Award of EBT Shares & Grant of Options
Metals One Plc has awarded 21,022,549 ordinary shares to Director Daniel Maling and 5,255,636 ordinary shares to Director Craig Moulton from its Employee Benefit Trust, following the achievement of Tranche 1 milestones under its Share Incentive Plan. Consequently, Daniel Maling now holds 35,081,751 shares (2.84% of issued capital) and Craig Moulton holds 5,392,336 shares (0.43% of issued capital). Additionally, 3,000,000 shares were awarded to other employees, bringing the EBT's total holding to 76,766,608 shares (6.22% of issued capital). The company also granted options over 15,000,000 ordinary shares to Non-Executive Directors and consultants at an exercise price of 2 pence per share, exercisable over three years.
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Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project developer and investor with a focus on gold and uranium, announces that, pursuant to the achievement of the milestones set out under Tranche 1 of the Share Incentive Plan approved by shareholders on 30 January 2026 (being the successful implementation of the Company's project diversification strategy and the completion of an equity financing at a price of not less than 2 pence per share as announced on 16 February 2026), Daniel Maling and Craig Moulton, being directors of the Company, have been awarded 21,022,549 and 5,255,636 Ordinary Shares, respectively, from the Metals One Plc Employee Benefit Trust established in January 2024 (the "EBT").
Daniel Maling now holds 35,081,751 ordinary shares in the Company (representing 2.84% of the issued share capital) and Craig Moulton now holds 5,392,336 ordinary shares in the Company (representing 0.43% of the issued share capital).
In addition, a further 3,000,000 Ordinary Shares have been awarded from the EBT to employees, in accordance with the Company's Share Incentive Scheme, for individual performance milestones achieved.
The EBT is now interested in a total of 76,766,608 ordinary shares in the Company, representing 6.22% of the issued share capital.
Grant of Options
The Board has today granted options over a total of 15,000,000 Ordinary Shares to Non-Executive Directors and consultants to the Company, with an exercise price of 2 pence per share (the "Options") as detailed below.
| Director | Number of Options |
|---|---|
| Alex King | 5,000,000 |
| Fungai Ndoro | 5,000,000 |
| Consultants | 5,000,000 |
The Options will expire three years from the date of grant. The Options will vest in two equal tranches, the first being immediate and the second being on the first anniversary of the date of grant. The Options have been granted outside of any formal share option scheme and are not transferable and will lapse should the recipient leave the Company prior to vesting.
Map of Metals One projects/investments
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Nominated Adviser
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Daniel Maling 2. Craig Moulton |
| 2. | Reason for the Notification | |
| a) | Position/status | 1. Managing Director 2. Executive Chairman |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Metals One Plc |
| b) | LEI | 213800WGPHJ5MC5QLJ19 |
| a) | Description of the Financial instrument, type of instrument | Ordinary Shares |
| Identification Code | GB00BSY1D385 | |
| b) | Nature of the transaction | Transfer of EBT shares |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. Nil 21,022,549 2. Nil 5,255,636 |
| d) | Aggregated information: · Aggregated volume · Price | Price(s) Volume(s) 1. Nil 21,022,549 2. Nil 5,255,636 |
| e) | Date of the transaction | 3 July 2026 |
| f) | Place of the Transaction | Off market |
| 1. | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Alex King 2. Fungai Ndoro |
| 2. | Reason for the Notification | |
| a) | Position/status | 1. Non-Executive Director 2. Non-Executive Director |
| b) | Initial notification / Amendment | Initial notification |
| a) | Name | Metals One Plc |
| b) | LEI | 213800WGPHJ5MC5QLJ19 |
| a) | Description of the Financial instrument, type of instrument | Share Options |
| Identification Code | GB00BSY1D385 | |
| b) | Nature of the transaction | Grant of Options |
| c) | Price(s) and volume(s) | Price(s) Volume(s) 1. 2 pence 5,000,000 2. 2 pence 5,000,000 |
| d) | Aggregated information: · Aggregated volume · Price | Price(s) Volume(s) 1. 2 pence 5,000,000 2. 2 pence 5,000,000 |
| e) | Date of the transaction | 3 July 2026 |
| f) | Place of the Transaction | Off market |
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