TIDMMTR
Metal Tiger Plc ("Metal Tiger" or the "Company")
Directorate Change
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed
investor in strategic natural resources announces that Alex
Borrelli (Chief Executive Officer) and Jordan Luckett (Technical
Director) have resigned from the board of the Company, effective
immediately.
Terry Grammer has agreed to step down from his role as
Non-Executive Chairman and take on a non-executive director
role.
The Company is pleased to announce the appointment of Charles
Hall as Non-Executive Chairman, Michael McNeilly as Chief Executive
Officer, Paul Johnson as Non-Executive Director and Keith Springall
as Finance Director and Company Secretary with immediate
effect.
Michael McNeilly, incoming Chief Executive Officer commented:
"It has been a pleasure to work with Alex Borrelli and Jordan
Luckett, both highly experienced and exceptionally talented
individuals. Alex has made a tremendous contribution to the Company
during his 5 years with the business, having helped lead the
transition from Brady Exploration plc to Metal Tiger plc. In no
uncertain terms the business would not be where it is today without
him. I wish Alex the utmost success in his other business ventures
and in particular BMR Group plc where he has done a great job in
turning around the company. Jordan has been a valuable addition to
the team and has given great technical insight on the two key
projects, Botswana and Thailand. I look forward to continuing to
work with Terry Grammer in his new role as non-executive director
and he will continue to play an important role in the business
going forward.
I am very grateful for the opportunity to step into this
exciting and challenging role and to work with the newly
constituted board to deliver value to shareholders. Charles Hall
has been a supportive shareholder of the company and brings with
him a wealth of financial and business management experience. Keith
Springall has been fundamental on the finance side of the business
and will no doubt contribute further valuable strategic insight at
the board level. It is also a tremendous pleasure to welcome back
Paul Johnson, who previously served as the company's CEO where he
was instrumental in building the company and its profile in the
market.
I believe the Company is now in a unique position with its two
core project investments in Thailand and Botswana and is well
placed for value creation and I look forward to working with the
board, staff and our joint venture partners to realise value for
shareholders from these assets."
The following information is disclosed pursuant to Schedule Two
paragraph (g) of the AIM Rules for Companies:
Mr Charles Patrick Stewart Hall aged 56, holds or has held the
following directorships or partnerships in the past five years:
Current: Previous:
There are no other current HSBC Private Bank (Luxembourg) S.A.
directorships
Shareholding in the Company: 22,858,406 ordinary shares
(representing 3.46% of the total issued share capital).
Mr Paul Johnson, aged 47, holds or has held the following
directorships or partnerships in the past five years:
Current: Previous:
Thor Mining plc Metal Capital Limited
Metal NRG plc, Greatland Gold plc,
Value Generation Limited Catalyst Strategies Limited
Tomas Capital Limited Open 2 Barter Limited,
Value at Risk Limited Commercial Assure Limited
The Vitiligo Society
Catalyst Information Services Limited
Strathmore Accountants Limited.
Shareholding in the Company: 7,850,555 ordinary shares and
Michelle Johnson, wife of Paul Johnson holds 2,340,000 ordinary
shares which together total 10,190,555 (representing 1.54% of the
total issued share capital).
Mr David Michael McNeilly, aged 30, holds or has held the
following directorships or partnerships in the past five years:
Current: Previous:
Metal Tiger IHQ Company Limited There are no past directorships
Shareholding in the Company: 1,000,000 ordinary shares
(representing 0.15% of the total issued share capital).
Mr Keith John Springall aged 60, holds or has held the following
directorships or partnerships in the past five years:
Current: Previous:
Balmoral Mews (Cobham) Management Porta Communications PLC
Company Limited Newgate Trading Europe Limited
Impact34 Reklam ve Organizayon
Bulgarian Property Developments Danismanlik
plc (in liquidation) Hizmetleri Limited
Sirketi (in Turkey)
Springall Limited Newgate Media Holdings Limited
Twenty20 Media Group Limited
WFMH UK Limited (World Federation Impact 34 Limited
for Mental Health) Newgate PR Holdings Limited
Newgate Threadneedle Limited
St George's Hill Lawn Twenty Four Seven Studios LLP
Tennis Club Limited TwentyOne Twelve Communications LLP
WFCA PLC (to become
WFCA Limited)(then
to become 2020Media
Vision Limited
Team Darwin LLP
Newgate Communications LLP
Newgate Public Affairs Limited
Newgate Public Relations Limited
Newgate Brussels SPRL
(RPM: 0841.262.588)
21 Twelve Marketing Limited
Twenty20 Media Vision Limited
Williams Blake Reay Limited
21;12 Direct LLP formerly
21 Twelve Media LLP
BComp 416 Limited
Velvet Consultancy Ltd
Wilton International
Consulting Limited
Threadneedle Communications Limited
Newgate Digital Ltd formerly
Newgate Comms Limited
Investor Communications
International
Services Limited
Crazy Horse Integrated LLP
Newgate Investor Relations LLP
Newgate Communications
Pty Ltd (Australia)
Birkin Student Homes plc
Mullin Consultancy
Newgate Sponsorship Ltd formerly
Cauldron Consulting Ltd
Keith Springall was a director of PST (International) Limited,
which was put into administration on 27 May 2004 with an estimated
deficiency as regards creditors of GBP2,432,055. The administration
was ended and the company was put into creditors' voluntary
liquidation on 22 June 2005. Mr Springall had ceased to be a
director of this company on 9 March 2004.
Keith was also a director of Universal Storage Logistics
Limited, which was put into creditors' voluntary liquidation on 9
June 2006 with an estimated deficiency as regards creditors of
GBP353,720. Mr Springall had ceased to be a director of this
company on 27 October 2005.
Keith was also a director of Bulgarian Property Developments
plc, which was put into voluntary members' liquidation and
subsequently wound up on 28 October 2009.
Shareholding in the Company: 564,092 ordinary shares
(representing 0.09% of the total issued share capital).
Save as disclosed, there are no other disclosures required in
relation to Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules
for Companies.
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly (Chief Tel: +44 (0)207 099 0738
Executive Officer)
Keith Springall Tel: +44 (0)207 099 0738
(Finance Director &
Company Secretary)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0)
Limited 2033 683 555
Neil Baldwin (Nominated Adviser) www.sparkadvisorypartners.com
Nick Emerson SI Capital Tel: +44 (0)
1483 413 500
Andy Thacker (Sole Broker)
Andrew Monk VSA Capital Limited Tel: +44 (0)
20 3005 5000
Andrew Raca (Joint Broker)
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 and
Thailand. 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 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 viable 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.
Note: This announcement contains inside information which is
disclosed in accordance with the Market Abuse Regulation.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20161204005069/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 05, 2016 02:00 ET (07:00 GMT)
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