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Executive Director Share Purchase

RNS Number : 2578S
Metal Tiger PLC
06 July 2015
 

METAL TIGER PLC

6 July 2015

 



Metal Tiger plc

("Metal Tiger" or the "Company")

 

Executive Director Share Purchase

 

 

Metal Tiger (LON: MTR), the natural resources investing company is pleased to announce it has been advised that Executive Director Paul Johnson has today purchased 1.5 million shares in the company, through the open market, at an average price of 0.967 pence per share for a total additional personal investment in the Company of £14,500.

 

Following this purchase, Paul Johnson is interested in 5,625,000 shares representing 1.85% of the issued share capital of the Company.

 

Paul Johnson, Executive Director of Metal Tiger plc commented "Personally I believe Metal Tiger is considerably undervalued versus its current interests and forward potential in the natural resources marketplace.  The market valuation of Metal Tiger has been constrained by market conditions, as is the case with most companies occupying this sector.  Such conditions do not persist forever, and on the assumption of a recovery Metal Tiger is well placed to perform well for investors going forward. 

 

It has been a source of frustration recently that I have not been able to add to my holding but we have been in a perpetual close period for many months.  I am pleased to be able to buy a further holding today, and it is my intention to further increase my position, subject to the usual close period restrictions going forward."

 

For further information on the Company, visit: www.metaltigerplc.com:

 

 

Metal Tiger Plc


Cameron Parry (CEO)

Tel: +44 (0)207 099 0738

Paul Johnson (Executive Director)

Tel: +44 (0)7766 465 617

Spark Advisory Partners Limited (Nominated Adviser)

Sean Wyndham-Quin

Neil Baldwin

Tel: +44 (0) 2033 683 555

 

SI Capital (Sole Broker)

Nick Emerson

Andy Thacker

Tel: +44 (0) 1483 413 500

 

Notes to Editors:

 

Metal Tiger Plc is a natural resources focused investing company quoted on the London Stock Exchange AIM Market ("AIM") with the trading code MTR and two investment divisions, Direct Equities and Direct Projects. 

 

The Direct Equities division invests in quoted natural resource explorers and developers, with a combination of shares and warrants providing a potential non-debt financing instrument and enhanced return potential.

 

The Direct Projects division invests in operational mineral exploration projects with current investments in Spanish Gold & Tungsten, Thai Gold, Copper & Antimony, and Tanzanian Gold and Uranium.  The Direct Projects investment division also has working collaborations to identify new investment opportunities in Russia (platinum focus) and Turkey (gold focus), in association with experienced in-country partners.

 

Metal Tiger's target is to deliver a 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.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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