REG - Metals Exploration - Exercise of Warrants and Options

Metals ExplorationAnnouncement

27/02/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260227:nRSa6040Ua&default-theme=true

RNS Number : 6040U  Metals Exploration PLC  27 February 2026

METALS EXPLORATION PLC

 

Exercise of Warrants and Options, Issue of Incentive Shares and Total Voting
Rights

 

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a
gold producer, exploration, and development company with assets in the
Philippines and Nicaragua, announces that it has received notices of exercise
in respect of, in aggregate, 3,334,556 new ordinary shares of £0.0001 each
("Ordinary Shares") in relation to (i) 2,584,556 warrants with an exercise
price of £0.0605 each, raising £156,365.64; and (ii) the exercise of an
option for 750,000 Ordinary Shares with an option price of £0.0829 each,
raising £62,175.

 

Issue of Incentive Shares under the Management Incentive Programme ("MIP")

 

Additionally, the Company has issued a total of 1,182,210 new Ordinary Shares
at an issue price of £0.1543 to members of the senior management team, in
accordance with the 2025 MIP.

 

Details of the awards to PDMRs are set out below, with further information
being contained in the Appendix to this announcement:

 

 PDMR                      Number of new Ordinary Shares issued under MIP  Number of Ordinary Shares held post-award  % of total voting rights
 Darren Bowden (CEO)       450,383                                         199,759,633                                6.71%
 Michael Langoulant (CFO)  281,473                                         6,651,879                                  0.22%

 

 

Admission and Total Voting Rights

 

Application has been made to the London Stock Exchange plc for the admission
of 4,516,766 new Ordinary Shares to trading on AIM ("Admission"), which is
expected to take place at 8.00 a.m. on or around 3 March 2026.

 

Following Admission, the Company will have 3,278,237,634 Ordinary Shares in
issue, of which 299,385,458 ordinary shares are held in treasury, and,
accordingly, the total number of voting rights is 2,978,852,176. Therefore,
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.

 

For further information, please contact or visit:

 

 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

 Joint Broker:                                      HANNAM & PARTNERS
 Matt Hasson, Franck Nganou                         +44 (0) 207 907 8500

 Joint Broker:                                      PANMURE LIBERUM
 Amrit Mahbubani, Scott Mathieson, Zak Wadud        +44 (0) 20 3100 2000

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

                                                    metalsexploration@blytheray.com

 Web:                                               www.metalsexploration.com
 X:                                                 @MTLexploration (https://twitter.com/MTLexploration)
 LinkedIn:                                          Metals Exploration (https://www.linkedin.com/company/metals-exploration-plc)

 

 

 

Appendix

PDMR Notification Form:

 

 

 1.      Details of the person discharging managerial responsibilities / person closely
         associated
 a)      Name                                                           1.   Darren Bowden

                                                                        2.   Mike Langoulant

 2.      Reason for the Notification
 a)      Position/status                                                1.   Chief Executive Officer

                                                                        2.   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                                      Ordinary Shares Issued
 c)      Price(s) and volume(s)                                         Price(s)           Volume(s)
                                                                        1.   £0.1543       1.   450,383

                                                                        2.   £0.1543       2.   281,473

 
 d)      Aggregated information

         Aggregated volume Price                                        Price: £0.1543 each

                                                                        Volume: 731,856

 e)      Date of the transaction                                         25 February 2026
 f)      Place of the transaction                                        AIM

 

d)

Aggregated information

Aggregated volume Price

 

Price: £0.1543 each

Volume: 731,856

 

e)

Date of the transaction 

 25 February 2026

f)

Place of the transaction

 AIM

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHUNUBRNWUUUAR



            Copyright 2019 Regulatory News Service, all rights reserved