REG - Metals Exploration - Director/PDMR Dealings

Metals ExplorationAnnouncement

11/02/2025 07:15

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RNS Number : 5934W  Metals Exploration PLC  11 February 2025

11 February 2025

METALS EXPLORATION PLC

Director/PDMR Dealings

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a
gold production, exploration, and development company with assets in the
Philippines and Nicaragua, has been notified of the following transactions in
ordinary shares of £0.0001 each in the capital of the Company ("Ordinary
Shares").

A person closely associated ("PCA") with David Cather, Non-Executive Director
of the Company, acquired 500,000 Ordinary Shares at an average price of 5.6p
per share. Following the dealing, David Cather and his PCA have an interest in
7,100,000 Ordinary Shares, representing 0.28% of the Company's current total
voting rights.

Candy Ventures S.a.r.l, which is majority owned by Nick Candy and a PCA with
Steven Smith, Non-Executive Director of the Company, acquired 2,000,000
Ordinary Shares at an average price of 5.6p per share. Following the dealing,
Nick Candy has an interest in 653,000,000 Ordinary Shares, comprising: Candy
Investments S.a.r.l with 650,000,000 Ordinary Shares, Candy Ventures S.a.r.l
with 2,000,000 Ordinary Shares, and MTL (Luxembourg) S.a.r.l with 1,000,000
Ordinary Shares, in aggregate representing 25.52% of the Company's current
total voting rights. Candy Investments S.a.r.l, Candy Ventures S.a.r.l and MTL
(Luxembourg) S.a.r.l are each wholly owned by Nick Candy, save for Candy
Ventures S.a.r.l, in which he holds a 90% interest, with Steven Smith owning
10%.

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 contact or visit:

 Metals Exploration PLC
 Via BlytheRay                            +44 (0) 207 138 3204

 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:                        BLYTHERAY
 Megan Ray, Said Izagaren                 +44 (0) 207 138 3204

 

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)

 

 

PDMR Notification Forms

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                           Sarah Cather
 2.    Reason for the Notification
 a)    Position/status                                                PCA of David Cather, 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                                      Acquisition of Ordinary Shares
 c)    Price(s) and volume(s)                                         Price(s)  Volume(s)
                                                                      5.6p      500,000
 d)    Aggregated information                                         Price  Volume

                                                              5.6p   500,000
       Aggregated volume Price
 e)    Date of the transaction                                        7 February 2025
 f)    Place of the transaction                                       AIM

d)

Aggregated information

Aggregated volume Price

 Price  Volume
 5.6p   500,000

e)

Date of the transaction 

7 February 2025

f)

Place of the transaction

AIM

 

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                           Candy Ventures S.a.r.l
 2.    Reason for the Notification
 a)    Position/status                                                PCA of Steven Smith, 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                                      Acquisition of Ordinary Shares
 c)    Price(s) and volume(s)                                         Price(s)  Volume(s)
                                                                      1. 5.4p   1. 1,000,000

                                                                      2. 5.8p   2. 1,000,000
 d)    Aggregated information                                         Price  Volume

                                                              5.6p   2,000,000
       Aggregated volume Price
 e)    Date of the transaction                                        6 and 7 February 2025
 f)    Place of the transaction                                       AIM

d)

Aggregated information

Aggregated volume Price

 Price  Volume
 5.6p   2,000,000

e)

Date of the transaction 

6 and 7 February 2025

f)

Place of the transaction

AIM

 

 

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