Director/PDMR Shareholding

First Tin PLC

03 May 2024

 

3 May 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 Mr. Mr Charles Cannon-Brookes, Non-Executive Chairman at the Company, on behalf of Arlington Group Asset Management Limited, has purchased 1,450,000 shares in First Tin at a price of GBP 6.75 pence per share on Thursday 2 May 2024.

Following this transaction, Arlington Group Asset Management Limited holds a beneficial interest in 23,016,667 Ordinary Shares representing 8.67 per cent of the Company's issued share capital.

Charlie Cannon Brookes has a 50 per cent interest in Arlington Group Asset Management Limited.

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:	Charles Cannon Brookes on behalf of Arlington Group Asset Management Limited
2.	Reason for the notification
a)	Position/status:	Non-Executive Chairman
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: Identification code:  GB00BNR45554	Ordinary shares of 0.1 pence each
b)	Nature of the transaction:	Purchase of Ordinary Shares
c)	Price(s) and volume(s):	Price(s) Volume(s) GBP 6.75 pence 1,450,000
d)	Aggregated information: Aggregated volume: Price:	Single transaction as in 4 c) above Price(s) Volume(s)
e)	Date of the transaction:	02.05.2024
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	[e-mail]

Notes to Editors

First Tin 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.

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. Its assets have been de-risked significantly, with extensive work undertaken to date.

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.

 

END