Holding(s) in Company
Nicholas Candy, through various entities including Candy Investments S.à r.l., has reduced his aggregate holding in Metals Exploration plc from 21.87% to 19.22%, representing 587,900,000 ordinary shares. This reduction occurred following the disposal of 65,100,000 ordinary shares by Candy Investments S.à r.l. for a cash consideration of £8,137,500, which crossed below the 21% and 20% thresholds. The total number of voting rights in issue is 3,058,497,726.
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| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : | Metals Exploration plc (LEI: 2138006CFXWG2OPRV987) |
- Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
- Reason for the notification (please mark the appropriate box or boxes with an "X")
| An acquisition or disposal of voting rights | X |
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii :
Details of person subject to the notification obligation iv
| Name | Nicholas Candy |
City and country of registered office (if applicable)
Full name of shareholder(s) (if different from 3.) v
| Name | Candy Investments S.à r.l.; MTL Investments S.à r.l.; Candy Ventures S.à r.l.; MTL (Luxembourg) S.à r.l. |
| City and country of registered office (if applicable) | |
| 5. Date on which the threshold was crossed or reached vi : | 4 August 2026 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 30 July 2026 |
- Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer (8.A + 8.B) vii | |
|---|---|---|---|---|
| Resulting situation on the date on which threshold was crossed or reached | 19.22% | n/a | 19.22% | 587,900,000 |
| Position of previous notification (if applicable) | 21.87% | n/a | 21.87% | |
| A: Voting rights attached to shares | ||||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |
| 587,900,000 | 19.22% | |||
| SUBTOTAL 8. A | 587,900,000 | 19.22% | ||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period xi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights |
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
| Type of financial instrument | Expiration date x | Exercise/ Conversion Period xi | Physical or cash Settlement xii | Number of voting rights | % of voting rights |
|---|---|---|---|---|---|
| SUBTOTAL 8.B.2 | |||||
| Name xv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | ||
| Nicholas Candy | 19.22% | n/a | 19.22% | ||
| Candy Investments S.à r.l. | 14.51% | n/a | 14.51% | ||
| MTL Investments S.à r.l. | 4.61% | n/a | 4.61% | ||
| Candy Ventures S.à r.l. | 0.07% | n/a | 0.07% | ||
| MTL (Luxembourg) S.à r.l. | 0.03% | n/a | 0.03% | ||
| 10. In case of proxy voting, please identify: | |||||
| Name of the proxy holder | n/a | ||||
| The number and % of voting rights held | n/a | ||||
| The date until which the voting rights will be held | n/a | ||||
Additional information xvi
This notification is made following the disposal by Candy Investments S.à r.l. of 65,100,000 ordinary shares in the issuer (approximately 2.18% of the issued share capital) pursuant to a share purchase agreement dated 29 July 2026 for a cash consideration of £8,137,500 payable on deferred terms, reducing the aggregate holding of the person named in box 3 from 653,000,000 ordinary shares (21.87%) to 587,900,000 ordinary shares (19.22%), thereby crossing below the 21% and 20% thresholds. Total voting rights in issue: 3,058,497,726
| Place of completion | London / Luxembourg |
| Date of completion | 4 August 2026 |
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