Exercise of Options and Total Voting Rights

In brief · summary, not quotable

Metals Exploration PLC has announced the exercise of options for 14,473,500 new ordinary shares, raising £643,347 at an average price of £0.0445 per share. These new shares are expected to be admitted to AIM on or around February 24, 2026. Following this, the company will have 3,273,720,868 ordinary shares in issue, with 2,974,335,410 total voting rights, which shareholders can use for disclosure notification calculations.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your MTL notes

Metals Exploration PLC (AIM: MTL) ("Metals Exploration" or the "Company"), a gold producer, development and exploration company with assets in the Philippines and Nicaragua, announces that it has received notices of exercise of options in respect of 14,473,500 new ordinary shares of £0.0001 each ("Ordinary Shares") with an average exercise price of £0.0445 each raising a total of £643,347.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange PLC for the admission of 14,473,500 new Ordinary Shares to trading on AIM ("Admission"), which is expected to take place at 8.00 a.m. on or around 24 February 2026.

Following Admission, the Company will have 3,273,720,868 Ordinary Shares in issue, of which 299,385,458 Ordinary Shares are held in treasury, and, accordingly, the total number of voting rights is 2,974,335,410. 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.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.