4 Mar 2016 15:31
Metal Tiger Plc
04 March 2016
Metal Tiger Plc
("Metal Tiger" or the "Company")
Director, Staff & Partner Option Award
Metal Tiger plc (LON:MTR) the London Stock Exchange AIM listed investor in strategic natural resource opportunities is pleased to announce an award of options to directors and key members of the Metal Tiger team.
The options outlined below will be issued subject to shareholder approval at the Company's upcoming AGM which is expected to take place during June 2016 in London.
The Board of Metal Tiger has today approved the issue of 25 million options as allocated below with a maximum 3 year exercise period and an exercise price of 2 pence per new ordinary share in Metal Tiger plc, a premium of approximately 70% to the share price of the Company when the award was approved by the board.
Director Option Award:
10 million options are to be awarded to Directors as follows:
Terry Grammer (Non-Executive Chairman) - 5 million options
Cameron Parry (Non-Executive Director) - 3 million options
Alex Borrelli (Non-Executive Director) - 2 million options
Staff and Partner Option Award:
In addition, 15 million options are to be allocated to key members of the Metal Tiger team including those assisting the company with plc management responsibilities and/or the development of our investing interests overseas.
Staff and Partner options will be subject to the same terms as the director options above, but will not be exercisable for a period of one year from the date of award and require the option holder to remain engaged with Metal Tiger throughout the one year period.
Paul Johnson Chief Executive Officer of Metal Tiger said "the approach we are taking is to ensure all directors, staff and working partners have a strong alignment of interests with those of shareholders.
The issue of director options is part of this process, and today we have brought into the options pool the key staff and partners whose commitment and engagement is a significant factor in our forward success.
We are putting this option award to the vote at the AGM in June 2016, giving shareholders the opportunity to vote on this proposal.
As a company Metal Tiger is making great strides forward and we look forward to updating the market in due course with regard to various aspects of our business development."
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, Thailand and Tanzania. 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 interests in 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.