REG - Metals Exploration - Buy Back, TVR and Major Shareholdings

Metals ExplorationAnnouncement

26/09/2024 11:00

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RNS Number : 8249F  Metals Exploration PLC  26 September 2024

26 September 2024

METALS EXPLORATION PLC

Buy Back of Ordinary Shares, Total Voting Rights and Major Shareholdings

 

Metals Exploration plc (AIM: MTL) ("Metals Exploration", "MTL", the "Company"
or the "Group"), a gold producer in the Philippines, is pleased to announce
that, further to its announcements of 28 August 2024 and 2 September 2024, the
Company has completed the purchase into treasury of the third tranche of the
ordinary shares held by, or on behalf of, Runruno Holdings Limited ("RHL"),
being 94,936,651 ordinary shares for a consideration of approximately £4.7
million.

As a result, RHL no longer holds any of the Company's issued share capital.

Total Voting Rights

The Company has 2,121,729,717 Ordinary Shares in issue, of
which 393,513,302 Ordinary Shares are held in treasury. Accordingly, the
total number of voting rights is 1,728,216,415.  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.

Major Shareholdings

The Company is aware of the following significant shareholdings:

 Shareholder                                    Number of Ordinary Shares  Percentage of the Company's voting capital
 MTL Luxembourg S.a.r.l.                        751,000,000                43.46%
 Drachs Investments No3 Limited                 217,532,143                12.59%
 Baker Steel Capital                            64,838,429                 3.75%

 

 

For further information, please contact or visit:

 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

 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)

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

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

 

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