Director/PDMR Shareholding
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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 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.
| a) | Name | METALS EXPLORATION PLC | ||||
| b) | LEI | 2138006CFXWG2OPRV987 | ||||
| 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 |
| ||||
| 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 | ||||
| a) | Name | METALS EXPLORATION PLC | ||||
| b) | LEI | 2138006CFXWG2OPRV987 | ||||
| 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) |
| ||||
| 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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