REG - Metals Exploration - Exercises of Options, PDMR Dealings and TVR

Metals ExplorationAnnouncement

20/06/2024 14:30

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RNS Number : 2693T  Metals Exploration PLC  20 June 2024

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
(http://www.metalsexploration.com)

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

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

 

 

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                                         N/A (Single transaction)

       Aggregated volume Price
 e)    Date of the transaction                                        20 June 2024
 f)    Place of the transaction                                       Outside a trading venue

 

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

 

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