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RNS Number : 2063D Metals Exploration PLC 19 June 2023
19 June 2023
METALS EXPLORATION PLC
Result of AGM
Management Incentive Plan Share Awards and TVR
Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a
gold producer in the Philippines, announces that at the Annual General Meeting
of the Company held earlier today (the "AGM"), all resolutions put to
shareholders were duly passed on a poll.
The votes cast on each resolution are shown in Appendix I of this announcement
and the full text of the resolutions can be found in the Notice of the General
Meeting contained in the Circular to shareholders on the Company's website at
https://www.metalsexploration.com/ (https://www.metalsexploration.com/)
investors.
Issue of Incentive Shares under the Management Incentive Plan
Further to the passing of Resolutions 7 and 8 at the AGM, the Company has
issued a total of 7,147,850 new Ordinary Shares (the "Incentive Shares") to
members of the senior management team, in accordance with the 2022 Management
Incentive Plan, as set out in the Circular. Details of the awards to PDMRs are
set out below, with further information being contained in Appendix II:
PDMR Number of new Ordinary Shares issued under MIP Number of Ordinary Shares held post-award % of issued share capital
Mike Langoulant, CFO 2,697,296 6,259,284 0.29
The 6,252,836 new Ordinary Shares proposed to be issued to Darren Bowden under
the 2022 Management Incentive Plan, as set out in the Circular, are expected
to be issued in due course.
Admission of the Incentive Shares and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission
of 7,147,850 Incentive Shares to trading on AIM ("Admission"), which is
expected to take place at 8.00 a.m. on or around 23 June 2023.
Following Admission, the Company will have 2,095,944,721 Ordinary Shares in
issue. The Company does not currently hold any shares in treasury. As from 23
June 2023 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.
Unless otherwise defined, capitalised terms in this announcement have the same
meanings as in the circular sent to shareholders dated 22 May 2023.
For further information please visit or contact www.metalsexploration.com
(http://www.metalsexploration.com)
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
Jos Simson, Nick Elwes +44 (0)207 920 3150
Appendix I
Resolution For % of votes Against % of votes Withheld
Number of shares Number of shares Number of shares
1. To receive and adopt the Accounts for the year ended 30 December 2022 and
reports of the Directors and Auditors.
1,180,301,654 100.00 0 0.00 21,631
2. To re-appoint David Cather as a Director of the Company.
1,180,043,963 99.98 215,191 0.02 64,131
3. To re-appoint Darren Bowden as a Director of the Company.
1,179,919,814 99.97 215,191 0.03 188,280
4. To re-appoint Timothy Livesey as a Director of the Company.
1,179,919,814 99.97 215,191 0.03 188,280
5. To re-appoint Andrew Chubb Smith as a Director of the Company.
1,179,919,814 99.97 215,191 0.03 188,280
6. To re-appoint CLA Evelyn Partners Limited as auditors and to authorise the
Directors to determine their remuneration.
1,180,086,463 99.98 215,191 0.02 21,631
7. To grant the Directors authority to allot up to 13,400,686 ordinary shares
to members of the senior management team in accordance with the 2022
Management Incentive Plan.
1,178,916,490 99.88 1,261,015 0.12 145,780
8. To dis-apply pre-emption rights subject to the limits expressed in
resolution 7.
1,166,894,439 98.86 13,375,604 1.14 53,242
Appendix II
PDMR Notification Form:
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
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
Identification code GB00B0394F60
b) Nature of the Transaction Award under Management Incentive Plan
c) Price(s) and volume(s) Price Volume
£0.01679 2,697,296
d) Aggregated information N/A (Single transaction)
Aggregated volume Price
e) Date of the transaction 19 June 2023
f) Place of the transaction AIM (LSE)
d)
Aggregated information
Aggregated volume Price
N/A (Single transaction)
e)
Date of the transaction
19 June 2023
f)
Place of the transaction
AIM (LSE)
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