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Metal Tiger (LON:MTR)

Metal Tiger (LON:MTR)


Share Price
2.12 p
Change
-0.0002 (-0.01 %)
Market Cap
£28.68 m
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Metal Tiger RNS Release

Options Grant


Options Grant

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 Allen
Bhavesh 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.

Metal Tiger plc

Metal Tiger Timeline

Newswire
October 01 2018
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