Tertiary Minerals PLC Issue of Equity and Total Voting Rights (2451Q)
February 24 2021 - 10:40AM
UK Regulatory
TIDMTYM
RNS Number : 2451Q
Tertiary Minerals PLC
24 February 2021
24 February 2021
Tertiary Minerals plc ("Tertiary Minerals plc" or the
"Company")
Issue of Equity and Total Voting Rights
The Company announces that Precious Metal Capital Group LLC
("PMCG"), the subscriber under the share subscription deed details
of which were announced on 2 April 2020, has requested that the
Company issues 20,000,000 ordinary shares (the "Shares") to PMCG on
8 March 2021. The purchase price of the Shares (being 0.30 pence
per share or an aggregate of GBP60,000) had been prepaid by PMCG as
part of its lump sum investment of GBP600,000 in the Company,
announced on 2 April 2020 and made by PMCG on 7 April 2020.
Following the issue of the Shares there will be no prepayment
outstanding and no further shares in relation to that investment
remain to be issued.
Application will therefore be made for the 20,000,000 ordinary
shares to be admitted to trading on AIM with admission expected to
take place on 8 March 2021. These ordinary shares will rank pari
passu in all respects with all existing ordinary shares in the
Company. The Shares are being issued pursuant to the authorities
given by shareholders at the Annual General Meeting held on 19
March 2020.
Total Voting Rights
Following admission of the Shares, the Company's enlarged issued
share capital will comprise 1,183,322,445 ordinary shares with
voting rights. This figure of 1,183,322,445 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 Disclosure Rules and
Transparency Rules of the United Kingdom Financial Conduct
Authority.
For more information please contact:
Tertiary Minerals plc:
Patrick Cheetham, Executive
Chairman +44 (0) 1625 838 679
----------------------
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
----------------------
About Tertiary Minerals plc
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration company building and developing a
multi-commodity project portfolio - Industrial minerals, base and
precious metals.
Market Abuse Regulation (MAR) Disclosure
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Regulation (EU) No 596/2014 until the release of this
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