First Tin PLC Director/PDMR dealing (7825I)
06 December 2022 - 11:15PM
UK Regulatory
TIDM1SN
RNS Number : 7825I
First Tin PLC
06 December 2022
06 December 2022
First Tin Plc
("First Tin" or "the Company")
Director/PDMR dealing
First Tin Plc ("First Tin"), a tin development company with
advanced, low capex projects in Germany and Australia, announces
that it has been notified that has been notified that Mr Charles
Cannon-Brookes, Non-Executive Chairman at the Company, has
purchased, on behalf of Arlington Partners Fund, 1,566,667 shares
in First Tin at a price of GBP 0.0890361 pence per share on Monday
5 December 2022.
Following this transaction, Arlington Partners Fund holds a
beneficial interest in 21,566,667 Ordinary Shares representing 8.12
per cent of the Company's issued share capital.
Arlington Partners Fund is owned by Arlington Group Asset
Management Limited, in which Charlie Cannon Brookes, First Tin's
Non-Executive Chairman, has a 50 per cent interest.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS
DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY
ASSOCIATED WITH THEM:
1. Details of the person discharging managerial responsibilities/person closely associated
------------------------------------------------------------------------------------------------------------------
a) Name: Charles Cannon-Brookes on behalf of Arlington Partners Fund
---------------------------------------------- ------------------------------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------------------------------------
a) Position/status: Non-Executive Chairman
---------------------------------------------- ------------------------------------------------------------------
b) Initial notification/Amendment: Initial notification
------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------------------------------------------------------
a) Name: First Tin PLC
---------------------------------------------- ------------------------------------------------------------------
b) LEI: LEI: 984500CSA7TBE3FB7C63
------------------------------------------------------------------
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
------------------------------------------------------------------------------------------------------------------
a) Description of the financial instrument, type Ordinary shares of 0.1 pence each
of instrument:
Identification code: GB00BNR45554
---------------------------------------------- ------------------------------------------------------------------
b) Nature of the transaction: Purchase of Ordinary Shares
---------------------------------------------- ------------------------------------------------------------------
c) Price(s) and volume(s): Price(s) Volume(s)
GBP 0.0890361 pence 1,566,667
------------------------------------------------------------------
d) Aggregated information: Single transaction as in 4 c) abovePrice(s) Volume(s)
Aggregated volume: GBP 0.0890361 pence 1,566,667
Price:
------------------------------------------------------------------
e) Date of the transaction: 05.12.22
---------------------------------------------- ------------------------------------------------------------------
f) Place of the transaction: London Stock Exchange, Main Market
Enquiries:
First Tin Via SEC Newgate
below
Thomas Bunger - Chief Executive
Officer
Arlington Group Asset Management
Limited (Financial Advisor and
Joint Broker)
Simon Catt 020 7389 5016
WH Ireland Limited (Joint Broker)
Harry Ansell 020 7220 1670
SEC Newgate (Financial PR)
Elisabeth Cowell / Axaule Shukanayeva
/
Molly Gretton 07900 248 213
Notes to Editors
First Tin 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.
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.
Its assets have been de-risked significantly, with extensive work
undertaken to date.
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.
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END
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