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Notice of Interim Results and Capital Reduction

Metal Tiger Plc
26 August 2016

Metal Tiger Plc
("Metal Tiger" or the "Company")

Notice of Interim Results and Capital Reduction

Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce that the interim results for the six months ended 30 June 2016 will be announced on Friday 30 September 2016.

In addition alongside the results the Company will post details of a General Meeting of Shareholders to be held in October 2016 to approve a Capital Reduction the purpose of which is to allow the Company to pay dividends and make other distributions to shareholders, in line with the Company’s stated objective to return value to shareholders.

Paul Johnson, Chief Executive Officer of Metal Tiger commented:

“A key corporate objective for Metal Tiger is to pay dividends and/or distribute portfolio interests to shareholders.

In order to allow the Company to undertake this expeditiously we intend to apply to the High Court to secure the cancellation of existing deferred shares and the share premium account.

This is a relatively straightforward process to follow and, if successful, will put the company in a position to be able to make dividend payments and distribute other interests to shareholders.

As the investments of the Company mature and increase in value and as we move into a phase where value may be crystallised within the portfolio, we are keen to be in the position to distribute should the company wish to do so.

We will provide regular updates as we move through the process.”

Capital Reduction

The intention of the Company is to apply to the High Court to obtain approval to implement a reduction in the share capital of the company by cancelling the existing deferred shares and reducing or cancelling the share premium account.

Following and subject to shareholder and High Court approval, and compliance with the court order the company will be in a position to pay dividends or make distributions to shareholders.

A notice of General Meeting which is the first part of the above process will be forwarded to shareholders at the same time that the interim results are published.

The Capital Reduction process is a standard and largely administrative process. It will not change the number of ordinary shares in issue or the current nominal value of the Company’s ordinary shares. The process merely permits a Company carrying historical retained losses to distribute cash or other interests to shareholders following completion of the process. This could not be done otherwise because Company law prohibits distribution when the Company’s accounts show historical retained losses.

Distribution Policy

Subject to the approval of shareholders and the High Court of the Capital Reduction, the Company may wish to distribute cash or other interests to shareholders. This may occur in various circumstances and could include where the Company disposes of an interest for cash or equity and wishes to return some or all of the value generated to shareholders. Such distributions may also require further shareholder approval under market rules.

To be clear any such distributions would only be made by reference to shareholders on the register at a specified record time and date. Holders of warrants and options who have not exercised the same at the specified time and date would not be entitled to participate in a distribution.

The Company reserves the right to announce distributions without notice and it is the Company’s intention that, subject to relevant laws and regulations any distribution announcement will incorporate a contemporaneous record date.

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

Spark Advisory Partners Limited

Tel: +44 (0) 2033 683 555

Neil Baldwin

(Nominated Adviser)


Nick Emerson

SI Capital

Tel: +44 (0) 1483 413 500

Andy Thacker

(Sole Broker)


Additional Information:

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 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.

Copyright Business Wire 2016