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:
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Metals Exploration PLC
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Via Tavistock Communications
Limited
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+44 (0) 207 920 3150
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Nominated & Financial Adviser:
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STRAND HANSON LIMITED
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James Spinney, James Dance, Rob
Patrick
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+44 (0) 207 409 3494
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Broker:
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HANNAM & PARTNERS
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Matt Hasson, Franck
Nganou
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+44 (0) 207 907 8500
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Public Relations:
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TAVISTOCK COMMUNICATIONS LIMITED
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Jos Simson, Nick Elwes
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+44 (0) 207 920 3150
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Web:
www.metalsexploration.com
X:
@MTLexploration
LinkedIn: Metals
Exploration