Exercise of Options, PDMR Dealing and TVR

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	[phone]
Nominated & Financial Adviser:	STRAND HANSON LIMITED
James Spinney, James Dance, Rob Patrick	[phone]
Financial Adviser & Broker:	HANNAM & PARTNERS
Matt Hasson, Franck Nganou	[phone]
Public Relations:	TAVISTOCK COMMUNICATIONS LIMITED
Jos Simson, Nick Elwes	[phone]

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

 

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