REG - Metals Exploration - Result of AGM

Metals ExplorationAnnouncement

19/06/2023 16:45

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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/ (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 Shares issued under MIP  Number of Ordinary Shares held post-award  % of issued share capital
 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
(http://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 votes  Against            % of votes  Withheld

                                                                                Number of shares               Number of shares               Number 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 instrument, type of instrument  Ordinary Shares of £0.0001 each
     Identification code                                          GB00B0394F60
 b)  Nature of the Transaction                                    Award under Management Incentive Plan
 c)  Price(s) and volume(s)                                       Price      Volume
                                                                  £0.01679   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)

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction

19 June 2023

f)

Place of the transaction

AIM (LSE)

 

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