24th May 2017 13:31
Metal Tiger plc - Exercise of Warrants and PDMR Notification
Metal Tiger Plc
24 May 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Exercise of Warrants/PDMR notification
Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce that it has received completed signed warrant conversion notices for the following amount:
| Number of warrants exercised | Price (£) | Pound value (£) | New ordinary shares to be issued | |||||
| 2,000,000 | 0.016 | 32,000.00 | 2,000,000 |
The 2,000,000 new ordinary shares are expected to be admitted to trading on or around 31 May 2017.
Following the issue of the new ordinary shares, the number of ordinary shares in issue in the Company will increase to 961,857,729. 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 961,857,729 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.
This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
| a) | Name | Charles Hall | ||||||
| 2 | Reason for the notification | |||||||
| a) | Position/status | Non Executive Chairman | ||||||
| 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 | |||||||
| 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 | New ordinary shares at 0.01p | ||||||
| Identification code | GB0030493232 | |||||||
| b) | Nature of the transaction | Exercise of share warrants | ||||||
| c) | Price(s) and volume(s) | |||||||
| Price(s) | Volume(s) | |||||||
| 1.6p | 2,000,000 | |||||||
| d) | Aggregated information | |||||||
| - Aggregated volume | 2,000,000 | |||||||
| - Price | 1.6p | |||||||
| e) | Date of the transaction | 24 May 2017 | ||||||
| f) | Place of the transaction | AIM, London Stock Exchange | ||||||
For further information on the Company, visit: www.metaltigerplc.com:
| Michael McNeilly(Chief Executive Officer) | Tel: +44(0)20 7099 0738 | |||
| Keith Springall (Finance Director & Company Secretary) | Tel: +44 (0)207099 0738 | |||
| Sean Wyndham-Quin Neil Baldwin | Spark Advisory Partners Limited (Nominated Adviser) | Tel: +44 (0) 2033 683 555
www.sparkadvisorypartners.com | ||
| Nick Emerson Andy Thacker | SI Capital (Joint Broker) | Tel: +44 (0)1483 413 500 | ||
| Andrew Monk Andrew Raca | VSA Capital Limited (Joint Broker) | Tel: +44 (0)20 3005 5000 | ||
| Gordon Poole James Crothers | Camarco (Financial PR) | Tel: +44 (0)203 757 4980 |
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 viable may be undertaken by Metal Tiger or by an AIM or NEX Exchange (formerly ISDX) partner with whom the Company is engaged.
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Market Abuse Regulations (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
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