METAL TIGER PLC: Update: ASX Compliance Listing
May 26 2021 - 3:23AM
UK Regulatory
TIDMMTR
26 May 2021
Metal Tiger plc
("Metal Tiger" or the "Company")
Update: ASX Compliance Listing
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed
investor in natural resource opportunities is pleased to announce
that, further to its announcement of 29 January 2021, the
Australian Securities Exchange ("ASX") has confirmed that Metal
Tiger will be admitted to the Official List of the ASX and
9,111,810 Metal Tiger CHESS Depositary Interests ("CDIs") will be
officially quoted under the ticker ASX:MTR, from 27 May 2021.
Shareholders should note the following key points
(non-exhaustive) will apply to Metal Tiger in terms of its
commitments and obligations as a result of the ASX listing:
-- The terms of existing options and warrants remain unchanged, however,
future options and warrants that may be issued must be on terms which are
compliant with the ASX listing rules. The ASX listing rules have a number
of requirements with respect to the terms of options and warrants and
what must be included in those terms, including that any change to the
terms of options or warrants as a result of reorganisations, changes to
share capital etc are done in accordance with calculation set out in the
listing rules. Accordingly, Metal Tiger is considering potential
amendments to its existing incentive plans and will seek shareholder
approval for any such amendments as appropriate.
-- The listing on ASX is a compliance listing with no capital being raised.
A capital raising conducted within the next 12 months will require a
prospectus in accordance with Australian regulatory requirements.
-- As an ASX listed entity, Metal Tiger will be subject to ASX periodic
disclosure requirements and enhanced continuous disclosure requirements.
Periodic disclosure requirements include:
-- monthly net tangible assets ("NTA") reporting (at the latest 14
days after month end);
-- half year reports (latest 2 months after period end); and
-- full year financial reporting (latest 3 months after period end).
Investors should note that the time periods for these reporting
requirements are different to what is currently required by the
Company and that the Company has no obligation under the AIM Rules
for Companies to report NTA monthly. Other minor reporting
requirements relating to the movement of shares from the CHESS
sub-register (Australian subregister) to the ordinary share
register (UK sub register) and vice-versa will be required 5 days
after each month end.
Documents pertinent to the ASX Listing (including updated
corporate governance policies) can be found at the following
link:
https://www.metaltigerplc.com/investors/aim-rule-26
https://www.metaltigerplc.com/Corporate-Governance
Shareholders wishing to transfer their shares from the United
Kingdom Register (Ordinary Shares) to the Australian Register
(CDI's) can find the appropriate instructions and form at the
following link:
https://www.metaltigerplc.com/investors/cross-border-movement-of-shares-cdi-s
Instructions to transfer CDI's from the Australian Register to
the United Kingdom Register (Ordinary Shares) are also available at
the above link.
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
Georgia Langoulant (Nominated Adviser)
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/20210526005456/en/
CONTACT:
Metal Tiger plc
SOURCE: Metal Tiger plc
Copyright Business Wire 2021
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