RNS Number : 2780K
Metals Exploration PLC
30 October 2024
 

30 October 2024

 

METALS EXPLORATION PLC

Director / PDMR Dealings

Significant Shareholding

Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer in the Philippines, has been notified of the sales of the Company's ordinary shares of £0.0001 each ("Ordinary Shares") by Mike Langoulant, Chief Financial Officer and a Person Discharging Managerial Responsibilities ("PDMR") of the Company, and Andrew Chubb, Non-Executive Director of the Company, the majority of which were purchased by an entity associated with the Company's second largest shareholder, Drachs Investments No 3 Limited ("Drachs").

Mike Langoulant sold 2,166,000 Ordinary Shares at an average price of £0.0652 per share and Andrew Chubb sold 2,500,000 Ordinary Shares at £0.0675 per share. The table below details Messrs Langoulant and Chubb's sales of Ordinary Shares and their resultant interests in the voting share capital of the Company:

Director/PDMR

Number of Ordinary Shares sold

 

Resulting number of Ordinary Shares held

% of voting share capital

Mike Langoulant

2,166,000

5,498,306

0.32

Andrew Chubb

2,500,000

4,100,000

0.24

 

The Company has been advised that an associate entity of Drachs has acquired 4,000,000 Ordinary Shares taking the total shareholding of Drachs and its associates to 321,532,143 Ordinary Shares, representing approximately 18.6% of the Company's voting share capital.

 

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation (as applied in UK law), provides further detail on the transaction.

 

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 Forms

 

1. 

Details of the person discharging managerial responsibilities / person closely associated 

a) 

Name 

Mike Langoulant

2. 

Reason for the Notification 

a) 

Position/status 

Chief Financial Officer (PDMR)

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 

Sale of Ordinary Shares

c) 

Price(s) and volume(s) 

Price(s) 

Volume(s) 

1.   £0.0675

1.   1,500,000

2.   £0.06004

2.   666,000

 

d) 

Aggregated information 

Aggregated volume Price 

Price 

Volume

£0.0652

2,166,000

 

e) 

Date of the transaction  

28 October 2024

f) 

Place of the transaction 

AIM

 

1. 

Details of the person discharging managerial responsibilities / person closely associated 

a) 

Name 

Andrew Chubb

2. 

Reason for the Notification 

a) 

Position/status 

Non-Executive 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 

Sale of Ordinary Shares

c) 

Price(s) and volume(s) 

Price(s) 

Volume(s) 

£0.0675

2,500,000

 

d) 

Aggregated information 

Aggregated volume Price 

N/A (Single transaction) 

e) 

Date of the transaction  

28 October 2024

f) 

Place of the transaction 

AIM

 

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