10th Jul 2015 08:29
METAL TIGER PLC
10 July 2015
Metal Tiger plc
("Metal Tiger" or the "Company")
Board Directors Exercise Options to Buy Shares
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that the Company has received notices from three directors to exercise 1p options, resulting in an additional director personal investment in Metal Tiger plc shares of £46,700.
Director Option Exercise
The exercise notices were as follows:
Director | Role | Options Exercised | Amount Invested |
Cameron Parry | Chief Executive Officer | 2,500,000 1p options | £25,000 |
Paul Johnson | Executive Director | 1,670,000 1p options | £16,700 |
Alex Borrelli | Non-Executive Director | 500,000 1p options | £5,000 |
Total | 4,670,000 1p options | £46,700 | |
Cameron Parry CEO of Metal Tiger plc commented "The Board of Metal Tiger believe that there is a historic opportunity emerging in the natural resource sector to build a portfolio of interests at an extremely low valuation point in the resources cycle. This includes investment opportunities in exploration/development projects on the ground with considerable potential and also in listed resource equities which are experiencing a shortage of capital, in many cases despite viable and exciting business assets.
By exercising options now we have further aligned Board and shareholder interests and demonstrated our commitment to the Company and belief in the emerging business model of Metal Tiger. When combined with Paul Johnson's £14,500 on-market purchase of shares announced 6 July 2015, this option exercise means Company directors have personally invested £61,200 in Metal Tiger shares, within the last week."
Director Shareholding and Remaining Options
Following this option exercise and the issue of shares outlined above the Board of Metal Tiger will hold the following shares and options in the Company:
Director | Shares Held | Options Remaining (expiry date) |
Cameron Parry | 2,500,000 (0.81%) (*) | 2,500,000 1p (10.07.17) 5,000,000 2p (02.07.18) |
Paul Johnson | 7,295,000 (2.37%) | 3,330,000 1.75p (02.07.18) 5,000,000 2p (02.07.18) |
Terrence Grammer | (*) | 3,335,000 1.5p (14.12.17) 3,330,000 2p (02.07.18) |
Alex Borrelli | 5,400,000 (1.75%) | 1,170,000 1p (10.07.17) 1,670,000 2p (02.07.18) |
(*) Note Cameron Parry and Terrence Grammer are also Directors of Blackstar Gold Pty Ltd which has an interest in 19,880,000 Metal Tiger plc shares. | ||
Share Admission and Total Voting Rights
The 4,670,000 exercised option shares are expected to be admitted to trading on or around 15 July 2015. Following the issue of the exercised option shares the number of ordinary shares in issue in the Company will increase to 308,375,795. 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 consists of 308,375,795 ordinary shares with voting rights attached (one vote per 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.
For further information on the Company, visit: www.metaltigerplc.com:
Metal Tiger Plc | |
Cameron Parry (CEO) | Tel: +44 (0)207 099 0738 |
Paul Johnson (Executive Director) | Tel: +44 (0)7766 465 617 |
Spark Advisory Partners Limited (Nominated Adviser) Sean Wyndham-Quin Neil Baldwin | Tel: +44 (0) 2033 683 555
|
SI Capital (Sole Broker) Nick Emerson Andy Thacker | Tel: +44 (0) 1483 413 500 |
Notes to Editors:
Metal Tiger Plc is a natural resources focused investing company quoted on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and two investment divisions, Direct Equities and Direct Projects.
The Direct Equities division invests in quoted natural resource explorers and developers, with a combination of shares and warrants providing a potential non-debt financing instrument and enhanced return potential.
The Direct Projects division invests in operational mineral exploration projects with current investments in Spanish Gold & Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and Uranium. The Direct Projects investment division also has working collaborations to identify new investment opportunities in Russia (platinum focus) and Turkey (gold focus), in association with experienced in-country partners.
Metal Tiger'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 timed to coincide where possible, with a cyclical recovery in the exploration and mining markets.
Related Shares:
MTR.L