RNS Number : 5491J
Metals Exploration PLC
05 April 2024
 

5 April 2024

 

METALS EXPLORATION PLC

EXERCISE OF OPTIONS, PDMR DEALING 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 a notice of exercise from David Cather, former Non-Executive Director and Chairman of the Company, 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.

Following such exercise of options, Mr Cather has increased his holding to 0.31% of the issued share capital of the Company. The table below details his interest in the share capital of the Company:

PDMR

Number of Ordinary Shares over which Options were exercised

 

Resulting number of Ordinary Shares held

% of enlarged share capital

David Cather

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 6,600,000 new Ordinary Shares to trading on AIM ("Admission"), which is expected to take place at 8.00 a.m. on or around 10 April 2024.

Following Admission, the Company will have 2,104,744,721 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 Form

 

The information set out below is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

 

1. 

Details of the person discharging managerial responsibilities / person closely associated 

a) 

Name 

David Cather

2. 

Reason for the Notification 

a) 

Position/status 

Director of Metals Exploration Pte Ltd (the Group's Singapore incorporated holding company)

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) 

£0.0001

6,600,000

 

d) 

Aggregated information 

Aggregated volume Price 

N/A (Single transaction) 

e) 

Date of the transaction  

4 April 2024

f) 

Place of the transaction 

Outside a trading venue

 

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 or visit 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.
 
END
 
 
MSCEAALSESKLEFA