First Tin PLC, a tin development company, announced that Mr. Charles Cannon-Brookes, Non-Executive Chairman, purchased 10,000,002 shares at 4 pence per share on August 1, 2024. This purchase was made through the Placing announced on July 10, 2024. Following this transaction, Arlington Group Asset Management Limited, represented by Cannon-Brookes, now holds a beneficial interest in 33,016,669 Ordinary Shares, which represents 10.37% of the Company's issued share capital. Cannon-Brookes has a 50% interest in Arlington Group Asset Management Limited.
The notification and public disclosure of the transaction by persons discharging managerial responsibilities and persons closely associated with them were provided. The details of the transaction, including the financial instrument, nature of the transaction, price, volume, date, and place of the transaction, were outlined in the announcement.
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 and shortages of tin, which is expected to lead to sustained deficit markets for the foreseeable future.