ANDRADA MINING LIMITED — Share Issue/Capital Change 2019

Dec 10, 2019

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

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