Metal Tiger PLC Director Option Award (1995S)
July 03 2015 - 1:08PM
UK Regulatory
TIDMMTR
RNS Number : 1995S
Metal Tiger PLC
03 July 2015
METAL TIGER PLC
3 July 2015
Metal Tiger plc
("Metal Tiger" or the "Company")
Director Option Award
Metal Tiger (LON: MTR), the natural resources investing company
announces the award of share options to directors of the company.
The Board of Metal Tiger has today approved the issue of 15 million
options, with a maximum 3 year exercise period and an exercise
price of 2 pence per new ordinary share in Metal Tiger plc, a
premium of 110% to the closing share price of Metal Tiger plc at
the market close today.
The new options are to be awarded as follows:
Cameron Parry - Chief Executive Officer 5,000,000 shares
Paul Johnson - Executive Director 5,000,000 shares
Terry Grammer - Non-Executive Chairman 3,330,000 shares
Alex Borrelli - Non-Executive Director 1,670,000 shares
In addition the Company also confirms that the options award to
Paul Johnson announced on 27 January 2015 and in respect of his
move to Executive Director status (3,330,000 shares, 3 year
exercise period and 1.75p exercise price) have now been issued. The
Company's announcement of 27 January 2015 noted that this award
would be issued and confirmed to market when the company was not in
a close period. It has taken just over five months to do this as
the Company is highly active and has remained in a close period
throughout this time.
The options will vest with immediate effect and incorporating
the above new options the total management options going forward
will be as follows:
Director Role Number of Exercise Exercise Cash to MTR on
Options Period End Price Exercise
--------------- ----------------- ----------- ------------ --------- ---------------
Cameron Chief Executive
Parry Officer 5,000,000 10.7.17 1p GBP50,000
--------------- ----------------- ----------- ------------ --------- ---------------
5,000,000 2.7.18 2p GBP100,000
--------------------------------- ----------- ------------ --------- ---------------
Executive
Paul Johnson Director 1,670,000 10.7.17 1p GBP16,700
--------------- ----------------- ----------- ------------ --------- ---------------
3,330,000 2.7.18 1.75p GBP58,275
--------------------------------- ----------- ------------ --------- ---------------
5,000,000 2.7.18 2p GBP100,000
--------------------------------- ----------- ------------ --------- ---------------
Non-Executive
Terry Grammer Chairman 3,335,000 14.12.17 1.5p GBP50,025
--------------- ----------------- ----------- ------------ --------- ---------------
3,330,000 2.7.18 2p GBP66,600
--------------------------------- ----------- ------------ --------- ---------------
Non-Executive
Alex Borrelli Director 1,670,000 10.7.17 1p GBP16,700
--------------- ----------------- ----------- ------------ --------- ---------------
1,670,000 2.7.18 2p GBP33,400
--------------------------------- ----------- ------------ --------- ---------------
Total 30,005,000 GBP491,700
---------------------------------- ----------- ----------------------- ---------------
Cameron Parry CEO of Metal Tiger commented: "During the last
year Metal Tiger plc has transformed into a diverse natural
resource investing company with two active divisions - Direct
Projects and Direct Equity. The Company now has a diverse
multi-commodity portfolio of assets and interests acquired during
what the Metal Tiger board considers to be the bottoming phase of
the natural resource bear market we have experienced since
2011.
By setting the option price at a substantial premium to the
underlying share price the Board recognise the importance of
aligning director and shareholder interests. Unless the share price
of Metal Tiger appreciates considerably, thereby benefitting
existing shareholders, the director options awarded in this round
will not be in profit. Furthermore, as noted in the table above,
exercise of the director options could provide another financing
source for the Company, potentially bringing in up to GBP491,700 in
additional funding.
The Board of Metal Tiger continues to work hard to see the
Company's inherent value, and share price over the next 12 months,
appreciate significantly beyond what has been achieved in the first
12 months as Metal Tiger."
For further information on the Company, visit:
www.metaltigerplc.com:
Metal Tiger Plc
Cameron Parry (CEO) Tel: +44 (0)207 099 0738
Paul Johnson (Executive Director) Tel: +44 (0)7766 465 617
Spark Advisory Partners Limited (Nominated Tel: +44 (0) 2033 683 555
Adviser)
Sean Wyndham-Quin
Neil Baldwin
SI Capital (Sole Broker) Tel: +44 (0) 1483 413 500
Nick Emerson
Andy Thacker
Notes to Editors:
Metal Tiger Plc is a natural resources focused investing company
quoted on the London Stock Exchange AIM Market ("AIM") with the
trading code MTR and two investment divisions, Direct Equities and
Direct Projects.
The Direct Equities division invests in quoted natural resource
explorers and developers, with a combination of shares and warrants
providing a potential non-debt financing instrument and enhanced
return potential.
The Direct Projects division invests in operational mineral
exploration projects with current investments in Spanish Gold &
Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and
Uranium. The Direct Projects investment division also has working
collaborations to identify new investment opportunities in Russia
(platinum focus) and Turkey (gold focus), in association with
experienced in-country partners.
Metal Tiger's target is to deliver a high return for
shareholders by investing in significantly undervalued and/or high
potential opportunities in the mineral exploration and development
sector timed to coincide where possible, with a cyclical recovery
in the exploration and mining markets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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