METAL TIGER PLC: Results of Annual General Meeting
June 30 2020 - 5:33AM
UK Regulatory
TIDMMTR
30 June 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Results of Annual General Meeting
Share Consolidation
Metal Tiger, the London Stock Exchange AIM listed investor in
natural resources opportunities, is pleased to announce that at the
Annual General Meeting ("AGM") held earlier today, all resolutions
placed before the meeting were approved.
Share Consolidation
Following the approval of Resolution 4 at the AGM, the Company
is proceeding with the 1 for 10 Share Consolidation with a record
date of 5:00pm today. The 1,522,076,607 Existing Ordinary Shares of
0.01 pence each in issue in the capital of the Company, together
with the 3 additional Ordinary Shares to be issued on 30 June 2020
to ensure the Company's issued ordinary share capital is divisible
by 10, will be consolidated into 152,207,661 New Ordinary Shares of
0.1 pence each. Such New Ordinary Shares will have the same rights
and be subject to the same restrictions (save as to par value) as
the Existing Ordinary Shares.
Admission and Total Voting Rights
It is expected that the New Ordinary Shares will be admitted to
trading on AIM and will be credited to CREST accounts at 8:00am on
1 July 2020 ("Admission") and that definitive share certificates
(where applicable) will be despatched no later than 15 July
2020.
For the purposes of the Financial Conduct Authority's Disclosure
and Transparency Rules ("DTRs"), the issued ordinary share capital
of Metal Tiger following Admission will consist of 152,207,661
Ordinary Shares with voting rights attached (one vote per Ordinary
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.
The New Ordinary Shares will have an ISIN of GB00BNQC0691 and
SEDOL BMQC069. The Company's ticker will remain the same.
The defined terms used in this announcement bear the same
meaning as in the Notice of Annual General Meeting, dated 29 May
2020, unless otherwise defined herein.
This announcement contains inside information for the purposes
of the market abuse regulation (EU No. 596/2014) ("MAR").
For further information on the Company, visit
www.metaltigerplc.com:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 7099 0738
Mark Potter (Chief Investment Officer)
Richard Tulloch Strand Hanson Limited (Nominated Tel +44 (0)20 7409 3494
James Dance Adviser)
Jack Botros
Paul Shackleton Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900
Steve Douglas
Gordon Poole Camarco (Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
Hugo Liddy
Notes to Editors:
Metal Tiger plc is admitted to the AIM market of the London
Stock Exchange AIM Market ("AIM") with the trading code MTR and
invests in high potential mineral projects with a base, precious
and strategic metals focus.
The Company'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. Metal Tiger has two investment divisions: Equity
Investments and Project Investments.
Equity Investments invests in undervalued natural resource
companies. The majority of its investments are listed on AIM, the
TSX and the ASX, which includes its interest in Sandfire Resources
Limited (ASX: SFR). The Company also considers selective
opportunities to invest in private natural resource companies,
typically where there is an identifiable path to IPO. Through the
trading of equities and warrants, Metal Tiger seeks to generate
cash for investment for the Project Investments division.
Project Investments is focused on the development of its key
project interests in Botswana, where Metal Tiger has a growing
interest in the large and highly prospective Kalahari copper/silver
belt through its interest in Kalahari Metals Limited.
The Company actively assesses new investment opportunities on an
on-going basis and has access to a diverse pipeline of new
opportunities in the natural resources and mining sectors. For
pipeline opportunities deemed sufficiently attractive, Metal Tiger
may invest in the project or entity by buying publicly listed
shares, by financing privately and/or by entering into a joint
venture.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200630005427/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2020
(END) Dow Jones Newswires
June 30, 2020 05:33 ET (09:33 GMT)
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Metal Tiger (LSE:MTR)
Historical Stock Chart
From Sep 2023 to Sep 2024