METAL TIGER PLC: Exercise of Warrants / Director Dealing
February 18 2021 - 7:22AM
UK Regulatory
TIDMMTR
Metal Tiger Plc
("Metal Tiger" or the "Company")
Exercise of Warrants / Director Dealing
Metal Tiger (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities, is pleased to announce
that it has received warrant conversion notices for, in aggregate,
222,412 new ordinary shares of 0.1 pence each in the capital of the
Company ("Ordinary Shares"). 50,000 of these warrants have been
exercised by the Company's Chief Executive Officer, Michael
McNeilly.
Details of the warrant conversions are summarised below:
Aggregate number of New Ordinary Shares
warrants exercised Price Pound value to be issued
222,412 GBP0.20 GBP44,482 222,412
The 222,412 new Ordinary Shares are expected to be admitted to
trading on AIM on or around 24 February 2021 ("Admission").
Following Admission, Michael McNeilly will be interested in a
total of 700,000 Ordinary Shares, representing 0.46% of the
Company's then issued share capital.
Following Admission, the number of Ordinary Shares in issue in
the Company will increase to 153,792,654. 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 will consist of 153,792,654 Ordinary
Shares with voting rights attached (one vote per share). There are
no 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.
PDMR Notification Form
The notification below is made in accordance with the
requirements of the Market Abuse Regulation:
1. Details of the person discharging managerial responsibilities / person
closely associated
a) Name Michael McNeilly
2. Reason for the Notification
a) Position/status CEO
b) Initial notification/amendment Initial notification
3. Details of the issuer, emission allowance market participant, auction
platform, auctioneer or auction monitor
a) Name Metal Tiger plc
b) LEI 213800K1IN6M1VCVPA93
4. Details of the transaction(s): section to be repeated for (i) each type of
instrument; (ii) each type of transaction; (iii) each date; and (iv) each
place where transactions have been conducted
a) Description of the Financial Ordinary shares of 0.1 pence each
instrument, type of instrument
Identification code GB00BMQC0691
b) Nature of the Transaction Exercise of warrants
c) Price(s) and volume(s) Price(s) Volume(s)
20 pence 50,000
d) Aggregated information
Aggregated volume Price N/A
e) Date of the transaction 18 February 2021
f) Place of the transaction AIM (LSE)
For further information on the Company, visit:
www.metaltigerplc.com:
Enquiries:
Michael McNeilly (Chief Executive Officer) Tel: +44 (0)20 3287 5349
Mark Potter (Chief Investment Officer)
James Dance Strand Hanson Limited Tel +44 (0)20 7409 3494
Jack Botros (Nominated Adviser)
Georgia Langoulant
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/20210218005562/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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