Business
Warrant Extension
Warrant Extension.
About this update from Tertiary Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 0407S Tertiary Minerals PLC 18 September 2014 \n \n\n \nwww.tertiaryminerals.com\n(\"the Company\") \n18 September 2014\nWarrant Extension\n \nTertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector announces a three month extension to the expiry date of the following unexercised warrants held by employees, officers and directors of the Company.\n \nUnder the London Stock Exchange AIM Rules for Companies (\"AIM Rules\"), an AIM company \"must ensure that its directors and applicable employees do not deal in any of its AIM securities during a close period. In addition, the purchase or early redemption by an AIM company of its AIM securities or sale of any AIM securities held as treasury shares must not be made during a close period.\" A close period is defined under the AIM Rules as the two months preceding the publication of the company's annual results (or, if shorter, the period from its financial year end to the time of publication).\n \nAs the financial year end for the Company is 30 September, the warrants listed below will expire during future year-end close periods and cannot therefore be exercised by directors or Applicable Employees for their full term. The Company therefore considered it reasonable to extend the term of the warrants listed below.\n \n \nWarrants Extended\n \n\n\n\n\n\n\n\n\n\n\n\n\n\nExercise \n\n\nOld\n\n\nNew\n\n\n\n\nIssue Date\n\n\n\n\n\nNumber\n\n\nPrice\n\n\nExpiry Date\n\n\nExpiry Date\n\n\n\n\n09/12/2008\n\n\nOfficers/Directors\n\n\n200,000\n\n\n2.375\n\n\n09/12/2014*\n\n\n09/03/2015\n\n\n\n\n09/12/2008\n\n\nEmployees\n\n\n200,000\n\n\n2.375\n\n\n09/12/2014*\n\n\n09/03/2015\n\n\n\n\n07/12/2009\n\n\nOfficers/Directors\n\n\n2,300,000\n\n\n4.375\n\n\n07/12/2014\n\n\n07/03/2015\n\n\n\n\n07/12/2009\n\n\nEmployees\n\n\n600,000\n\n\n4.375\n\n\n07/12/2014\n\n\n07/03/2015\n\n\n\n\n17/12/2010\n\n\nOfficers/Directors\n\n\n2,300,000\n\n\n6.250\n\n\n17/12/2015\n\n\n17/03/2016\n\n\n\n\n17/12/2010\n\n\nEmployees\n\n\n600,000\n\n\n6.250\n\n\n17/12/2015\n\n\n17/03/2016\n\n\n\n\n \n \nAs these warrants were issued as part of the remuneration of its employees the decision has therefore been taken by the Board of Directors to extend the term of these warrants for a period ending three m...