Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
LONDON - First Tin (LON:1SN) PLC, a tin development company with operations in Germany and Australia, disclosed a significant share purchase by its Non-Executive Chairman, Charles Cannon Brookes. On behalf of Arlington Group Asset Management Limited, Mr. Brookes acquired 1.5 million shares at 5.5 pence each on Friday, March 21, 2025.
Following this transaction, Arlington Group Asset Management Limited’s beneficial interest in First Tin has reached 46,686,836 ordinary shares. This represents 10.33% of the company’s issued share capital. Charles Cannon Brookes personally has a 50% interest in Arlington Group Asset Management Limited.
The purchase took place on the London Stock Exchange (LON:LSEG)’s Main Market. The buy-in by the chairman is a notable move, as it reflects a substantial increase in his investment in the company. The price of the transaction was listed at 5.5 pence per share, totaling an investment of £82,500.
The company, which is focused on the development of low capital expenditure tin projects, has not provided further details on the transaction or any specific plans following this increase in shareholding by one of its key figures.
This announcement is part of the regulatory requirements that mandate the disclosure of transactions by persons discharging managerial responsibilities and others closely associated with them. Such disclosures are essential for maintaining transparency in the market and providing investors with information on the actions of significant shareholders.
The information in this article is based on a press release statement from First Tin PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.