TIDMMTR
Metal Tiger Plc
11 May 2017
Metal Tiger Plc
("Metal Tiger" or the "Company")
Options Grant and Issue of Equity
Metal Tiger (LON: MTR), is pleased to announce that further to
the recommendation of the remuneration committee (comprising
Charles Hall, Non-Executive Chairman and Mark Potter, Non-Executive
Director), the Board has approved the following performance share
options ("New Options") to existing Directors and an as of today
unallocated pool of options to be allocated to key staff and
management (the "Unallocated Key Staff and Management Options
Pool").
All New Options will vest immediately but only be exercisable
whilst the director or staff or key management remains in the
employments of the Company or any time after 12 month's service
from today's date.
The New Options are to be awarded as follows:
Director Position Number of Exercise Price Expiry Date
Options
Charles Hall Non-Executive 5,000,000 6p 11.05.2022
Chairman
Michael Chief 10,000,000 6p 11.05.2022
McNeilly Executive
Officer
Keith Finance 5,000,000 6p 11.05.2022
Springall Director
Alastair Technical 5,000,000 6p 11.05.2022
Middleton Director
Geoff Non-Executive 2,000,000 6p 11.05.2022
McIntyre Director
Terry Grammer Non-Executive 2,000,000 6p 11.05.2022
Director
Mark Potter Non-Executive 4,000,000 6p 11.05.2022
Director
Unallocated Key Staff and Management Options Pool: 12,000,000
New Options
Following the issue of the New Options above the total options
held by the Board will be as follows:
Director Position Number of Exercise Price Expiry Date
Options
Charles Hall Non-Executive 3,000,000 3p 18.01.2020
Chairman 5,000,000 6p 11.05.2022
Michael Chief 2,000,000 2p 21.06.2019
McNeilly Executive 7,500,000 3p 18.01.2020
Officer* 10,000,000 6p 11.05.2022
Keith Finance 2,500,000 2p 21.06.2019
Springall Director* 5,000,000 3p 18.01.2020
5,000,000 6p 11.05.2022
Alastair Technical 500,000 2p 21.06.2019
Middleton Director 4,500,000 3p 18.01.2020
5,000,000 6p 11.05.2022
Geoff Non-Executive 1,750,000 2p 21.06.2019
McIntyre Director 3,000,000 3p 18.01.2020
2,000,000 6p 11.05.2022
Terry Grammer Non-Executive 3,335,000 1.5p 15.12.2017
Director 3,330,000 2p 02.07.2018
5,000,000 2p 31.05.2019
2,000,000 3p 18.01.2020
2,000,000 6p 11.05.2022
Mark Potter Non-Executive 1,000,000 3p 18.01.2020
Director 4,000,000 6p 11.05.2022
* Options awarded under the Staff and Partner Options award
approved by Shareholders at General Meeting (31.05.16)
Issue of Shares to Director
Under the terms of Alastair Middleton's service agreement, he is
entitled to a bonus of GBP12,000 to be taken in new ordinary shares
in Metal Tiger plc. The Board and Alastair Middleton have mutually
agreed to issue these bonus shares at 3p per share and therefore
the Company is issuing 400,000 new ordinary shares in the Company
to Alastair Middleton (the "Bonus Shares").
The Bonus Shares are expected to be admitted to trading on or
around 17 May 2017. Following the issue of the 400,000 Bonus
Shares, the number of ordinary shares in issue in the Company will
increase to 955,941,843 ordinary shares with one voting right each.
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 955,941,843
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:
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.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20170511005541/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
May 11, 2017 05:55 ET (09:55 GMT)
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