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LONDON - First Tin (LON:1SN) PLC, a tin development company with projects in Germany and Australia, disclosed that Charles Cannon Brookes, its Non-Executive Chairman, has increased his stake in the company. On behalf of Arlington Group Asset Management Limited, Mr. Brookes purchased 1,000,000 shares at 5 pence each on Monday.
The transaction, conducted on the London Stock Exchange (LON:LSEG)'s Main Market, brings Arlington Group Asset Management Limited's total holdings to 47,686,836 Ordinary Shares. This represents a 10.55% interest in First Tin's issued share capital. Notably, Charles Cannon Brookes is reported to have a 50% interest in Arlington Group Asset Management Limited.
This purchase is an initial notification and has been made public in accordance with regulatory requirements that govern the disclosure of transactions by individuals in managerial positions and their closely associated persons.
The shares acquired are identified by the code GB00BNR45554 and are classified as Ordinary shares of 0.1 pence each. The disclosure of this share dealing provides investors and the market with transparency regarding the financial interests of the company's management.
First Tin PLC is focused on developing its tin resources with an emphasis on low capital expenditure projects. The company's activities and the interests of its directors are routinely monitored and disclosed to ensure compliance with market regulations and to maintain investor confidence.
The information regarding this transaction is based on a press release statement from First Tin PLC.
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