Metal Tiger plc Options Grant

 
TIDMMTR 
 
 

Metal Tiger plc

("Metal Tiger" or the "Company")

Options Grant

Metal Tiger is pleased to announce that further to the recommendation of the remuneration committee (comprising Charles Hall, Non-Executive Chairman and Terry Grammer, Non-Executive Director), the Board has approved the following performance share options to existing Directors, and as of today an unallocated pool of options to be allocated to key staff and management.

 
Director                    Position                  Number of Options  Exercise Price  Expiry Date 
Charles                     Non-Executive Chairman    3,000,000          3.5p            20 July 2023 
Hall                                                  4,500,000          4.5p 
Michael                     Chief Executive Officer   10,000,000         3.5p            20 July 2023 
McNeilly                                              15,000,000         4.5p 
Mark Potter                 Chief Investment Officer  10,000,000         3.5p            20 July 2023 
                                                      15,000,000         4.5p 
Terry                       Non-Executive Director    2,000,000          3.5p            20 July 2023 
Grammer                                               3,000,000          4.5p 
Neville                     Non-Executive Director    2,000,000          3.5p            20 July 2023 
Bergin                                                3,000,000          4.5p 
Unallocated Key Staff and                             5,000,000          3.5p            20 July 2023 
Management Options Pool                               6,000,000          4.5p 
 
 

The 3.5p options are subject to a 12-month vesting period and the 4.5p options are subject to an 18-month vesting period, the options are exercisable prior to vesting completing whilst the Director, staff or key management remains in the employment of the Company.

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

 
Director           Position       Number of   Exercise Price  Expiry Date 
                                  Options 
Charles Hall       Non-Executive  5,000,000   6p              11.05.2022 
                   Chairman       3,000,000   3.5p            20.07.2023 
                                  4,500,000   4.5p            20.07.2023 
Michael McNeilly   Chief          2,000,000   2p              21.06.2019 
                   Executive      7,500,000   3p              18.01.2020 
                   Officer*       10,000,000  6p              11.05.2022 
                                  10,000,000  3.5p            20.07.2023 
                                  15,000,000  4.5p            20.07.2023 
Mark Potter        Chief          1,000,000   3p              18.01.2020 
                   Investment     4,000,000   6p              11.05.2022 
                   Officer        10,000,000  3.5p            20.07.2023 
                                  15,000,000  4.5p            20.07.2023 
Keith Springall    Finance        2,500,000   2p              21.06.2019 
                   Director*      5,000,000   3p              18.01.2020 
                                  5,000,000   6p              11.05.2022 
Terry Grammer      Non-Executive  5,000,000   2p              31.05.2019 
                   Director       2,000,000   3p              18.01.2020 
                                  2,000,000   6p              11.05.2022 
                                  2,000,000   3.5p            20.07.2023 
                                  3,000,000   4.5p            20.07.2023 
Neville Bergin     Non-Executive  2,000,000   3.5p            20.07.2023 
                   Director       3,000,000   4.5p            20.07.2023 
 
 

* 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 Executive Officer                 Tel: [phone] 
                                (Metal Tiger plc) 
Mark Potter                     Chief Investment Officer                Tel: [phone] 
                                (Metal Tiger plc) 
Stephen AllenBhavesh Patel      RFC Ambrian Ltd(Nominated Adviser)      Tel: [phone] 
Charlie Cryer                   RFC Ambrian Ltd(Joint Broker)           Tel: [phone] 
Nick Emerson                    SI Capital(Joint Broker)                Tel: [phone] 
Gordon Poole                    Camarco(Financial PR)                   Tel: [phone] 
James Crothers 
 
 

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, 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 silver/lead/zinc mines as well as 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: https://www.businesswire.com/news/home/20180723005252/en/

 
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(END) Dow Jones Newswires

July 23, 2018 04:59 ET (08:59 GMT)