TIDMMTL
RNS Number : 2063D
Metals Exploration PLC
19 June 2023
19 June 2023
METALS EXPLORATION PLC
Result of AGM
Management Incentive Plan Share Awards and TVR
Metals Exploration plc (AIM: MTL) (" Metals Exploration " or the
" Company ") , a gold producer in the Philippines, announces that
at the Annual General Meeting of the Company held earlier today
(the "AGM"), all resolutions put to shareholders were duly passed
on a poll.
The votes cast on each resolution are shown in Appendix I of
this announcement and the full text of the resolutions can be found
in the Notice of the General Meeting contained in the Circular to
shareholders on the Company's website at
https://www.metalsexploration.com/ investors.
Issue of Incentive Shares under the Management Incentive
Plan
Further to the passing of Resolutions 7 and 8 at the AGM, the
Company has issued a total of 7,147,850 new Ordinary Shares (the
"Incentive Shares") to members of the senior management team, in
accordance with the 2022 Management Incentive Plan, as set out in
the Circular. Details of the awards to PDMRs are set out below,
with further information being contained in Appendix II:
PDMR Number of new Ordinary Number of Ordinary % of issued
Shares issued under Shares held post-award share capital
MIP
Mike Langoulant,
CFO 2,697,296 6,259,284 0.29
----------------------- ------------------------ ---------------
The 6,252,836 new Ordinary Shares proposed to be issued to
Darren Bowden under the 2022 Management Incentive Plan, as set out
in the Circular, are expected to be issued in due course.
Admission of the Incentive Shares and Total Voting Rights
Application has been made to the London Stock Exchange plc for
the admission of 7,147,850 Incentive Shares to trading on AIM
("Admission"), which is expected to take place at 8.00 a.m. on or
around 23 June 2023.
Following Admission, the Company will have 2,095,944,721
Ordinary Shares in issue. The Company does not currently hold any
shares in treasury. As from 23 June 2023 this figure may be used by
shareholders in the Company as the denominator for the calculation
by which they may determine if they are required to notify their
interest in, or change to their interest in, the share capital of
the Company under the FCA's Disclosure Guidance and Transparency
Rules.
Unless otherwise defined, capitalised terms in this announcement
have the same meanings as in the circular sent to shareholders
dated 22 May 2023.
For further information please visit or contact
www.metalsexploration.com
Metals Exploration PLC
Via Tavistock Communications
Limited +44 (0) 207 920 3150
----------------------
Nominated & Financial Adviser: STRAND HANSON LIMITED
----------------------
James Spinney, James Dance, Rob
Patrick +44 (0) 207 409 3494
----------------------
Financial Adviser & Broker HANNAM & PARTNERS
----------------------
Matt Hasson, Franck Nganou +44 (0) 207 907 8500
----------------------
Public Relations: TAVISTOCK
----------------------
Jos Simson, Nick Elwes +44 (0)207 920 3150
----------------------
Appendix I
Resolution For % of Against % of Withheld
Number of votes Number votes Number
shares of shares of shares
1. To receive and
adopt the Accounts
for the year ended
30 December 2022
and reports of the
Directors and Auditors. 1,180,301,654 100.00 0 0.00 21,631
---------------- --------- ------------- ------- -----------
2. To re-appoint
David Cather as a
Director of the Company. 1,180,043,963 99.98 215,191 0.02 64,131
---------------- --------- ------------- ------- -----------
3. To re-appoint
Darren Bowden as
a Director of the
Company. 1,179,919,814 99.97 215,191 0.03 188,280
---------------- --------- ------------- ------- -----------
4. To re-appoint
Timothy Livesey as
a Director of the
Company. 1,179,919,814 99.97 215,191 0.03 188,280
---------------- --------- ------------- ------- -----------
5. To re-appoint
Andrew Chubb Smith
as a Director of
the Company. 1,179,919,814 99.97 215,191 0.03 188,280
---------------- --------- ------------- ------- -----------
6. To re-appoint
CLA Evelyn Partners
Limited as auditors
and to authorise
the Directors to
determine their remuneration. 1,180,086,463 99.98 215,191 0.02 21,631
---------------- --------- ------------- ------- -----------
7. To grant the Directors
authority to allot
up to 13,400,686
ordinary shares to
members of the senior
management team in
accordance with the
2022 Management Incentive
Plan. 1,178,916,490 99.88 1,261,015 0.12 145,780
---------------- --------- ------------- ------- -----------
8. To dis-apply pre-emption
rights subject to
the limits expressed
in resolution 7. 1,166,894,439 98.86 13,375,604 1.14 53,242
---------------- --------- ------------- ------- -----------
Appendix II
PDMR Notification Form :
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Mike Langoulant
-------------------------------- --------------------------------------
2. Reason for the Notification
------------------------------------------------------------------------
a) Position/status Chief Financial Officer
-------------------------------- --------------------------------------
b) Initial notification/amendment Initial notification
-------------------------------- --------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Metals Exploration PLC
-------------------------------- --------------------------------------
b) LEI 2138006CFXWG2OPRV987
-------------------------------- --------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv)each place where transactions have
been conducted
------------------------------------------------------------------------
a) Description of the Financial Ordinary Shares of GBP0.0001 each
instrument, type of instrument
-------------------------------- --------------------------------------
Identification code GB00B0394F60
-------------------------------- --------------------------------------
b) Nature of the Transaction Award under Management Incentive Plan
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price Volume
GBP0.01679 2,697,296
----------
-------------------------------- --------------------------------------
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
-------------------------------- --------------------------------------
e) Date of the transaction 19 June 2023
-------------------------------- --------------------------------------
f) Place of the transaction AIM (LSE)
-------------------------------- --------------------------------------
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END
RAGUKOVRONUNAAR
(END) Dow Jones Newswires
June 19, 2023 11:45 ET (15:45 GMT)
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