REG - Metals Exploration - Buy Back of Ordinary Shares & Total Voting Rights

Metals ExplorationAnnouncement

02/09/2024 15:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240902:nRSB5771Ca&default-theme=true

RNS Number : 5771C  Metals Exploration PLC  02 September 2024

2 September 2024

METALS EXPLORATION PLC

Buy Back of Ordinary Shares and Total Voting Rights

 

Metals Exploration plc (AIM: MTL) ("Metals Exploration", or the "Company"), a
gold producer in the Philippines, is pleased to announce that, further to its
announcement of 28 August 2024, the Company has completed the purchase into
treasury of the first and second tranches of the ordinary shares held by, or
on behalf of, Runruno Holdings Limited ("RHL"), being an aggregate of
298,576,651 ordinary shares for a consideration of approximately £14.9
million.

As a result, RHL's interest in the share capital of the Company has fallen to
94,936,651 ordinary shares (5.21% of the Company's voting share capital) and,
accordingly, the relationship agreement between the Company and RHL dated 24
October 2020 has terminated.

Total Voting Rights

The Company has 2,121,729,717 Ordinary Shares in issue, of
which 298,576,651 Ordinary Shares are held in treasury. Accordingly, the
total number of voting rights is 1,823,153,066.  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 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

 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
(http://www.metalsexploration.com)

X:                     @MTLexploration
(https://twitter.com/MTLexploration)

LinkedIn:          Metals Exploration
(https://www.linkedin.com/company/metals-exploration-plc)

 

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  TVRKZGGLFZZGDZM