9th Mar 2016 09:44
Metal Tiger Plc
09 March 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
EXERCISE OF METAL TIGER 1.5p OPTIONS BY CHAIRMAN
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects, is pleased to announce that the Company's Chairman Terry Grammer has exercised 3,335,000 1.5p options over Metal Tiger ordinary shares at a total exercise cost of £50,025.
The exercise price represents a premium of 33.33% to the closing share price of Metal Tiger plc on 8th March 2016.
The options were originally granted to Mr Grammer on 15 December 2014 at an exercise price of 1.5p per ordinary share and with a three year maximum exercise period.
Following this transaction, Terry Grammer will hold 33,335,000 shares representing 7.47% of the Company's issued share capital.
Listed below is a summary of the director transactions undertaken in Metal Tiger plc to date and the current shareholdings of all board members.
Director Transactions in Metal Tiger plc July 2014 to March 2016:
Date | Director | Trade Type | Description | No. Shares | Price Paid (p) | Amount (£) |
09.03.16 07.03.16 04.03.16 | Terry Grammer Paul Johnson Paul Johnson | Buy Spouse-Buy Buy | Option Exercise On Market On Market | 3,335,000 500,000 705,000 | 1.50 1.25 1.17 | 50,025 6,250 8,250 |
16.12.15 | Paul Johnson | Buy | On Market | 500,000 | 0.83 | 4,150 |
14.12.15 | Terry Grammer | Buy | Placing | 30,000,000 | 0.80 | 240,000 |
10.07.15 | Cameron Parry | Buy | Option Exercise | 2,500,000 | 1.00 | 25,000 |
10.07.15 | Paul Johnson | Buy | Option Exercise | 1,670,000 | 1.00 | 16,700 |
10.07.15 | Alex Borrelli | Buy | Option Exercise | 500,000 | 1.00 | 5,000 |
06.07.15 | Paul Johnson | Buy | On Market | 1,500,000 | 0.97 | 14,500 |
29.12.14 | Paul Johnson | Buy | On Market | 250,000 | 0.98 | 2,440 |
15.12.14 | Paul Johnson | Buy | On Market | 375,000 | 0.85 | 3,188 |
18.07.14 | Paul Johnson | Buy | Off Market | 3,500,000 | 0.50 | 17,500 |
18.07.14 | Alex Borrelli | Buy | Off Market | 2,500,000 | 0.50 | 12,500 |
Total | 47,835,000 | 405,503 |
(Note: the price paid in the table above and the % of issued share capital in the table below have been rounded to two decimal places)
Director Shareholdings in Metal Tiger plc at 9th March 2016 (including this option exercise):
Amount | ||||||
% of Issued | Invested | |||||
Director | Shares Held | Share Capital | Since July 2014 | |||
Terry Grammer (Chairman) | 33,335,000 | 7.47% | £290,025 | |||
Paul Johnson (CEO) | 9,000,000 | 2.02% | £72,978 | |||
Cameron Parry (NED) | 2,500,000 | 0.56% | £25,000 | |||
Alex Borrelli (NED) | 5,400,000 | 1.21% | £17,500 | |||
Director Option Exercise
Metal Tiger is issuing Terry Grammer with 3,335,000 Metal Tiger new ordinary shares at price per share of 1.50p (the "Option Exercise Shares") and for cash consideration to Metal Tiger of £50,025.
The Option Exercise Shares are expected to be admitted to trading on or around 18h March 2016. Following the issue of the Option Exercise Shares, the number of ordinary shares in issue in the Company will increase to 446,134,795. 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 446,134,795 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.
For further information on the Company, visit: www.metaltigerplc.com:
Paul Johnson (Chief Executive Officer) | Tel: +44 (0)7766 465 617 | |
Terry Grammer (Non- Executive Chairman) | Tel: +44 (0)207 099 0738 | |
Sean Wyndham-Quin Neil Baldwin Nick Emerson Andy Thacker | Spark Advisory Partners Limited (Nominated Adviser) SI Capital (Sole Broker)
| Tel: +44 (0) 2033 683 555 www.sparkadvisorypartners.com Tel: +44 (0) 1483 413 500 |
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 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.
Related Shares:
MTR.L