First Tin PLC Director/PDMR dealing (4808Z)

TIDM1SN

RNS Number : 4808Z

First Tin PLC

16 May 2023

16 May 2023

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 Mr. Thomas Buenger, Chief Executive Officer at the Company, has purchased 500,000 shares in First Tin at a price of 9 Euro cents per share on Monday 15 May 2023.

Following this transaction, Thomas Buenger holds a beneficial interest in 4,010,400 Ordinary Shares representing 1.51 per cent of the Company's issued share capital.

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:                                             Thomas Buenger 
    ------------------------------------------------  ---------------------------------------------------------------- 
2.  Reason for the notification 
    ------------------------------------------------------------------------------------------------------------------ 
a)  Position/status:                                  Chief Executive Officer 
    ------------------------------------------------  ---------------------------------------------------------------- 
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  Ordinary shares of 0.1 pence each 
    instrument: 
    Identification code: GB00BNR45554 
    ------------------------------------------------  ---------------------------------------------------------------- 
b)  Nature of the transaction:                        Purchase of Ordinary Shares 
    ------------------------------------------------  ---------------------------------------------------------------- 
c)  Price(s) and volume(s):                            Price(s)            Volume(s) 
                                                        EUR 9 Euros cents   500,000 
                                                      ---------------------------------------------------------------- 
d)  Aggregated information:                           Single transaction as in 4 c) abovePrice(s)            Volume(s) 
     Aggregated volume:                                EUR 9 Euros cents   500,000 
     Price: 
                                                      ---------------------------------------------------------------- 
e)  Date of the transaction:                          15.05.23 
    ------------------------------------------------  ---------------------------------------------------------------- 
f)  Place of the transaction:                         Frankfurt Stock Exchange 
 
 

Enquiries:

 
 First Tin                               Via SEC Newgate below 
 Thomas Buenger - 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 
  Communications) 
 Elisabeth Cowell / Molly            [e-mail] 
  Gretton 
 

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.

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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May 16, 2023 02:00 ET (06:00 GMT)