First Tin PLC Director/PDMR Shareholding

RNS Number : 4227W

First Tin PLC

15 July 2024

 

15 July 2024

First Tin Plc

("First Tin" or "the Company")

Director/PDMR dealing

First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, announces that it has been notified that Clara Resources Limited, a person closely associated with Nicholas Mather no longer has a stake in the Company pursuant to the sale of 60,000,000 Ordinary Shares in the Company ("Ordinary Shares") at a price of GBX 4 pence per share on 10 July 2024. The trade occurred while Mr. Mather still held the position of Non-Executive Director at First Tin PLC as the representative of Clara Resources Limited ("Clara") of which he is also a Director.  

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:

1.	Details of the person discharging managerial responsibilities/person closely associated
a)	Name:	Clara Resources Limited
2.	Reason for the notification
a)	Position/status:	Nicholas Mather a Non-Executive Director (as at the dealing date) is also a director of Clara Resources Limited
b)	Initial notification/Amendment:	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name:	First Tin PLC
b)	LEI:	LEI: 984500CSA7TBE3FB7C63
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: Identification code:  GB00BNR45554	Ordinary shares of 0.1 pence each
b)	Nature of the transaction:	Sale of Ordinary Shares
c)	Price(s) and volume(s):	Price(s) Volume(s) GBX 4.00 60,000,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s) GBX 4.00 60,000,000
e)	Date of the transaction:	10.07.2024
f)	Place of the transaction:	London Stock Exchange, Main Market

 

Enquiries:

 

First Tin
William (Bill) Scotting - Chief Executive Officer	Via SEC Newgate below
Arlington Group Asset Management Limited (Financial Advisor and Joint Broker)
Simon Catt	020 7389 5016
WH Ireland Limited (Joint Broker)
Harry Ansell	020 7220 1670
SEC Newgate (Financial Communications)
Elisabeth Cowell / Molly Gretton	[e-mail]

 

Notes to Editors

First Tin PLC is an ethical, reliable, and sustainable tin production company led by a team of renowned tin specialists. The Company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia, which have been de-risked significantly, with extensive work undertaken to date.

Tin is a critical metal, vital in any plan to decarbonise and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future.

First Tin's goal is to use best-in-class environmental standards to bring two tin mines into production in three years, providing provenance of supply to support the current global clean energy and technological revolutions.

 

 

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