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LONDON - First Tin (LON:1SN) PLC, a tin development company, reported that its CEO, William (Bill) Scotting, acquired 416,667 of the company’s shares at a price of 5.6 pence each last Friday. The transaction took place on the London Stock Exchange (LON:LSEG)’s Main Market.
With this purchase, Mr. Scotting’s total holding in First Tin amounts to 2,250,000 Ordinary Shares, which represents 0.50% of the company’s issued share capital. This move by the CEO is an initial notification and has been publicly disclosed in compliance with the market regulations regarding transactions by persons discharging managerial responsibilities.
First Tin is known for its tin development projects located in Germany and Australia, which are recognized for their advanced status and low capital expenditure requirements. The company’s shares are identified on the London Stock Exchange with the code GB00BNR45554.
The acquisition of shares by a CEO often garners interest from the investment community as it can be perceived as a sign of confidence in the company’s prospects. However, it is important to note that such transactions do not necessarily predict future performance and should not be seen as an endorsement of the company’s value or potential.
This report is based on a press release statement from First Tin PLC.
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