TIDMMTR
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 Non-Executive Chairman 3,000,000 3.5p 20 July 2023
Hall 4,500,000 4.5p
Michael Chief Executive Officer 10,000,000 3.5p 20 July 2023
McNeilly 15,000,000 4.5p
Mark Potter Chief Investment Officer 10,000,000 3.5p 20 July 2023
15,000,000 4.5p
Terry Non-Executive Director 2,000,000 3.5p 20 July 2023
Grammer 3,000,000 4.5p
Neville Non-Executive Director 2,000,000 3.5p 20 July 2023
Bergin 3,000,000 4.5p
Unallocated Key Staff and 5,000,000 3.5p 20 July 2023
Management Options Pool 6,000,000 4.5p
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 Exercise Price Expiry Date
Options
Charles Hall Non-Executive 5,000,000 6p 11.05.2022
Chairman 3,000,000 3.5p 20.07.2023
4,500,000 4.5p 20.07.2023
Michael McNeilly Chief 2,000,000 2p 21.06.2019
Executive 7,500,000 3p 18.01.2020
Officer* 10,000,000 6p 11.05.2022
10,000,000 3.5p 20.07.2023
15,000,000 4.5p 20.07.2023
Mark Potter Chief 1,000,000 3p 18.01.2020
Investment 4,000,000 6p 11.05.2022
Officer 10,000,000 3.5p 20.07.2023
15,000,000 4.5p 20.07.2023
Keith Springall Finance 2,500,000 2p 21.06.2019
Director* 5,000,000 3p 18.01.2020
5,000,000 6p 11.05.2022
Terry Grammer Non-Executive 5,000,000 2p 31.05.2019
Director 2,000,000 3p 18.01.2020
2,000,000 6p 11.05.2022
2,000,000 3.5p 20.07.2023
3,000,000 4.5p 20.07.2023
Neville Bergin Non-Executive 2,000,000 3.5p 20.07.2023
Director 3,000,000 4.5p 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 Tel: +44 (0)20 7099 0738
(Metal Tiger plc)
Mark Potter Chief Investment Officer Tel: +44 (0)20 7099 0738
(Metal Tiger plc)
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 Camarco(Financial PR) Tel: +44 (0)20 3757 4980
James Crothers
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20180723005252/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
July 23, 2018 04:59 ET (08:59 GMT)
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