logo-loader
viewAfriTin Mining Ltd

AfriTin Mining Ltd - 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

+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 [email protected] or visit www.rns.com.
 
END
 
 
DSHFFDFMSFUSEDE

Quick facts: AfriTin Mining Ltd

Price: 2.325

Market: AIM
Market Cap: £15.19 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

AfriTin's Uis tin mine in Namibia 'back on track and ramping up again'

Mining Capital's Alastair Ford says mining operations at AfriTin Mining Ltd's (LON:ATM) Uis tin mine have now returned to full scale following the easing of coronavirus (COVID-19) lockdown measures in Namibia. He says the lockdown has resulted in delays to planned throughput increases and...

3 weeks ago