Metal Tiger plc Exercise of Warrants/PDMR notification
May 24 2017 - 8:32AM
UK Regulatory
TIDMMTR
Metal Tiger plc - Exercise of Warrants and PDMR Notification
Metal Tiger Plc
24 May 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Exercise of Warrants/PDMR notification
Metal Tiger (LON: MTR), the natural resources investing company
is pleased to announce that it has received completed signed
warrant conversion notices for the following amount:
Number of warrants Price (GBP) Pound value (GBP) New ordinary shares
exercised to be issued
2,000,000 0.016 32,000.00 2,000,000
The 2,000,000 new ordinary shares are expected to be admitted to
trading on or around 31 May 2017.
Following the issue of the new ordinary shares, the number of
ordinary shares in issue in the Company will increase to
961,857,729. For the purposes of the Financial Conduct Authority's
Disclosure and Transparency Rules ("DTRs"), the issued ordinary
share capital of Metal Tiger following this allotment consists of
961,857,729 ordinary shares with voting rights attached (one vote
per share). There are no shares held in treasury. This total voting
rights figure may be used by shareholders as the denominator for
the calculation by which they will determine whether they are
required to notify their interest in, or a change to their interest
in, Metal Tiger under the DTRs.
This form is required for disclosure of transactions under
Article 19 of Regulation (EU) No 596/2014 of the European
Parliament and of the Council of 16 April 2014 on market abuse
(Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities / person closely associated
a) Name Charles Hall
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 Metal Tiger plc
b) LEI
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 New ordinary shares at 0.01p
Identification code GB0030493232
b) Nature of the transaction Exercise of share warrants
c) Price(s) and volume(s)
Price(s) Volume(s)
1.6p 2,000,000
d) Aggregated information
- Aggregated volume 2,000,000
- Price 1.6p
e) Date of the transaction 24 May 2017
f) Place of the transaction AIM, London Stock Exchange
For further information on the Company, visit:
www.metaltigerplc.com:
Michael McNeilly(Chief Tel: +44(0)20 7099 0738
Executive Officer)
Keith Springall (Finance Tel: +44 (0)207099 0738
Director
& Company Secretary)
Sean Wyndham-Quin Spark Advisory Partners Tel: +44 (0)
Neil Baldwin Limited 2033 683 555
(Nominated Adviser)
www.sparkadvisorypartners.com
Nick Emerson SI Capital Tel: +44 (0)1483 413 500
Andy Thacker (Joint Broker)
Andrew Monk VSA Capital Limited Tel: +44 (0)20 3005 5000
Andrew Raca (Joint Broker)
Gordon Poole Camarco Tel: +44 (0)203 757 4980
James Crothers (Financial PR)
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
Metal Tiger the Company has tungsten and gold interests in the
highly mineralised Extremadura region. In Thailand Metal Tiger has
expanding interests over 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.
***************************************************************************************
Market Abuse Regulations (EU) No. 596/2014
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the
publication of this announcement via Regulatory Information Service
(RIS), this inside information is now considered to be in the
public domain.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170524005650/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
May 24, 2017 08:32 ET (12:32 GMT)
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