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Metals X Limited, a person closely associated with First Tin PLC Non-Executive Directors Brett Smith and Peter Gunzburg, purchased 1,000,000 shares in First Tin PLC. This transaction occurred on 12 August 2024 at a price of 5 pence per share. Following the purchase, Metals X Limited holds 72,500,000 Ordinary Shares, representing 22.76 per cent of the Company's issued share capital.
| Date | 13 Aug 2024 |
| Time | 13:25:49 |
| Category | Director/PDMR dealings |
| ID | 3017A |
13 August 2024
First Tin Plc
("First Tin" or "the Company")
Director/PDMR dealing
First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, announces that it has been notified that Metals X Limited, a person closely associated with Brett Smith and Peter Gunzburg, who are both Non-Executive Directors at the Company, has purchased 1,000,000 shares in First Tin at a price of 5 pence per share on Monday 12 August 2024,
Following this transaction, MetalsX Limited holds a beneficial interest in 72,500,000 Ordinary Shares representing 22.76 per cent of the Company's issued share capital.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
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1. |
Details of the person discharging managerial responsibilities/person closely associated |
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a) |
Name: |
Brett Smith and Peter Gunzburg both Non-Executive Directors are also directors of Metals X Limited |
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2. |
Reason for the notification |
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a) |
Position/status: |
Non-Executive Director |
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b) |
Initial notification/Amendment: |
Initial notification |
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3. |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name: |
First Tin PLC |
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b) |
LEI: |
LEI: 984500CSA7TBE3FB7C63 |
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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 |
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a) |
Description of the financial instrument, type of instrument: Identification code: GB00BNR45554
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Ordinary shares of 0.1 pence each
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b) |
Nature of the transaction: |
Purchase of Ordinary Shares |
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c) |
Price(s) and volume(s): |
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d) |
Aggregated information: Aggregated volume: Price: |
Single transaction as in 4 c) above
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e) |
Date of the transaction: |
12.08.2024 |
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f) |
Place of the transaction: |
London Stock Exchange, Main Market |
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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.