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Metal Tiger to buy back up to 10% of its shares

The buyback will provide more liquidity in the company’s shares, giving shareholders who do not wish to remain invested a chance to close their positions

Metal Tiger PLC -

Metal Tiger PLC (LON:MTR), the investor in strategic natural resource opportunities, has announced a share buy-back programme.

The company intends to buy back up to 155.9mln shares, equivalent to 10% of the current issued share capital of the company.

The board believes the share repurchase programme will reduce the discount between the Metal Tiger share price and the net asset value of the shares.

WATCH: Metal Tiger's McNeilly details new funding arrangement and share buyback plans


 

Quick facts: Metal Tiger PLC

Price: 1.5502 GBX

AIM:MTR
Market: AIM
Market Cap: £23.6 m
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Metal Tiger's McNeilly details new funding arrangement and share buyback plans

Metal Tiger's (LON:MTR) Michael McNeilly discusses with Proactive London's Andrew Scott the plans around its share buyback programme.  MTR intends to buy back up to 155.9mln shares - equivalent to 10% of the current issued share capital of the company. McNeilly also talks through its...

on 19/12/19

2 min read