23 Jul 2018 09:59
Metal Tiger plc
("Metal Tiger" or the "Company")
Options Grant
Metal Tiger is pleased to announce that further to the recommendation of the remuneration committee (comprising Charles Hall, Non-Executive Chairman and Terry Grammer, Non-Executive Director), the Board has approved the following performance share options to existing Directors, and as of today an unallocated pool of options to be allocated to key staff and management.
| Director | Position | Number of Options | Exercise Price | Expiry Date | |||||
| Charles Hall | Non-Executive Chairman | 3,000,000 4,500,000 | 3.5p 4.5p | 20 July 2023 | |||||
| Michael McNeilly | Chief Executive Officer | 10,000,000 15,000,000 | 3.5p 4.5p | 20 July 2023 | |||||
| Mark Potter | Chief Investment Officer | 10,000,000 15,000,000 | 3.5p 4.5p | 20 July 2023 | |||||
| Terry Grammer | Non-Executive Director | 2,000,000 3,000,000 | 3.5p 4.5p | 20 July 2023 | |||||
| Neville Bergin | Non-Executive Director | 2,000,000 3,000,000 | 3.5p 4.5p | 20 July 2023 | |||||
| Unallocated Key Staff and Management Options Pool | 5,000,000 6,000,000 | 3.5p 4.5p | 20 July 2023 | ||||||
The 3.5p options are subject to a 12-month vesting period and the 4.5p options are subject to an 18-month vesting period, the options are exercisable prior to vesting completing whilst the Director, staff or key management remains in the employment of the Company.
Following the issue of the New Options above the total options held by the Board will be as follows:
| Director | Position | Number of Options | Exercise Price | Expiry Date | |||||
| Charles Hall | Non-Executive Chairman | 5,000,000 3,000,000 4,500,000 | 6p 3.5p 4.5p | 11.05.2022 20.07.2023 20.07.2023 | |||||
| Michael McNeilly | Chief Executive Officer* | 2,000,000 7,500,000 10,000,000 10,000,000 15,000,000 | 2p 3p 6p 3.5p 4.5p | 21.06.2019 18.01.2020 11.05.2022 20.07.2023 20.07.2023 | |||||
| Mark Potter | Chief Investment Officer | 1,000,000 4,000,000 10,000,000 15,000,000 | 3p 6p 3.5p 4.5p | 18.01.2020 11.05.2022 20.07.2023 20.07.2023 | |||||
| Keith Springall | Finance Director* | 2,500,000 5,000,000 5,000,000 | 2p 3p 6p | 21.06.2019 18.01.2020 11.05.2022 | |||||
| Terry Grammer | Non-Executive Director | 5,000,000 2,000,000 2,000,000 2,000,000 3,000,000 | 2p 3p 6p 3.5p 4.5p | 31.05.2019 18.01.2020 11.05.2022 20.07.2023 20.07.2023 | |||||
| Neville Bergin | Non-Executive Director | 2,000,000 3,000,000 | 3.5p 4.5p | 20.07.2023 20.07.2023 |
* Options awarded under the Staff and Partner Options award approved by Shareholders at General Meeting (31.05.16)
For further information on the Company, visit: www.metaltigerplc.com:
| Michael McNeilly | Chief Executive Officer (Metal Tiger plc) | Tel: +44 (0)20 7099 0738 | |||||||||
| Mark Potter | Chief Investment Officer (Metal Tiger plc) | Tel: +44 (0)20 7099 0738 | |||||||||
| Stephen AllenBhavesh Patel | RFC Ambrian Ltd(Nominated Adviser) | Tel: +44 (0)20 3440 6800 | |||||||||
| Charlie Cryer | RFC Ambrian Ltd(Joint Broker) | Tel: +44 (0)20 3440 6800 | |||||||||
| Nick Emerson |
| SI Capital(Joint Broker) | Tel: +44 (0)1483 413 500 | ||||||||
| Gordon Poole James Crothers | Camarco(Financial PR) | Tel: +44 (0)20 3757 4980 | |||||||||
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, the Company has tungsten and gold interests in the highly-mineralised Extremadura region. In Thailand, Metal Tiger has interests in two potentially near-production stage silver/lead/zinc mines as well as 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.
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