Exercise of Warrants and Total Voting Rights
Metals Exploration PLC announced the exercise of an option for 868,410 new ordinary shares at £0.0829 each, raising £71,991. A Non-Executive Director, Andrew Chubb, purchased 331,453 ordinary shares at £0.149 per share. Following this transaction, Chubb holds 4,996,354 ordinary shares, representing 0.17% of the company's total voting rights. Application has been made for admission of the 868,410 new ordinary shares to trading on AIM, expected around October 23, 2025. Post-admission, the company will have 3,227,295,251 ordinary shares in issue, with 2,927,909,793 total voting rights after deducting treasury shares.
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Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer, exploration, and development company with assets in the Philippines and Nicaragua, announces that it has received notice of exercise of an option in respect of 868,410 new ordinary shares of £0.0001 each ("Ordinary Shares") with an exercise price of £0.0829 each, raising £71,991. The Company also announces that it has been notified of the purchase of the Company's Ordinary Shares by Andrew Chubb, Non-Executive Director of the Company.
Director / PDMR dealing
Andrew Chubb purchased 331,453 Ordinary Shares at a price of £0.149 per Ordinary Share. Following the dealing, Andrew Chubb has interest in 4,996,354 Ordinary Shares, representing 0.17% of the Company's total voting rights.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission of 868,410 new Ordinary Shares to trading on AIM ("Admission"), which is expected to take place at 8.00 a.m. on or around 23 October 2025.
Following Admission, the Company will have 3,227,295,251 Ordinary Shares in issue, of which 299,385,458 Ordinary Shares are held in treasury, and, accordingly, the total number of voting rights is 2,927,909,793. 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.
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.
| 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 | Purchase of Ordinary Shares | ||||
| c) | Price(s) and volume(s) |
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| d) | Aggregated information Aggregated volume Price |
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| e) | Date of the transaction | 17 October 2025 | ||||
| f) | Place of the transaction | AIM |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.