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First Tin PLC announced the admission of 53,000,000 new Ordinary Shares of £0.001 each, priced at 4 pence per share, to the FCA's Official List and the London Stock Exchange's main market for trading on 1 August 2024. Following this admission at 8:00 a.m. on the same date, the Company confirmed its total issued share capital now comprises 318,534,972 ordinary shares of GBP 0.001 each, with an equivalent total of 318,534,972 voting rights.
| Date | 1 Aug 2024 |
| Time | 08:22:44 |
| Category | Capital structure |
| ID | 7660Y |
1 August 2024
First Tin Plc
("First Tin" or "the Company")
Admission of New Ordinary Shares and Total Voting Rights
First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, announces that further to its Placing announcement on 10 July 2024, 53,000,000 Ordinary Shares of £0.001 each in the capital of the Company at a price of 4 pence per Ordinary Share have today been admitted to the standard listing segment of the Official List of the Financial Conduct Authority ("FCA"), and to trading on the main market for listed securities of the London Stock Exchange under the ticker "1SN" ("Admission").
Total Voting Rights
In accordance with the FCA's Disclosure Guidance and Transparency Rules ("DGTRs"), the Company confirms that following Admission at 8.00 a.m. today, it has in issue 318,534,972 ordinary shares of GBP 0.001 each and carrying one voting right each. The Company does not hold any ordinary shares in treasury. Accordingly, the total number of voting rights in the company is 318,534,972 which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the DGTRs.
Enquiries:
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First Tin |
Via SEC Newgate below |
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Bill Scotting - Chief Executive Officer |
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Arlington Group Asset Management Limited (Financial Advisor and Joint Broker and Bookrunner) |
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Simon Catt |
020 7389 5016 |
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Zeus Capital Limited (Joint Broker) |
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Harry Ansell/Dan Bristowe/Katy Mitchell |
020 3829 5000 |
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SEC Newgate (Financial Communications) |
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Elisabeth Cowell / Molly Gretton |
07900 248 213 |
Notes to Editors
First Tin PLC is an ethical, reliable, and sustainable tin production company led by a team of renowned tin specialists. The Company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia, which have been de-risked significantly, with extensive work undertaken to date.
Tin is a critical metal, vital in any plan to decarbonise and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future.
First Tin's goal is to use best-in-class environmental standards to bring two tin mines into production in three years, providing provenance of supply to support the current global clean energy and technological revolutions.