20 June 2024
METALS EXPLORATION
PLC
Exercises of Options, PDMR
Dealings and Total Voting Rights
Metals Exploration plc (AIM: MTL)
("Metals Exploration", "MTL", the "Company" or the "Group"), a gold
producer in the Philippines, announces that it has received notices
of exercise from Andrew Chubb and Timothy Livesey, Non-Executive
Directors of the Company, each in respect of options over 6,600,000
new ordinary shares of £0.0001 each ("Ordinary Shares"), at an
exercise price equal to nominal value.
The table below details Messrs Chubb
and Livesey's exercises of options and their resultant interest in
the share capital of the Company:
|
Director/PDMR
|
Number of Ordinary Shares
over which options were exercised
|
Resulting number of Ordinary
Shares held
|
% of enlarged share
capital
|
|
Andrew Chubb
|
6,600,000
|
6,600,000
|
0.31
|
|
Timothy Livesey
|
6,600,000
|
6,600,000
|
0.31
|
The notification below, made in
accordance with the requirements of the EU Market Abuse Regulation
(as applied in UK law), provides further detail on the
transaction.
Admission and total voting rights
Application has been made to the
London Stock Exchange plc for the admission of the 13,200,000 new
Ordinary Shares to trading on AIM ("Admission"), which is expected
to take place at 8.00 a.m. on or around 26 June 2024.
Following Admission, the Company
will have 2,117,944,721 Ordinary Shares in issue. The Company does
not currently hold any shares in treasury and 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 visit
or contact:
|
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 COMMUNICATIONS LIMITED
|
|
Jos Simson, Nick Elwes
|
+44 (0) 207 920 3150
|
Web:
www.metalsexploration.com
Twitter:
@MTLexploration
LinkedIn:
Metals
Exploration
PDMR
Notification Forms
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Andrew Chubb
2. Timothy Livesey
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
1. Director
2. 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
|
Exercise of options to acquire
Ordinary Shares
|
|
c)
|
Price(s) and
volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1. £0.0001
|
1. 6,600,000
|
|
2. £0.0001
|
2. 6,600,000
|
|
|
d)
|
Aggregated
information
Aggregated volume
Price
|
N/A (Single
transaction)
|
|
e)
|
Date of the
transaction
|
20 June 2024
|
|
f)
|
Place of the
transaction
|
Outside a trading venue
|
