Metal Tiger considering move to specialist fund segment
By Josh White
Date: Friday 18 Nov 2022
(Sharecast News) - Natural resources investor Metal Tiger has successfully been entered into the register of small registered UK alternative investment fund managers (AIFMs), it announced on Friday, with effect from 17 November.
The AIM-traded firm said that following the registration, and in light of its "evolving" investment strategy, its board was considering whether a potential move from AIM to the specialist fund segment of the London Stock Exchange would better enable it to meet its investment objectives in the future, in the interests of shareholders.
"In any case, the board intends to retain the admission of the ordinary shares to listing and trading on the ASX," the directors said in their statement.
"Further updates will be provided to shareholders as appropriate in due course."
At 0829 GMT, shares in Metal Tiger were up 0.44% at 13.56p.
Reporting by Josh White for Sharecast.com.
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