First Tin PLC Director/PDMR dealing (7825I)

TIDM1SN

RNS Number : 7825I

First Tin PLC

06 December 2022

06 December 2022

First Tin Plc

("First Tin" or "the Company")

Director/PDMR dealing

First Tin Plc ("First Tin"), a tin development company with advanced, low capex projects in Germany and Australia, announces that it has been notified that has been notified that Mr Charles Cannon-Brookes, Non-Executive Chairman at the Company, has purchased, on behalf of Arlington Partners Fund, 1,566,667 shares in First Tin at a price of GBP 0.0890361 pence per share on Monday 5 December 2022.

Following this transaction, Arlington Partners Fund holds a beneficial interest in 21,566,667 Ordinary Shares representing 8.12 per cent of the Company's issued share capital.

Arlington Partners Fund is owned by Arlington Group Asset Management Limited, in which Charlie Cannon Brookes, First Tin's Non-Executive Chairman, has a 50 per cent interest.

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:                                           Charles Cannon-Brookes on behalf of Arlington Partners Fund 
    ----------------------------------------------  ------------------------------------------------------------------ 
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:                                           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   Ordinary shares of 0.1 pence each 
    of instrument: 
    Identification code: GB00BNR45554 
    ----------------------------------------------  ------------------------------------------------------------------ 
b)  Nature of the transaction:                      Purchase of Ordinary Shares 
    ----------------------------------------------  ------------------------------------------------------------------ 
c)  Price(s) and volume(s):                          Price(s)              Volume(s) 
                                                      GBP 0.0890361 pence   1,566,667 
                                                    ------------------------------------------------------------------ 
d)  Aggregated information:                         Single transaction as in 4 c) abovePrice(s)              Volume(s) 
     Aggregated volume:                              GBP 0.0890361 pence   1,566,667 
     Price: 
                                                    ------------------------------------------------------------------ 
e)  Date of the transaction:                        05.12.22 
    ----------------------------------------------  ------------------------------------------------------------------ 
f)  Place of the transaction:                       London Stock Exchange, Main Market 
 
 

Enquiries:

 
 First Tin                                Via SEC Newgate 
                                           below 
 Thomas Bunger - Chief Executive 
  Officer 
 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 PR) 
 Elisabeth Cowell / Axaule Shukanayeva 
  / 
  Molly Gretton                           07900 248 213 
 

Notes to Editors

First Tin 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.

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. Its assets have been de-risked significantly, with extensive work undertaken to date.

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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December 06, 2022 07:15 ET (12:15 GMT)