18th Feb 2021 12:22
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 warrants exercised | Price | Pound value | New Ordinary Shares to be issued | |||
|
| 222,412 |
| £0.20 |
| £44,482 |
| 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 instrument, type of instrument | Ordinary shares of 0.1 pence each | |
Identification code | GB00BMQC0691 | ||
b) | Nature of the Transaction | Exercise of warrants | |
c) | Price(s) and volume(s) | Price(s) 20 pence | Volume(s) 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 Mark Potter | (Chief Executive Officer) (Chief Investment Officer) | Tel: +44 (0)20 3287 5349 |
James Dance Jack Botros Georgia Langoulant | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
Paul Shackleton Steve Douglas | Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 |
Gordon Poole James Crothers Hugo Liddy | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
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.
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