RNS Number : 4774K
Metals Exploration PLC
01 November 2024
 

1 November 2024

METALS EXPLORATION PLC

Directorate Changes

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer in the Philippines, is pleased to announce the appointments of Mr David Cather and Mr Rob Marshall as Non-Executive Directors of the Company with immediate effect.

Mr David Cather, previously Independent Non-Executive Chair of Metals Exploration, is currently the Chairman of the Company's subsidiary, which holds its interest in the Runruno mine, and has in excess of 40 years' experience in the mining industry. David has acted as CEO and COO of operating gold mining companies, and has held various roles with a London-based fund manager and at Anglo-American plc. He has participated in numerous acquisitions and IPOs of mining companies on various stock exchanges and has significant expertise in mine development.

Mr Rob Marshall has been appointed as a representative of the Company's second largest shareholder, Drachs Investment No3 Limited ("Drachs"). Rob is a chartered accountant with over 20 years' professional and corporate advisory experience. Rob is currently the UK managing director and CFO of the Evans Property Group, a global family investment business which is predominantly real estate based.

Furthermore, the Company has executed a relationship agreement with Drachs to regulate the relationship between the Company and Drachs to ensure, amongst other things, that the Company and its business shall be managed independently of Drachs and for the benefit of the shareholders of the Company as a whole. The relationship agreement also grants Drachs continues to hold more than 15% of the voting rights of the Company.

 

Finally, the Company is pleased to confirm BlytheRay as its public relations advisor to support its communications strategy and stakeholder engagement.

 

Nick von Schirnding, Independent Non-Executive Chair of Metals Exploration, commented:

"It is a pleasure to welcome David back to the parent company board, where his mining industry experience enabled him to make significant contributions to the Company. We are also delighted to welcome Rob, a highly regarded finance professional, to the Board of the Company. We look forward to working with them as we continue our strategy of growing the Company in the Philippines as well as creating value through potentially expanding our asset portfolio elsewhere."

 

For further information, please contact or visit:

Metals Exploration PLC

 

Via BlytheRay

+44 (0) 207 138 3204

 

 

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:

BLYTHERAY

Megan Ray, Said Izagaren

+44 (0) 207 138 3204  

 

Web:                www.metalsexploration.com

X:                     @MTLexploration

LinkedIn:           Metals Exploration

 

 

Additional Information on the Directorate Appointments

 

The following additional information is provided in accordance with AIM Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

 

Full name

David Connal Cather

Age

65

Current directorships

Metals Exploration Pte Limited

AK Altynalmas JSC

Galantas Gold Corporation

Tungsten West plc

Cather Mining Consultancy Limited

Historical directorships from previous 5 years

Metals Exploration plc

Fengro Industries Corp. (now Elemental Royalties Corp.)

 

Metals Exploration plc shareholding

6,600,000 Ordinary Shares

 

Full name

Robert Marshall

Age

45

Current directorships

LTM Leeds Travel Group Limited

LTM Leeds Luxury Travel Limited

Fradley Properties Ltd

Evans Homes (Skelton) Limited

Evans Homes (Whinmoor) No.2 Limited

Evans Homes (Whinmoor) No.1 Limited

LTM Leeds Travel Limited

Evans Homes (Brayton) Limited

Great North Developments Limited

White Laith Developments Limited

White Rose (Leeds) Limited

Evans Property Limited

Tingley Limited

Micklefield Properties Limited

Whinmoor Limited

Hungate (York) Regeneration Limited

Evans Property Group Limited

Business Living Limited

Citygate Developments No.1 Limited

Roando Investments Limited

Evans Homes Limited (06006060)3

Evans Advisory Limited

Fradley Park Developments Limited

Evans Property Holdings Limited

F R Evans (Leeds) Limited

White Rose Property Investments No.2 Limited

Evans Management Limited

Evans of Leeds Limited

Evans Homes (Tockwith) Limited

Fradley Park Industrial Limited

Evans Dakota Hotels Limited

Dakota Hospitality Limited

Hungate (York) Retail Limited

Duchy Homes (Micklefield) Limited

Templegate Developments Limited

Cala Evans Restoration Limited

Springhead Developments No.1 Limited

Fradley Properties Ltd

East Quayside Management Limited

Hungate Estate Management Company Limited

Historical directorships from previous 5 years

West End Sports and Corporate Travel Limited

Sterling Travel Management Limited

Forth Bridges Business Park Developments Limited

Evans Regeneration Investments Limited

Astra House Limited

Evans (Ashford) Limited

Evans Ashford Investments Limited

Citygate Developments No.2 Limited

Volbay Investments Limited

Millshaw No.3 Limited

Fradley District Centre Limited

York Business Park Developments Limited

Millshaw Investments Limited

Evans Residential Holdings Limited

Quartz Point Limited

Evans Carbon Developments Limited

Airebank Developments Limited

Dakota Hotel (Eurocentral) Limited

Dakota Forth Bridge Limited

Eurocentral Hotels Limited

Evans Homes Limited (03890833)

Evans Easyspace (Chester) Limited

Springswood Limited

House Manor Management Limited

 

Metals Exploration plc shareholding

7,820,928 Ordinary Shares

 

There is no further information to be disclosed in relation to the directorate appointments pursuant to AIM Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

 

 

 

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