27 Mar 2020 07:00
27 March 2020
Metal Tiger plc
("Metal Tiger" or the "Company")
Director Dealing
Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, announces that, on 26 March 2020, the Company’s Chief Executive Officer, Michael McNeilly, purchased, in aggregate, 750,000 ordinary shares of 0.01 pence each in the capital of the Company (“Ordinary Shares”) on market, at an average price of 1.098 pence per share, for a total consideration of £8,235.
Following these purchases, Michael McNeilly is interested in a total of 5,997,733 Ordinary Shares, representing 0.39% of the Company’s issued share capital.
PDMR Notification Form:
The notification below is made in accordance with the requirements of the Market Abuse Regulation:
1. | Details of the person discharging managerial responsibilities / person closely associated | |
a) | Name | Michael McNeilly |
2. | Reason for the Notification | |
a) | Position/status | CEO |
b) | Initial notification/amendment | Initial notification |
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |
a) | Name | Metal Tiger plc |
b) | LEI | 213800K1IN6M1VCVPA93 |
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |
a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 0.01 pence each |
Identification code | GB00BYX5K988 | |
b) | Nature of the Transaction | Purchase |
c) | Price(s) and volume(s) | Price Volume(s) 1.1 pence 600,000 1.09 pence 150,000 |
d) | Aggregated information Aggregated volume Price | 750,000 shares at 1.098 pence per share |
e) | Date of the transaction | 26 March 2020 |
f) | Place of the transaction | AIM (LSE) |
For further information on the Company, visit: www.metaltigerplc.com
Enquiries:
Michael McNeilly Mark Potter | (Chief Executive Officer) (Chief Investment Officer) | Tel: +44 (0)20 7099 0738 |
Richard Tulloch James Dance Jack Botros | Strand Hanson Limited (Nominated Adviser) | Tel +44 (0)20 7409 3494 |
Paul Shackleton Steve Douglas | Arden Partners plc (Broker) | Tel: +44 (0)20 7614 5900 |
Gordon Poole James Crothers Monique Perks | Camarco (Financial PR) | Tel: +44 (0)20 3757 4980 |
Notes to Editors:
Metal Tiger plc is admitted to the AIM market of the London Stock Exchange AIM Market ("AIM") with the trading code MTR and invests in high potential mineral projects with a base, precious and strategic metals focus.
The Company'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. Metal Tiger has two investment divisions: Direct Equities and Direct Projects.
The Direct Equities Division invests in undervalued natural resource companies. The majority of its investments are listed on AIM, the TSX and the ASX, which includes its 3.69% interest in Sandfire Resources NL (ASX: SFR). The Company also considers selective opportunities to invest in private natural resource companies, typically where there is an identifiable path to IPO. Through the trading of equities and warrants, Metal Tiger seeks to generate cash for investment in the Direct Projects Division.
The Direct Projects Division is focused on the development of its key project interests in Botswana, Kalahari copper/silver belt through its interest in Kalahari Metals Limited. In Thailand, Metal Tiger has interests in two potentially near-production stage lead/zinc/silver mines as well as license applications and critical historical data covering antimony, copper, gold, lead, zinc and silver opportunities.
The Company actively assesses new investment opportunities on an on-going basis and has access to a diverse pipeline of new opportunities in the natural resources and mining sectors. For pipeline opportunities deemed sufficiently attractive, Metal Tiger may invest in the project or entity by buying publicly listed shares, by financing privately and/or by entering into a joint venture.
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