Buy Back of Ordinary Shares & Total Voting Rights
2 September 2024
METALS EXPLORATION PLC
Buy Back of Ordinary Shares and Total Voting Rights
Metals Exploration plc (AIM: MTL) ("Metals Exploration", or the "Company"), a gold producer in the Philippines, is pleased to announce that, further to its announcement of 28 August 2024, the Company has completed the purchase into treasury of the first and second tranches of the ordinary shares held by, or on behalf of, Runruno Holdings Limited ("RHL"), being an aggregate of 298,576,651 ordinary shares for a consideration of approximately £14.9 million.
As a result, RHL's interest in the share capital of the Company has fallen to 94,936,651 ordinary shares (5.21% of the Company's voting share capital) and, accordingly, the relationship agreement between the Company and RHL dated 24 October 2020 has terminated.
Total Voting Rights
The Company has 2,121,729,717 Ordinary Shares in issue, of which 298,576,651 Ordinary Shares are held in treasury. Accordingly, the total number of voting rights is 1,823,153,066. 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.
For further information, please contact or visit:
Metals Exploration PLC |
|
Via Tavistock Communications Limited | +44 (0) 207 920 3150 |
|
|
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: | TAVISTOCK COMMUNICATIONS LIMITED |
Jos Simson, Nick Elwes | +44 (0) 207 920 3150 |
Web: www.metalsexploration.com
X: @MTLexploration
LinkedIn: Metals Exploration
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.