Exercise of Metal Tiger 1.5p options by Chairman

RNS Number : 5391R
Metal Tiger PLC
09 March 2016
 

Metal Tiger Plc

09 March 2016

Metal Tiger Plc

("Metal Tiger" or the "Company")

 

 

EXERCISE OF METAL TIGER 1.5p OPTIONS BY CHAIRMAN

 

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource projects, is pleased to announce that the Company's Chairman Terry Grammer has exercised 3,335,000 1.5p options over Metal Tiger ordinary shares at a total exercise cost of £50,025.

 

The exercise price represents a premium of 33.33% to the closing share price of Metal Tiger plc on 8th March 2016.

 

The options were originally granted to Mr Grammer on 15 December 2014 at an exercise price of 1.5p per ordinary share and with a three year maximum exercise period.

 

Following this transaction, Terry Grammer will hold 33,335,000 shares representing 7.47% of the Company's issued share capital.

 

Listed below is a summary of the director transactions undertaken in Metal Tiger plc to date and the current shareholdings of all board members.

Director Transactions in Metal Tiger plc July 2014 to March 2016:

Date

Director

Trade Type

Description

No. Shares

Price Paid (p)

Amount (£)








09.03.16

07.03.16

04.03.16

Terry Grammer Paul Johnson

Paul Johnson

Buy

Spouse-Buy

Buy

Option Exercise

On Market

On Market

3,335,000

500,000

705,000

1.50

1.25

1.17

50,025

6,250

8,250

16.12.15

Paul Johnson

Buy

On Market

500,000

0.83

4,150

14.12.15

Terry Grammer

Buy

Placing

30,000,000

0.80

240,000

10.07.15

Cameron Parry

Buy

Option Exercise

2,500,000

1.00

25,000

10.07.15

Paul Johnson

Buy

Option Exercise

1,670,000

1.00

16,700

10.07.15

Alex Borrelli

Buy

Option Exercise

500,000

1.00

5,000

06.07.15

Paul Johnson

Buy

On Market

1,500,000

0.97

14,500

29.12.14

Paul Johnson

Buy

On Market

250,000

0.98

2,440

15.12.14

Paul Johnson

Buy

On Market

375,000

0.85

3,188

18.07.14

Paul Johnson

Buy

Off Market

3,500,000

0.50

17,500

18.07.14

Alex Borrelli

Buy

Off Market

2,500,000

0.50

12,500








Total




47,835,000


405,503

 

(Note: the price paid in the table above and the % of issued share capital in the table below have been rounded to two decimal places)

Director Shareholdings in Metal Tiger plc at 9th March 2016 (including this option exercise):

 







Amount





% of Issued


Invested

Director


Shares Held


Share Capital


Since July 2014








Terry Grammer (Chairman)

33,335,000


7.47%


£290,025








Paul Johnson (CEO)

9,000,000


2.02%


£72,978








Cameron Parry (NED)

2,500,000


0.56%


£25,000








Alex Borrelli (NED)

5,400,000


1.21%


£17,500

 

 

Director Option Exercise

 

Metal Tiger is issuing Terry Grammer with 3,335,000 Metal Tiger new ordinary shares at price per share of 1.50p (the "Option Exercise Shares") and for cash consideration to Metal Tiger of £50,025.

 

The Option Exercise Shares are expected to be admitted to trading on or around 18h March 2016.  Following the issue of the Option Exercise Shares, the number of ordinary shares in issue in the Company will increase to 446,134,795.  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 446,134,795 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.

 

 

 

 

 

 

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

 

Paul Johnson (Chief Executive Officer)


Tel: +44 (0)7766 465 617

Terry Grammer (Non- Executive Chairman)


Tel: +44 (0)207 099 0738

Sean Wyndham-Quin

Neil Baldwin

Nick Emerson

Andy Thacker

Spark Advisory Partners Limited

(Nominated Adviser)

SI Capital

(Sole Broker)

 

Tel: +44 (0) 2033 683 555

www.sparkadvisorypartners.com

Tel: +44 (0) 1483 413 500

 

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 may be undertaken by Metal Tiger or by an ISDX or AIM partner with whom the Company is engaged. 

 

Metal Tiger also has an Asset Trading Division that holds various financial instruments for trading purposes including equities, warrants and royalty income.  The aim of the division is to generate profits to reinvest into the Company's project based activities.

                                                                                                                     

 


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