First Tin PLC, a tin development company, has announced that Mr. Charles Cannon-Brookes, Non-Executive Chairman at the Company, on behalf of Arlington Group Asset Management Limited, has purchased 700,000 shares in First Tin at a price of 5 pence per share. Following this transaction, Arlington Group Asset Management Limited holds a beneficial interest in 33,716,669 Ordinary Shares, representing 10.58 per cent of the Company's issued share capital. Charlie Cannon Brookes has a 50 per cent interest in Arlington Group Asset Management Limited.
The notification and public disclosure of the transaction by Mr. Charles Cannon-Brookes on behalf of Arlington Group Asset Management Limited, as a person discharging managerial responsibilities, was made in accordance with regulatory requirements. The transaction took place on the London Stock Exchange, Main Market, on 9th August 2024.
First Tin PLC is an ethical, reliable, and sustainable tin production company 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. The Company is led by a team of renowned tin specialists and aims to address the rising demand for tin, which is vital in any plan to decarbonize and electrify the world. Europe has very little supply of tin, and rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future.