3
May 2024
First Tin
Plc
("First
Tin" or "the Company")
Director/PDMR
dealing
First Tin PLC, a tin development
company with advanced, low capex projects in Germany and Australia,
announces that it has been notified that Mr. Mr Charles
Cannon-Brookes, Non-Executive Chairman at the Company, on behalf of
Arlington Group Asset Management Limited, has purchased 1,450,000
shares in First Tin at a price of GBP 6.75 pence per share on
Thursday 2 May 2024.
Following this transaction,
Arlington Group Asset Management Limited holds a beneficial
interest in 23,016,667 Ordinary Shares representing 8.67 per cent
of the Company's issued share capital.
Charlie Cannon Brookes has a 50 per
cent interest in Arlington Group Asset Management
Limited.
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:
|
Charles Cannon Brookes on behalf of Arlington
Group Asset Management Limited
|
2.
|
Reason for the
notification
|
a)
|
Position/status:
|
Non-Executive Chairman
|
b)
|
Initial
notification/Amendment:
|
Initial notification
|
3.
|
Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
a)
|
Name:
|
First Tin PLC
|
b)
|
LEI:
|
LEI: 984500CSA7TBE3FB7C63
|
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:
GB00BNR45554
|
Ordinary shares of 0.1 pence
each
|
b)
|
Nature of the
transaction:
|
Purchase of Ordinary
Shares
|
c)
|
Price(s) and volume(s):
|
Price(s)
|
Volume(s)
|
GBP 6.75 pence
|
1,450,000
|
|
|
|
d)
|
Aggregated information:
Aggregated volume:
Price:
|
Single transaction as in 4 c)
above
|
e)
|
Date of the transaction:
|
02.05.2024
|
f)
|
Place of the transaction:
|
London Stock Exchange, Main
Market
|
Enquiries:
First Tin
|
|
William (Bill) Scotting - Chief
Executive Officer
|
Via SEC
Newgate below
|
Arlington Group Asset Management Limited (Financial Advisor
and Joint Broker)
|
|
Simon Catt
|
020 7389
5016
|
WH
Ireland Limited (Joint Broker)
|
|
Harry Ansell
|
020 7220
1670
|
SEC
Newgate (Financial Communications)
|
|
Elisabeth Cowell / Molly
Gretton
|
FirstTin@secnewgate.co.uk
|
Notes to
Editors
First Tin is an ethical, reliable, and
sustainable tin production company led by a team of renowned tin
specialists. The Company is focused on becoming a tin supplier in
conflict-free, low political risk jurisdictions through the rapid
development of high value, low capex tin assets in Germany and
Australia.
Tin is a critical metal, vital in any plan to
decarbonise and electrify the world, yet Europe has very little
supply. Rising demand, together with shortages, is expected to lead
tin to experience sustained deficit markets for the foreseeable
future. Its assets have been de-risked significantly, with
extensive work undertaken to date.
First Tin's goal is to use best-in-class
environmental standards to bring two tin mines into production in
three years, providing provenance of supply to support the current
global clean energy and technological revolutions.