Metal Tiger PLC Director, Staff & Partner Option Award (1530R)
March 04 2016 - 10:31AM
UK Regulatory
TIDMMTR
RNS Number : 1530R
Metal Tiger PLC
04 March 2016
Metal Tiger Plc
04 March 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Director, Staff & Partner Option Award
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed
investor in strategic natural resource opportunities is pleased to
announce an award of options to directors and key members of the
Metal Tiger team.
The options outlined below will be issued subject to shareholder
approval at the Company's upcoming AGM which is expected to take
place during June 2016 in London.
The Board of Metal Tiger has today approved the issue of 25
million options as allocated below 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 approximately 70% to the share price
of the Company when the award was approved by the board.
Director Option Award:
10 million options are to be awarded to Directors as
follows:
Terry Grammer (Non-Executive Chairman) - 5 million options
Cameron Parry (Non-Executive Director) - 3 million options
Alex Borrelli (Non-Executive Director) - 2 million options
Staff and Partner Option Award:
In addition, 15 million options are to be allocated to key
members of the Metal Tiger team including those assisting the
company with plc management responsibilities and/or the development
of our investing interests overseas.
Staff and Partner options will be subject to the same terms as
the director options above, but will not be exercisable for a
period of one year from the date of award and require the option
holder to remain engaged with Metal Tiger throughout the one year
period.
Paul Johnson Chief Executive Officer of Metal Tiger said "the
approach we are taking is to ensure all directors, staff and
working partners have a strong alignment of interests with those of
shareholders.
The issue of director options is part of this process, and today
we have brought into the options pool the key staff and partners
whose commitment and engagement is a significant factor in our
forward success.
We are putting this option award to the vote at the AGM in June
2016, giving shareholders the opportunity to vote on this
proposal.
As a company Metal Tiger is making great strides forward and we
look forward to updating the market in due course with regard to
various aspects of our business development."
For further information on the Company, visit:
www.metaltigerplc.com:
Paul Johnson Tel: +44 (0)7766
(Chief Executive 465 617
Officer)
Terry Grammer Tel: +44 (0)207
(Non- Executive 099 0738
Chairman)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0) 2033
Neil Baldwin Limited 683 555
Nick Emerson (Nominated Adviser) www.sparkadvisorypartners.com
Andy Thacker SI Capital Tel: +44 (0) 1483
(Sole Broker) 413 500
Notes to Editors:
Metal Tiger plc is listed on the London Stock Exchange AIM
Market ("AIM") with the trading code MTR and invests in high
potential mineral projects with a precious and strategic metals
focus.
The Company's target is to deliver a very 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. The Company's key strategic
objective is to ensure the distribution to shareholders of major
returns achieved from disposals.
Metal Tiger's Metal Projects division is focused on the
development of its key project interests in Botswana, Spain,
Thailand and Tanzania. In Botswana Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt. In Spain Metal Tiger the Company has interests in tungsten
and gold interests in the highly mineralised Extremadura region. In
Thailand Metal Tiger has expanding interests over licences,
applications and critical historical data covering antimony,
copper, gold, silver, lead and zinc opportunities.
The Company has access to a diverse pipeline of new
opportunities focused on the natural resource sector including
physical resource projects, new natural resource centred
technologies and resource sector related fintech opportunities.
Pipeline projects deemed commercially may be undertaken by Metal
Tiger or by an ISDX or AIM partner with whom the Company is
engaged.
Metal Tiger also has an Asset Trading Division that holds
various financial instruments for trading purposes including
equities, warrants and royalty income. The aim of the division is
to generate profits to reinvest into the Company's project based
activities.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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