Share Name Share Symbol Market Type Share ISIN Share Description
Metal Tiger Plc LSE:MTR London Ordinary Share GB0030493232 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.025 2.22% 1.15 1.05 1.25 1.15 1.125 1.125 3,481,181 11:00:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -4.0 -0.3 - 18

Metal Tiger plc Transaction in own shares

22/01/2020 7:00am

UK Regulatory (RNS & others)

Metal Tiger (LSE:MTR)
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22 January 2020


Metal Tiger plc


("Metal Tiger" or the "Company")


Transaction in own shares


Metal Tiger plc (AIM:MTR), the London Stock Exchange AIM listed investor in strategic natural resource opportunities, announces that it has made (through Arden Partners plc ("Arden") acting as the Company's broker) the following redemptions pursuant to the share buyback programme (the "Programme") announced on 19 December 2019.

Date of purchase                         21 January 2020 
Number of shares purchased               3,000,000 
Highest price paid per share             1.31 pence 
Lowest price paid per shares             1.31 pence 
Volume weighted average price per share  1.31 pence 

Notification of total voting rights in accordance with the FCA's Disclosure and Transparency Rules provision 5.6.1R.


Following the repurchase of the shares set out above, the Company's issued share capital consists of 1,542,855,917 shares including 15,179,310 shares held in Treasury.


Hence, the figure of 1,527,676,607 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Metal Tiger under the FCA's Disclosure and Transparency Rules. The Company will make further announcements in due course following the completion of any further purchases pursuant to the Programme.


In accordance with Article 5(1)(b) of the Market Abuse Regulation (EU) No 596/2014 details of the purchase of its own ordinary shares by the Company, which were all executed through Arden are set out below:


Individual transactions:

Number of shares  Transaction price Time of transaction Trading venue 
purchased         (pence 
                  per share) 
3,000,000         1.31              16:08.02            LSE 

For further information on the Company, visit:

Michael McNeilly  (Chief Executive Officer)   Tel: +44 (0)20 7099 0738 
Mark Potter       (Chief Investment Officer) 
Richard Tulloch   Strand Hanson Limited       Tel +44 (0)20 7409 3494 
James Dance       (Nominated Adviser) 
Jack Botros 
Paul Shackleton   Arden Partners plc (Broker) Tel: +44 (0)20 7614 5900 
Steve Douglas 
Gordon Poole      Camarco (Financial PR)      Tel: +44 (0)20 3757 4980 
James Crothers 
Monique Perks 

Notes to Editors:


Metal Tiger plc is admitted to the AIM market of the London Stock Exchange ("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: Direct Equities and Direct Projects.


The Direct Equities Division invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.5% interest in Sandfire Resources NL (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 in the Direct Projects Division.


The Direct 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 through its interest in Kalahari Metals Limited. In Spain, the Company has tungsten and gold interests in the highly mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage lead/zinc/silver mines as well as licences, applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.


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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This information is provided by Business Wire 

(END) Dow Jones Newswires

January 22, 2020 02:00 ET (07:00 GMT)

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