REG - Metals Exploration - Director / PDMR Dealings

Metals ExplorationAnnouncement

30/10/2024 14:15

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RNS Number : 2780K  Metals Exploration PLC  30 October 2024

30 October 2024

 

METALS EXPLORATION PLC

Director / PDMR Dealings

Significant Shareholding

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a
gold producer in the Philippines, has been notified of the sales of the
Company's ordinary shares of £0.0001 each ("Ordinary Shares") by Mike
Langoulant, Chief Financial Officer and a Person Discharging Managerial
Responsibilities ("PDMR") of the Company, and Andrew Chubb, Non-Executive
Director of the Company, the majority of which were purchased by an entity
associated with the Company's second largest shareholder, Drachs Investments
No 3 Limited ("Drachs").

Mike Langoulant sold 2,166,000 Ordinary Shares at an average price of £0.0652
per share and Andrew Chubb sold 2,500,000 Ordinary Shares at £0.0675 per
share. The table below details Messrs Langoulant and Chubb's sales of Ordinary
Shares and their resultant interests in the voting share capital of the
Company:

 Director/PDMR    Number of Ordinary Shares sold  Resulting number of Ordinary Shares held  % of voting share capital

 Mike Langoulant  2,166,000                       5,498,306                                 0.32
 Andrew Chubb     2,500,000                       4,100,000                                 0.24

 

The Company has been advised that an associate entity of Drachs has acquired
4,000,000 Ordinary Shares taking the total shareholding of Drachs and its
associates to 321,532,143 Ordinary Shares, representing approximately 18.6% of
the Company's voting share capital.

 

The notifications below, made in accordance with the requirements of the EU
Market Abuse Regulation (as applied in UK law), provides further detail on the
transaction.

 

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 Forms

 

 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 (PDMR)
 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                                      Sale of Ordinary Shares
 c)    Price(s) and volume(s)                                         Price(s)          Volume(s)
                                                                      1.   £0.0675      1.   1,500,000
                                                                      2.   £0.06004     2.   666,000

 
 d)    Aggregated information                                         Price     Volume

                                                              £0.0652   2,166,000
       Aggregated volume Price

 
 e)    Date of the transaction                                        28 October 2024
 f)    Place of the transaction                                       AIM

 

d)

Aggregated information

Aggregated volume Price

 Price     Volume
 £0.0652   2,166,000

 

e)

Date of the transaction 

28 October 2024

f)

Place of the transaction

AIM

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                           Andrew Chubb
 2.    Reason for the Notification
 a)    Position/status                                                Non-Executive Director
 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                                      Sale of Ordinary Shares
 c)    Price(s) and volume(s)                                         Price(s)    Volume(s)
                                                                      £0.0675     2,500,000

 
 d)    Aggregated information                                         N/A (Single transaction)

       Aggregated volume Price
 e)    Date of the transaction                                        28 October 2024
 f)    Place of the transaction                                       AIM

 

d)

Aggregated information

Aggregated volume Price

N/A (Single transaction)

e)

Date of the transaction 

28 October 2024

f)

Place of the transaction

AIM

 

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