5 April 2024
METALS EXPLORATION
PLC
EXERCISE OF OPTIONS, PDMR
DEALING AND TOTAL VOTING RIGHTS
Metals Exploration plc (AIM: MTL) ("Metals
Exploration", "MTL", the "Company" or the "Group"), a gold producer
in the Philippines, announces that it has received a notice of
exercise from David Cather, former Non-Executive Director and
Chairman of the Company, in respect of options over 6,600,000 new
ordinary shares of £0.0001 each ("Ordinary Shares"), at an exercise
price equal to nominal value.
Following such exercise of options, Mr Cather
has increased his holding to 0.31% of the issued share capital of
the Company. The table below details his interest in the share
capital of the Company:
|
PDMR
|
Number of Ordinary
Shares over which Options were exercised
|
Resulting number of
Ordinary Shares held
|
% of enlarged share
capital
|
|
David Cather
|
6,600,000
|
6,600,000
|
0.31
|
The notification below, made in accordance with
the requirements of the EU Market Abuse Regulation (as applied in
UK law), provides further detail on the transaction.
Admission and
total voting rights
Application has been made to the London Stock
Exchange plc for the admission of the 6,600,000 new Ordinary Shares
to trading on AIM ("Admission"), which is expected to take place at
8.00 a.m. on or around 10 April 2024.
Following Admission, the Company will have
2,104,744,721 Ordinary Shares in issue. The Company does not
currently hold any shares in treasury and therefore 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.
For further information please visit or
contact:
|
Metals Exploration PLC
|
|
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Via Tavistock Communications
Limited
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+44 (0) 207 920 3150
|
|
|
|
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Nominated & Financial Adviser:
|
STRAND HANSON LIMITED
|
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James Spinney, James Dance, Rob
Patrick
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+44 (0) 207 409 3494
|
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|
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Financial Adviser & Broker:
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HANNAM & PARTNERS
|
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Matt Hasson, Franck
Nganou
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+44 (0) 207 907 8500
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Public Relations:
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TAVISTOCK COMMUNICATIONS LIMITED
|
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Jos Simson, Nick Elwes
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+44 (0) 207 920 3150
|
Web:
www.metalsexploration.com
Twitter:
@MTLexploration
LinkedIn:
Metals
Exploration
PDMR
Notification Form
The information set out below is
provided in accordance with the requirements of Article 19(3) of
the EU Market Abuse Regulation No 596/2014.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
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a)
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Name
|
David Cather
|
|
2.
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Reason for the Notification
|
|
a)
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Position/status
|
Director of Metals Exploration Pte
Ltd (the Group's Singapore incorporated holding company)
|
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b)
|
Initial
notification/amendment
|
Initial
notification
|
|
3.
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction
monitor
|
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a)
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Name
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METALS EXPLORATION PLC
|
|
b)
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LEI
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2138006CFXWG2OPRV987
|
|
4.
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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
|
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a)
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Description of the Financial
instrument, type of instrument
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Ordinary Shares of £0.0001 each in
the Company
|
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Identification code
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ISIN for Ordinary Shares:
GB00B0394F60
|
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b)
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Nature of the
Transaction
|
Exercise of Options to acquire
Ordinary Shares
|
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c)
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Price(s) and
volume(s)
|
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Price(s)
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Volume(s)
|
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£0.0001
|
6,600,000
|
|
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d)
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Aggregated
information
Aggregated volume
Price
|
N/A (Single
transaction)
|
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e)
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Date of the
transaction
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4 April 2024
|
|
f)
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Place of the
transaction
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Outside a trading venue
|