Metal Tiger PLC Board Directors Exercise Options to Buy Shares (6800S)
July 10 2015 - 3:29AM
UK Regulatory
TIDMMTR
RNS Number : 6800S
Metal Tiger PLC
10 July 2015
METAL TIGER PLC
10 July 2015
Metal Tiger plc
("Metal Tiger" or the "Company")
Board Directors Exercise Options to Buy Shares
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce that the Company has received notices from
three directors to exercise 1p options, resulting in an additional
director personal investment in Metal Tiger plc shares of
GBP46,700.
Director Option Exercise
The exercise notices were as follows:
Director Role Options Exercised Amount Invested
-------------- ------------------- ------------------ ----------------
Cameron Parry Chief Executive 2,500,000 1p GBP25,000
Officer options
-------------- ------------------- ------------------ ----------------
Paul Johnson Executive Director 1,670,000 1p GBP16,700
options
-------------- ------------------- ------------------ ----------------
Alex Borrelli Non-Executive 500,000 1p GBP5,000
Director options
-------------- ------------------- ------------------ ----------------
Total 4,670,000 1p GBP46,700
options
----------------------------------- ------------------ ----------------
Cameron Parry CEO of Metal Tiger plc commented "The Board of
Metal Tiger believe that there is a historic opportunity emerging
in the natural resource sector to build a portfolio of interests at
an extremely low valuation point in the resources cycle. This
includes investment opportunities in exploration/development
projects on the ground with considerable potential and also in
listed resource equities which are experiencing a shortage of
capital, in many cases despite viable and exciting business
assets.
By exercising options now we have further aligned Board and
shareholder interests and demonstrated our commitment to the
Company and belief in the emerging business model of Metal Tiger.
When combined with Paul Johnson's GBP14,500 on-market purchase of
shares announced 6 July 2015, this option exercise means Company
directors have personally invested GBP61,200 in Metal Tiger shares,
within the last week."
Director Shareholding and Remaining Options
Following this option exercise and the issue of shares outlined
above the Board of Metal Tiger will hold the following shares and
options in the Company:
Director Shares Held Options Remaining
(expiry date)
----------------- ------------------ -------------------------
Cameron Parry 2,500,000 (0.81%) 2,500,000 1p (10.07.17)
(*)
5,000,000 2p (02.07.18)
----------------- ------------------ -------------------------
Paul Johnson 7,295,000 (2.37%) 3,330,000 1.75p
(02.07.18)
5,000,000 2p (02.07.18)
----------------- ------------------ -------------------------
Terrence Grammer (*) 3,335,000 1.5p
(14.12.17)
3,330,000 2p (02.07.18)
----------------- ------------------ -------------------------
Alex Borrelli 5,400,000 (1.75%) 1,170,000 1p (10.07.17)
1,670,000 2p (02.07.18)
----------------- ------------------ -------------------------
(*) Note Cameron Parry and Terrence Grammer are
also Directors of Blackstar Gold Pty Ltd which
has an interest in 19,880,000 Metal Tiger plc shares.
----------------------------------------------------------------
Share Admission and Total Voting Rights
The 4,670,000 exercised option shares are expected to be
admitted to trading on or around 15 July 2015. Following the issue
of the exercised option shares the number of ordinary shares in
issue in the Company will increase to 308,375,795. For the purposes
of the Financial Conduct Authority's Disclosure and Transparency
Rules ("DTRs"), the issued ordinary share capital of Metal Tiger
following this allotment consists of 308,375,795 ordinary shares
with voting rights attached (one vote per share). There are no
ordinary shares held in treasury. This total voting rights figure
may be used by shareholders as the denominator for the calculation
by which they will determine whether they are required to notify
their interest in, or a change to their interest in, Metal Tiger
under the DTRs.
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 Tel: +44 (0) 2033
(Nominated Adviser) 683 555
Sean Wyndham-Quin
Neil Baldwin
SI Capital (Sole Broker) Tel: +44 (0) 1483
Nick Emerson 413 500
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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