Metal Tiger plc Issue of Equity and PDMR notification

 
TIDMMTR 
 
 

Metal Tiger Plc

11 May 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Issue of Equity and PDMR notification

Metal Tiger (LON: MTR) announces the issue of 290,886 new ordinary shares in the Company shares to VSA Capital Ltd in lieu of cash for adviser's fees.

The 290,886 VSA shares are expected to be admitted to trading on or around 17 May 2017. Following the issue of the shares, the number of ordinary shares in issue in the Company will increase to 956,232,729 ordinary shares with one voting right each. 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 956,232,729 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.

In relation to the Bonus Shares issued to Alastair Middleton announced earlier today, the PDMR Annex form can be found at the bottom of this announcement.

For further information on the Company, visit: www.metaltigerplc.com:

 
Michael McNeilly (Chief                             Tel: [phone] 
Executive Officer) 
Keith Springall (Finance                            Tel: [phone] 
Director 
& Company Secretary) 
Sean Wyndham-Quin          Spark Advisory Partners  Tel: +44 (0) 
Neil Baldwin               Limited                  2033 683 555 
                           (Nominated Adviser) 
                                                    www.sparkadvisorypartners.com 
Nick Emerson               SI Capital               Tel: [phone] 
Andy Thacker               (Joint Broker) 
Andrew Monk                VSA Capital Limited      Tel: [phone] 
Andrew Raca                (Joint Broker) 
Gordon Poole               Camarco                  Tel: [phone] 
James Crothers             (Financial PR) 
 
 

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.

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                                                         Alastair Middleton 
2    Reason for the notification 
a)   Position/status                                              Technical Director 
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                                    Director bonus remuneration 
c)   Price(s) and volume(s) 
                                                                    Price(s)  Volume(s) 
                                                                    3p        400,000 
d)   Aggregated information 
     - Aggregated volume                                          400,000 
     - Price                                                      3p 
e)   Date of the transaction                                      11 May 2017 
f)   Place of the transaction                                     AIM, London Stock Exchange 
 
 
 
 

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(END) Dow Jones Newswires

May 11, 2017 08:24 ET (12:24 GMT)