REG - Metals Exploration - Exercise of Options, PDMR Dealing and TVR

Metals ExplorationAnnouncement

05/04/2024 14:00

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RNS Number : 5491J  Metals Exploration PLC  05 April 2024

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
 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 COMMUNICATIONS LIMITED
 Jos Simson, Nick Elwes                   +44 (0) 207 920 3150

 

Web:                      www.metalsexploration.com
(http://www.metalsexploration.com)

Twitter:                  @MTLexploration
(https://twitter.com/MTLexploration)

LinkedIn:               Metals Exploration
(https://www.linkedin.com/company/metals-exploration-plc)

 

 

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
 a)    Name                                                           David Cather
 2.    Reason for the Notification
 a)    Position/status                                                Director of Metals Exploration Pte Ltd (the Group's Singapore incorporated
                                                                      holding company)
 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 instrument, type of instrument    Ordinary Shares of £0.0001 each in the Company
       Identification code                                            ISIN for Ordinary Shares: GB00B0394F60
 b)    Nature of the Transaction                                      Exercise of Options to acquire Ordinary Shares
 c)    Price(s) and volume(s)                                         Price(s)    Volume(s)
                                                                      £0.0001     6,600,000

 
 d)    Aggregated information                                         N/A (Single transaction)

       Aggregated volume Price
 e)    Date of the transaction                                        4 April 2024
 f)    Place of the transaction                                       Outside a trading venue

 

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction 

4 April 2024

f)

Place of the transaction

Outside a trading venue

 

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