19
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 5.5 pence per share on
Friday 16 August 2024,
Following this transaction, MetalsX
Limited holds a beneficial interest in 73,500,000 Ordinary Shares
representing 23.07 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:
|
1.
|
Details of the person discharging
managerial responsibilities/person closely associated
|
|
a)
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Name:
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Brett Smith and Peter Gunzburg both
Non-Executive Directors are also directors of Metals X
Limited
|
|
2.
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Reason for the
notification
|
|
a)
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Position/status:
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Non-Executive Director
|
|
b)
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Initial
notification/Amendment:
|
Initial notification
|
|
3.
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Details of the issuer, emission
allowance market participant, auction platform, auctioneer or
auction monitor
|
|
a)
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Name:
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First Tin PLC
|
|
b)
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LEI:
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LEI: 984500CSA7TBE3FB7C63
|
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4.
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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)
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Description of the financial
instrument, type of instrument:
Identification code:
GB00BNR45554
|
Ordinary shares of 0.1 pence
each
|
|
b)
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Nature of the
transaction:
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Purchase of Ordinary
Shares
|
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c)
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Price(s) and volume(s):
|
|
Price(s)
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Volume(s)
|
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GBX 0.055
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1,000,000
|
|
|
|
|
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d)
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Aggregated information:
Aggregated volume:
Price:
|
Single transaction as in 4 c)
above
|
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e)
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Date of the transaction:
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16.08.2024
|
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f)
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Place of the transaction:
|
London Stock Exchange, Main
Market
|
Enquiries:
|
First Tin
|
Via SEC Newgate below
|
|
Bill Scotting - Chief Executive
Officer
|
|
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Arlington Group Asset Management Limited (Financial Advisor
and Joint Broker and Bookrunner)
|
|
|
Simon Catt
|
020 7389 5016
|
|
|
|
|
Zeus Capital Limited (Joint Broker)
|
|
|
Harry Ansell/Dan Bristowe/Katy
Mitchell
|
020 3829 5000
|
|
|
|
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SEC
Newgate (Financial Communications)
|
|
|
Elisabeth Cowell / Molly
Gretton
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07900 248 213
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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.