Issue of Shares

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	[phone]
Nominated Adviser and Joint Broker
WH Ireland Limited Katy Mitchell Adrian Hadden James Sinclair-Ford	[phone]
Corporate Advisor and Joint Broker Hannam & Partners Andrew Chubb Jay Ashfield Nilesh Patel	[phone]
Joint Broker
NOVUM Securities Limited Jon Belliss	[phone]
Financial PR (United Kingdom)
Tavistock	[phone]
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.

 

END

 

 

DSHFFDFMSFUSEDE