REG - Metals Exploration - Holding(s) in Company and Total Voting Rights

Metals ExplorationAnnouncement

25/02/2025 13:15

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RNS Number : 4160Y  Metals Exploration PLC  25 February 2025

25 February 2025

METALS EXPLORATION PLC

Holding(s) in Company and Total Voting Rights

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 change to the
interest of a significant shareholder, Drachs Investments No3 Limited, and
announces a correction to the Company's total voting rights.

Change of Significant Shareholder Interest

Drachs Investments No3 Limited has notified the Company that it has increased
its interest in ordinary shares of £0.0001 each in the capital of the Company
("Ordinary Shares") to 335,532,143 Ordinary Shares, representing 13.05% of the
total voting rights. The TR-1 notification form is shown below.

Total Voting Rights

As a result of an administrative error, the Company's announcement of 13
January 2025 erroneously stated that 830,145,842 Ordinary Shares were to be
issued to Condor Gold Scheme Shareholders and admitted to trading on AIM,
which should have stated 830,145,141 Ordinary Shares.

Accordingly, application has been made to London Stock Exchange plc for the
cancellation of the admission of 701 existing Ordinary Shares to trading on
AIM (the "Voting Rights Correction"), which is expected to take place at 8.00
a.m. on or around 26 February 2025.

Following the Voting Rights Correction, the Company will have 2,965,438,788
Ordinary Shares in issue, of which 393,513,312 ordinary shares as held in
treasury, and, accordingly, the total number of voting rights is
2,571,925,476. From the date of the Voting Rights Correction, 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:

 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)

 

 

 

TR-1: Standard form for notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
 FCA in Microsoft Word format if possible) (i)

 1a. Identity of the issuer or the underlying issuer of existing shares to                                                                                    Metals Exploration plc
 which voting rights are attached (ii):
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X"
 if appropriate)
 Non-UK issuer
 2. Reason for the notification (please mark the appropriate box or boxes with
 an "X")
 An acquisition or disposal of voting rights                                                                                                                                                                                                               X
 An acquisition or disposal of financial instruments
 An event changing the breakdown of voting rights
 Other (please specify) (iii):
 3. Details of person subject to the notification obligation (iv)
 Name                                                                                                                                                         Drachs Investments No3 Limited
 City and country of registered office (if applicable)                                                                                                        Jersey, UK
 4. Full name of shareholder(s) (if different from 3.) (v)
 Name                                                                                                                                                         Helga Evans
 City and country of registered office (if applicable)
 5. Date on which the threshold was crossed or reached (vi):                                                                                                  24 February 2025
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                               25 February 2025
 7. Total positions of person(s) subject to the notification obligation
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments      Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer (8.A + 8.B) (vii)

(total of 8.B 1 + 8.B 2)
 Resulting situation on the date on which threshold was crossed or reached  13.05%                                                 -                                                     13.05%                          335,352,143
 Position of previous notification (if                                      12.41%                                                 -                                                     12.41%

 applicable)

 

 8. Notified details of the resulting situation on the date on which the
 threshold was crossed or reached (viii)
 A: Voting rights attached to shares
 Class/type of                                  Number of voting rights (ix)                                              % of voting rights

shares

 ISIN code (if possible)
                                                Direct                    Indirect                                        Direct                                           Indirect

                                                (DTR5.1)                   (DTR5.2.1)                                     (DTR5.1)                                         (DTR5.2.1)
 Ordinary                                       335,352,143               -                                               13.05%                                           -

 SUBTOTAL 8. A                                  332,352,143                                                               13.05%

 B 1: Financial Instruments according to DTR5.3.1R (1) (a)
 Type of financial instrument                   Expiration  Exercise/                             Number of voting rights that may be acquired if the instrument is        % of voting rights

date (x)
Conversion Period (xi)

                                                                                                  exercised/converted.

                                                            SUBTOTAL 8. B 1

 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
 (1) (b)
 Type of financial instrument  Expiration                   Exercise/                   Physical or cash                                          Number of voting rights  % of voting rights

date (x)
Conversion Period (xi)

                                                                                        Settlement (xii)

                                                                                        SUBTOTAL 8.B.2

 

 9. Information in relation to the person subject to the notification
 obligation (please mark the

 applicable box with an "X")
 Person subject to the notification obligation is not controlled by any natural
 person or legal entity and does not control any other undertaking(s) holding
 directly or indirectly an interest in the (underlying) issuer (xiii)
 Full chain of controlled undertakings through which the voting rights and/or                                                                                                                                                 X
 the

financial instruments are effectively held starting with the ultimate
 controlling natural person or legal entity (please add additional rows as
 necessary) (xiv)
 Name (xv)                       % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                             than the notifiable threshold
 Helga Evans                     0.00%                                                                       -                                                                           0.00%
 Drachs Investments No3 Limited  13.05%                                                                      -                                                                           13.05%

 10. In case of proxy voting, please identify:
 Name of the proxy holder
 The number and % of voting rights held
 The date until which the voting rights will be held

 11. Additional information (xvi)

 

 Place of completion  London, UK
 Date of completion   25 February 2025

 

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