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LONDON - First Tin (LON:1SN) PLC, a tin development company operating in Germany and Australia, disclosed that its Non-Executive Chairman, Mr. Charles Cannon Brookes, has increased his stake in the company through a significant share purchase. On behalf of Arlington Group Asset Management Limited, Mr. Cannon Brookes acquired 965,000 shares of First Tin at 5.0 pence each on Tuesday.
This transaction has raised Arlington Group Asset Management Limited’s interest in First Tin to 48,651,836 Ordinary Shares, which now constitutes 10.77% of the company’s issued share capital. Notably, Mr. Cannon Brookes personally holds a 50% interest in Arlington Group Asset Management Limited.
The purchase took place on the London Stock Exchange (LON:LSEG)’s Main Market, under the ticker symbol GB00BNR45554 for ordinary shares of 0.1 pence each. The deal was reported as an initial notification, in line with the regulatory requirements for transactions by persons discharging managerial responsibilities.
The disclosure of this share acquisition is part of the company’s commitment to transparency regarding the dealings of its directors and senior management. The information provided is based on a press release statement from First Tin PLC.
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