REG - Metals Exploration - Directorate Changes

Metals ExplorationAnnouncement

01/11/2024 07:00

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RNS Number : 4774K  Metals Exploration PLC  01 November 2024

1 November 2024

METALS EXPLORATION PLC

Directorate Changes

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a
gold producer in the Philippines, is pleased to announce the appointments of
Mr David Cather and Mr Rob Marshall as Non-Executive Directors of the Company
with immediate effect.

Mr David Cather, previously Independent Non-Executive Chair of Metals
Exploration, is currently the Chairman of the Company's subsidiary, which
holds its interest in the Runruno mine, and has in excess of 40 years'
experience in the mining industry. David has acted as CEO and COO of operating
gold mining companies, and has held various roles with a London-based fund
manager and at Anglo-American plc. He has participated in numerous
acquisitions and IPOs of mining companies on various stock exchanges and has
significant expertise in mine development.

Mr Rob Marshall has been appointed as a representative of the Company's second
largest shareholder, Drachs Investment No3 Limited ("Drachs"). Rob is a
chartered accountant with over 20 years' professional and corporate advisory
experience. Rob is currently the UK managing director and CFO of the Evans
Property Group, a global family investment business which is predominantly
real estate based.

Furthermore, the Company has executed a relationship agreement with Drachs to
regulate the relationship between the Company and Drachs to ensure, amongst
other things, that the Company and its business shall be managed independently
of Drachs and for the benefit of the shareholders of the Company as a whole.
The relationship agreement also grants Drachs the right to appoint one
director, for so long as it continues to hold more than 15% of the voting
rights of the Company.

 

Finally, the Company is pleased to confirm BlytheRay as its public relations
advisor to support its communications strategy and stakeholder engagement.

 

Nick von Schirnding, Independent Non-Executive Chair of Metals Exploration,
commented:

"It is a pleasure to welcome David back to the parent company board, where his
mining industry experience enabled him to make significant contributions to
the Company. We are also delighted to welcome Rob, a highly regarded finance
professional, to the Board of the Company. We look forward to working with
them as we continue our strategy of growing the Company in the Philippines as
well as creating value through potentially expanding our asset portfolio
elsewhere."

 

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)

 

 

Additional Information on the Directorate Appointments

 

The following additional information is provided in accordance with AIM Rule
17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

 

 Full name                                       David Connal Cather
 Age                                             65
 Current directorships                           Metals Exploration Pte Limited

                                                 AK Altynalmas JSC

                                                 Galantas Gold Corporation

                                                 Tungsten West plc

                                                 Cather Mining Consultancy Limited
 Historical directorships from previous 5 years  Metals Exploration plc

                                                 Fengro Industries Corp. (now Elemental Royalties Corp.)

 Metals Exploration plc shareholding             6,600,000 Ordinary Shares

 

 Full name                                       Robert Marshall
 Age                                             45
 Current directorships                           LTM Leeds Travel Group Limited

                                                 LTM Leeds Luxury Travel Limited

                                                 Fradley Properties Ltd

                                                 Evans Homes (Skelton) Limited

                                                 Evans Homes (Whinmoor) No.2 Limited

                                                 Evans Homes (Whinmoor) No.1 Limited

                                                 LTM Leeds Travel Limited

                                                 Evans Homes (Brayton) Limited

                                                 Great North Developments Limited

                                                 White Laith Developments Limited

                                                 White Rose (Leeds) Limited

                                                 Evans Property Limited

                                                 Tingley Limited

                                                 Micklefield Properties Limited

                                                 Whinmoor Limited

                                                 Hungate (York) Regeneration Limited

                                                 Evans Property Group Limited

                                                 Business Living Limited

                                                 Citygate Developments No.1 Limited

                                                 Roando Investments Limited

                                                 Evans Homes Limited (06006060)3

                                                 Evans Advisory Limited

                                                 Fradley Park Developments Limited

                                                 Evans Property Holdings Limited

                                                 F R Evans (Leeds) Limited

                                                 White Rose Property Investments No.2 Limited

                                                 Evans Management Limited

                                                 Evans of Leeds Limited

                                                 Evans Homes (Tockwith) Limited

                                                 Fradley Park Industrial Limited

                                                 Evans Dakota Hotels Limited

                                                 Dakota Hospitality Limited

                                                 Hungate (York) Retail Limited

                                                 Duchy Homes (Micklefield) Limited

                                                 Templegate Developments Limited

                                                 Cala Evans Restoration Limited

                                                 Springhead Developments No.1 Limited

                                                 Fradley Properties Ltd

                                                 East Quayside Management Limited

                                                 Hungate Estate Management Company Limited
 Historical directorships from previous 5 years  West End Sports and Corporate Travel Limited

                                                 Sterling Travel Management Limited

                                                 Forth Bridges Business Park Developments Limited

                                                 Evans Regeneration Investments Limited

                                                 Astra House Limited

                                                 Evans (Ashford) Limited

                                                 Evans Ashford Investments Limited

                                                 Citygate Developments No.2 Limited

                                                 Volbay Investments Limited

                                                 Millshaw No.3 Limited

                                                 Fradley District Centre Limited

                                                 York Business Park Developments Limited

                                                 Millshaw Investments Limited

                                                 Evans Residential Holdings Limited

                                                 Quartz Point Limited

                                                 Evans Carbon Developments Limited

                                                 Airebank Developments Limited

                                                 Dakota Hotel (Eurocentral) Limited

                                                 Dakota Forth Bridge Limited

                                                 Eurocentral Hotels Limited

                                                 Evans Homes Limited (03890833)

                                                 Evans Easyspace (Chester) Limited

                                                 Springswood Limited

                                                 House Manor Management Limited

 Metals Exploration plc shareholding             7,820,928 Ordinary Shares

 

There is no further information to be disclosed in relation to the directorate
appointments pursuant to AIM Rule 17 or Schedule Two paragraph (g) of the AIM
Rules for Companies.

 

 

 

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