Major Shareholdings
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Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer in the Philippines, has been notified of the sale, at 6p per share, of 100 million ordinary shares of £0.0001 each ("Ordinary Shares") by MTL Luxembourg S.a.r.l. to existing shareholder, Drachs Investments No 3 Limited. The trade took place on 8 October 2024.
Following this transaction, the significant shareholdings of which the Company is aware are:
| Shareholder | Number of Ordinary shares | Percentage of Company's voting rights |
|---|---|---|
| MTL Luxembourg S.a.r.l. | 651,000,000 | 37.67% |
| Drachs Investments No3 Limited | 317,532,143 | 18.37% |
| Baker Steel Capital | 64,838,429 | 3.75% |
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