Exercise of Options and Total Voting Rights
Metals Exploration plc has announced the exercise of warrants and options resulting in the issuance of 13,257,880 new ordinary shares. These exercises include 100,000 shares from warrants at £0.0605 each and 13,157,880 shares from options at an average price of £0.00358. Following the admission of these new shares to AIM, expected around October 6, 2026, the company's total voting rights will be 3,073,724,002, a figure shareholders can use for disclosure calculations.
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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 notices of exercise in respect of, in aggregate, 13,257,880 new ordinary shares of £0.0001 each ("Ordinary Shares") in relation to: (i) warrants over 100,000 new Ordinary Shares, with an exercise price of £0.0605 each; and (ii) options over 13,157,880 new Ordinary Shares with an average exercise price of £0.00358 each.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange plc for the admission of 13,257,880 new Ordinary Shares to trading on AIM ("Admission"), which is expected to take place at 8.00 a.m. on or around 6 October 2026.
Following Admission, the Company will have 3,373,109,460 Ordinary Shares in issue, of which 299,385,458 Ordinary Shares are held in treasury, and, accordingly, the total number of voting rights is 3,073,724,002. 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.