REG - First Tin PLC - Director/PDMR Shareholding

First TinAnnouncement

15/07/2024 11:30

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RNS Number : 4227W  First Tin PLC  15 July 2024

15 July 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 Clara
Resources Limited, a person closely associated with Nicholas Mather no longer
has a stake in the Company pursuant to the sale of 60,000,000 Ordinary Shares
in the Company ("Ordinary Shares") at a price of GBX 4 pence per share on 10
July 2024. The trade occurred while Mr. Mather still held the position of
Non-Executive Director at First Tin PLC as the representative of Clara
Resources Limited ("Clara") of which he is also a Director.

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:                                                         Clara Resources Limited
 2.    Reason for the notification
 a)    Position/status:                                              Nicholas Mather a Non-Executive Director (as at the dealing date) is also a
                                                                     director of Clara Resources Limited
 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 of instrument:  Ordinary shares of 0.1 pence each

       Identification code:  GB00BNR45554

 b)    Nature of the transaction:                                    Sale of Ordinary Shares
 c)    Price(s) and volume(s):

Price(s)  Volume(s)
                                                                     GBX 4.00  60,000,000
 d)    Aggregated information:                                       Single transaction as in 4 c) above

Price(s)  Volume(s)
       Aggregated volume:                                            GBX 4.00  60,000,000

       Price:
 e)    Date of the transaction:                                      10.07.2024
 f)    Place of the transaction:                                     London Stock Exchange, Main Market

d)

Aggregated information:

Aggregated volume:

Price:

Single transaction as in 4 c) above

 Price(s)  Volume(s)
 GBX 4.00  60,000,000

e)

Date of the transaction:

10.07.2024

f)

Place of the transaction:

London Stock Exchange, Main Market

 

Enquiries:

 

 First Tin
 William (Bill) Scotting - Chief Executive Officer                              Via SEC Newgate below
 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 Communications)
 Elisabeth Cowell / Molly Gretton                                               FirstTin@secnewgate.co.uk

 

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.

 

 

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