Metal Tiger plc Issue of Management Options

 
TIDMMTR 
 
 

Metal Tiger Plc

18 January 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Issue of Management Options

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the issue of management performance share options ("New Options") to existing and recently appointed directors.

The New Options were determined by the Company's Remuneration Committee which then comprised Charles Hall (Non-Executive Chairman) and Paul Johnson (then Non-Executive Director) and approved by the Board.

All New Options will vest immediately but only be exercisable whilst the director remains in the employ of the Company or any time after 12 month's service from today's date.

The New Options to be awarded are as follows:

 
                                         Number      Exercise  Expiry 
Director             Position            of Options  Price     Date 
Charles Hall         Non-Executive       3,000,000   3p        18.01.20 
                     Chairman 
Michael McNeilly     Chief Executive     7,500,000   3p        18.01.20 
                     Officer 
Keith Springall      Finance Director    5,000,000   3p        18.01.20 
Alastair Middleton   Chief Technical     4,500,000   3p        18.01.20 
                     Officer 
                                         500,000     2p        18.01.20 
Geoff McIntyre       Executive Director  3,000,000   3p        18.01.20 
Terry Grammer        Non-Executive       2,000,000   3p        18.01.20 
                     Director 
Mark Potter          Non-Executive       1,000,000   3p        18.01.20 
                     Director 
 
 

Following the issue of the New Options above the total options held by the Board will be as follows:

 
                                              Number      Exercise  Expiry 
Director             Position                 of Options  Price     Date 
Charles Hall         Non-Executive Chairman   3,000,000   3p        18.01.20 
Michael McNeilly     Chief Executive Officer  7,500,000   3p        18.01.20 
                     *                        2,000,000   2p        21.06.19 
Keith Springall      Finance Director         5,000,000   3p        18.01.20 
                     *                        2,500,000   2p        21.06.19 
Alastair Middleton   Chief Technical Officer  4,500,000   3p        18.01.20 
                                              500,000     2p        18.01.20 
Geoff McIntyre       Executive Director       1,750,000   2p        21.09.19 
                                              3,000,000   3p        18.01.20 
Terry Grammer        Non-Executive Director   3,335,000   1.5p      15.12.17 
                                              2,000,000   3p        18.01.20 
                                              5,000,000   2p        31.05.19 
                                              3,330,000   2p        02.07.18 
Mark Potter          Non-Executive Director   1,000,000   3p        18.01.20 
* Options awarded under the Staff and Partner Options award approved  by Shareholders at 
General Meeting (31.05.16) 
 
 

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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170118005455/en/

 
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(END) Dow Jones Newswires

January 18, 2017 03:15 ET (08:15 GMT)