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11 Feb 2025 07:00
11 February 2025
METALS EXPLORATION PLC
Director/PDMR Dealings
Metals Exploration plc (AIM: MTL) ("Metals Exploration" or the "Company"), a gold production, exploration, and development company with assets in the Philippines and Nicaragua, has been notified of the following transactions in ordinary shares of £0.0001 each in the capital of the Company ("Ordinary Shares").
A person closely associated ("PCA") with David Cather, Non-Executive Director of the Company, acquired 500,000 Ordinary Shares at an average price of 5.6p per share. Following the dealing, David Cather and his PCA have an interest in 7,100,000 Ordinary Shares, representing 0.28% of the Company's current total voting rights.
Candy Ventures S.a.r.l, which is majority owned by Nick Candy and a PCA with Steven Smith, Non-Executive Director of the Company, acquired 2,000,000 Ordinary Shares at an average price of 5.6p per share. Following the dealing, Nick Candy has an interest in 653,000,000 Ordinary Shares, comprising: Candy Investments S.a.r.l with 650,000,000 Ordinary Shares, Candy Ventures S.a.r.l with 2,000,000 Ordinary Shares, and MTL (Luxembourg) S.a.r.l with 1,000,000 Ordinary Shares, in aggregate representing 25.52% of the Company's current total voting rights. Candy Investments S.a.r.l, Candy Ventures S.a.r.l and MTL (Luxembourg) S.a.r.l are each wholly owned by Nick Candy, save for Candy Ventures S.a.r.l, in which he holds a 90% interest, with Steven Smith owning 10%.
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.
For further information, please contact or visit:
Metals Exploration PLC |
|
Via BlytheRay | +44 (0) 207 138 3204 |
Nominated & Financial Adviser: | STRAND HANSON LIMITED |
James Spinney, James Dance, Rob Patrick | +44 (0) 207 409 3494 |
Broker: | HANNAM & PARTNERS |
Matt Hasson, Franck Nganou | +44 (0) 207 907 8500 |
Public Relations: | BLYTHERAY |
Megan Ray, Said Izagaren | +44 (0) 207 138 3204 |
Web: www.metalsexploration.com
X: @MTLexploration
LinkedIn: Metals Exploration
PDMR Notification Forms
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Sarah Cather | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | PCA of David Cather, Non-Executive Director | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | METALS EXPLORATION PLC | ||||||
b) | LEI | 2138006CFXWG2OPRV987 | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||||
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 | Acquisition 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 | 7 February 2025 | ||||||
f) | Place of the transaction | AIM | ||||||
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Candy Ventures S.a.r.l | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | PCA of Steven Smith, Non-Executive Director | ||||||
b) | Initial notification/amendment | Initial notification | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | METALS EXPLORATION PLC | ||||||
b) | LEI | 2138006CFXWG2OPRV987 | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv)each place where transactions have been conducted | |||||||
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 | Acquisition 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 | 6 and 7 February 2025 | ||||||
f) | Place of the transaction | AIM | ||||||
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