REG - AfriTin Mining Ltd - Issue of Shares

Andrada MiningAnnouncement

10/12/2019 16:40

RNS Number : 4181W
AfriTin Mining Ltd
10 December 2019
 


10 December 2019
AfriTin Mining Limited
("AfriTin" or the "Company")
Issue of Shares
The AfriTin Board has approved the issue of 8,944,774 Ordinary shares of no-par value (the "New Ordinary Shares") to various directors, employees and suppliers as detailed below.
The New Ordinary Shares are being issued at a price of 3.05p, being the closing market price on 9 December 2019.
The New Ordinary Shares are being issued in lieu of payment of director fees (for the period 9 November 2018 through to 8 November 2019) for Glen Parsons, Roger Williams and Laurence Robb; in lieu of full, or part settlement of salaries (for the period 1 October 2018 through to September 2018) for Anthony Viljoen, a director of the Company, Robert Sewell and  Frans van Daalen; and the issue of £10k worth of shares to Hannam and Partners, in accordance with the terms of the broker engagement letter with the Company.  



Name


No of New Ordinary Shares issued


Total no of ordinary shares held after issue of New Ordinary Shares




Glen Parsons - Chairman


1,311,475


2,707,486




Roger Williams - Non-Executive Director


819,672


2,201,437




Laurence Robb - Non-Executive Director


426,229


820,815




Anthony Viljoen - Director


766,177


5,541,970




Robert Sewell


2,017,687


3,305,074




Frans van Daalen


605,694


2,805,694


















Hannam & Partners - Broker


327,868


1,919,172



A further 2,669,972 New Ordinary Shares were issued to certain other employees in lieu of salary.
Application has been made to admit the New Ordinary Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 17 December 2019.
Following the issue of the shares, the total number of shares in issue will be 653,146,373 Ordinary Shares of no par value.  There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, AfriTin under the Disclosure and Transparency Rules.
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


Glen Parsons




2


Reason for the notification




a)


Position/status


Chairman




b)


Initial notification/ Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


AfriTin Mining plc




b)


LEI


·      213800FKOXWBL6JBVH90
 




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 of instrument
 
Identification code


Ordinary share
 
 
GG00BD95V148




b)


Nature of the transaction


Issue of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




3.05p


1,311,475








d)


Aggregated information
-    Aggregated volume
-     Price


 
1,311,475
3.05p




e)


Date of the transaction


10 December 2019




f)


Place of the transaction


XLON, AIM




























 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Roger Williams




2


Reason for the notification




a)


Position/status


Non-Executive Director




b)


Initial notification/ Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


AfriTin Mining plc




b)


LEI


·      213800FKOXWBL6JBVH90
 




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 of instrument
 
Identification code


Ordinary share
 
 
GG00BD95V148




b)


Nature of the transaction


Issue of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




3.05p


819,672








d)


Aggregated information
-    Aggregated volume
-     Price


 
819,672
3.05p




e)


Date of the transaction


10 December 2019




f)


Place of the transaction


XLON, AIM





























 

 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Laurence Robb




2


Reason for the notification




a)


Position/status


Non-Executive Director




b)


Initial notification/ Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


AfriTin Mining plc




b)


LEI


·      213800FKOXWBL6JBVH90
 




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 of instrument
 
Identification code


Ordinary share
 
 
GG00BD95V148




b)


Nature of the transaction


Issue of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




3.05p


426,229








d)


Aggregated information
-    Aggregated volume
-     Price


 
426,229
3.05p




e)


Date of the transaction


10 December 2019




f)


Place of the transaction


XLON, AIM





























 

 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Anthony Viljoen




2


Reason for the notification




a)


Position/status


Chief Executive Officer




b)


Initial notification/ Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


AfriTin Mining plc




b)


LEI


·      213800FKOXWBL6JBVH90
 




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 of instrument
 
Identification code


Ordinary share
 
 
GG00BD95V148




b)


Nature of the transaction


Issue of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




3.05p


766,177








d)


Aggregated information
-    Aggregated volume
-     Price


 
766,177
3.05p




e)


Date of the transaction


10 December 2019




f)


Place of the transaction


XLON, AIM





























 

 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Robert Sewell




2


Reason for the notification




a)


Position/status


Chief Financial Officer




b)


Initial notification/ Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


AfriTin Mining plc




b)


LEI


·      213800FKOXWBL6JBVH90
 




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 of instrument
 
Identification code


Ordinary share
 
 
GG00BD95V148




b)


Nature of the transaction


Issue of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




3.05p


2,017,687








d)


Aggregated information
-    Aggregated volume
-     Price


 
2,017,687
3.05p




e)


Date of the transaction


10 December 2019




f)


Place of the transaction


XLON, AIM





























 

 



1


Details of the person discharging managerial responsibilities/person closely associated




a)


Name


Frans van Daalen




2


Reason for the notification




a)


Position/status


Chief Operating Officer




b)


Initial notification/ Amendment


Initial notification




3


Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor




a)


Name


AfriTin Mining plc




b)


LEI


·      213800FKOXWBL6JBVH90
 




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 of instrument
 
Identification code


Ordinary share
 
 
GG00BD95V148




b)


Nature of the transaction


Issue of shares




c)


Price(s) and volume(s)





Price(s)


Volume(s)




3.05p


605,694








d)


Aggregated information
-    Aggregated volume
-     Price


 
605,694
3.05p




e)


Date of the transaction


10 December 2019




f)


Place of the transaction


XLON, AIM





























 
 
 

 
 
 
For further information, please visit www.afritinmining.com or contact:



AfriTin Limited








Anthony Viljoen, CEO


+27 (11) 268 6555




Nominated Adviser and Joint Broker








WH Ireland Limited
Katy Mitchell
Adrian Hadden
James Sinclair-Ford


+44 (0) 207 220 1666 




Corporate Advisor and Joint Broker
Hannam & Partners
Andrew Chubb
Jay Ashfield
Nilesh Patel


+44 (0) 20 7907 8500




Joint Broker








NOVUM Securities Limited
Jon Belliss


+44 (0)20 7399 9400




Financial PR (United Kingdom)








Tavistock


+44 (0) 207 920 3150




Jos Simson
Barney Hayward







 

 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining is the first pure tin company listed in London and its vision is to create a portfolio of globally significant, conflict-free, tin producing assets. The Company's flagship asset is the Uis brownfield tin mine in Namibia, formerly the world's largest hard-rock tin mine.
AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast track Uis brownfield tin mine in Namibia to commercial production in 2019 as Phase 1, ramping up to 5,000 tonnes of concentrate in a Phase 2 expansion, followed by consolidation of other quality African tin assets. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.
 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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