Hill Dickinson has advised Arlington Group Asset Management Limited (as financial adviser and joint broker) and WH Ireland Limited (as joint broker) in connection with the admission of First Tin Plc (LSE: 1SN), a tin development company with advanced, low capex projects in Germany and Australia, on the Main Market of the London Stock Exchange.
The Admission follows a subscription, institutional placing and retail offer via PrimaryBid, which raised in aggregate £20 million (before expenses) at a placing price of 30 pence per share. The funds raised for the company will be used to rapidly develop two tin projects in Germany and Australia before the end of 2025, so that it can provide provenance of supply to support the current global clean energy and technological revolutions.
We are very pleased with the level of interest generated from new investors in support of our IPO. This is an exciting milestone for the company and we welcome our new and supportive shareholders alongside us in our growth journey. First Tin is deeply committed to our mission of supplying a sustainable answer to the global supply shortage that many industrial users of tin are currently facing and we very much look forward to accelerating this process with the benefit of our Admission to the Main Market. We are now well placed to create near term value for our investors through low capex development work to advance two assets towards production in the next three years.Thomas Buenger
Chief Executive Officer, First Tin Plc
The Hill Dickinson team was led by Jaspal Sekhon (Partner) and Jack Delaney (Legal Director) with the support of Danielle Higgins (Associate) and Mariam El Mir (Paralegal).