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Metal Tiger plc - Issue of Management Options

Metal Tiger Plc

18 January 2017

Metal Tiger Plc

("Metal Tiger" or the "Company")

Issue of Management Options

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce the issue of management performance share options (“New Options”) to existing and recently appointed directors.

The New Options were determined by the Company’s Remuneration Committee which then comprised Charles Hall (Non-Executive Chairman) and Paul Johnson (then Non-Executive Director) and approved by the Board.

All New Options will vest immediately but only be exercisable whilst the director remains in the employ of the Company or any time after 12 month’s service from today’s date.

The New Options to be awarded are as follows:

    Number   Exercise   Expiry
DirectorPositionof OptionsPriceDate
 
 
Charles Hall Non-Executive Chairman 3,000,000 3p 18.01.20
 
Michael McNeilly Chief Executive Officer 7,500,000 3p 18.01.20
 
Keith Springall Finance Director 5,000,000 3p 18.01.20
 
Alastair Middleton Chief Technical Officer 4,500,000 3p 18.01.20
500,000 2p 18.01.20
 
Geoff McIntyre Executive Director 3,000,000 3p 18.01.20
 
Terry Grammer Non-Executive Director 2,000,000 3p 18.01.20
 
Mark Potter Non-Executive Director 1,000,000 3p 18.01.20

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

    Number   Exercise   Expiry
DirectorPositionof OptionsPriceDate
 
 
Charles Hall Non-Executive Chairman 3,000,000 3p 18.01.20
 
Michael McNeilly Chief Executive Officer 7,500,000 3p 18.01.20
* 2,000,000 2p 21.06.19
 
Keith Springall Finance Director 5,000,000 3p 18.01.20
* 2,500,000 2p 21.06.19
 
Alastair Middleton Chief Technical Officer 4,500,000 3p 18.01.20
500,000 2p 18.01.20
 
Geoff McIntyre Executive Director 1,750,000 2p 21.09.19
3,000,000 3p 18.01.20
 
 
Terry Grammer Non-Executive Director 3,335,000 1.5p 15.12.17
2,000,000 3p 18.01.20
5,000,000 2p 31.05.19
3,330,000 2p 02.07.18
 
Mark Potter Non-Executive Director 1,000,000 3p 18.01.20
 
* 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: +44(0)20 7099 0738
Keith Springall (Finance Director & Company Secretary) Tel: +44 (0)207099 0738
Sean Wyndham-Quin

Neil Baldwin

Spark Advisory Partners Limited

(Nominated Adviser)

Tel: +44 (0) 2033 683 555

 

www.sparkadvisorypartners.com

Nick Emerson

Andy Thacker

SI Capital

(Joint Broker)

Tel: +44 (0)1483 413 500
Andrew Monk

Andrew Raca

VSA Capital Limited

(Joint Broker)

Tel: +44 (0)20 3005 5000
Gordon Poole

James Crothers

Camarco

(Financial PR)

Tel: +44 (0)203 757 4980

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.