 0930
Duncan Vasey

Notes to Editors

Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded mineral exploration and development company building a multi-commodity project portfolio.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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