Metals Exploration director buys company shares

Published 22/05/2025, 14:38
Metals Exploration director buys company shares

LONDON - Metals Exploration PLC (AIM:MTL), a gold production and development company, disclosed that Rob Marshall, a Non-Executive Director, and a person closely associated with him have acquired additional shares in the company. The transactions, which took place on May 21 and May 22, 2025, involved the purchase of 307,314 and 520,000 ordinary shares at prices of £0.0766 and £0.0765 per share, respectively.

Following these purchases, Rob Marshall and his associated person now hold a combined total of 8,648,242 ordinary shares. This stake represents approximately 1.04% of the total voting rights in Metals Exploration. The company has assets located in the Philippines and Nicaragua and is listed on the AIM market of the London Stock Exchange (LON:LSEG).

The transactions were conducted in accordance with the EU Market Abuse Regulation as it applies in UK law, ensuring transparency of the dealings by persons discharging managerial responsibilities.

The announcement from Metals Exploration did not provide commentary on the rationale behind the share purchases or the director’s views on the company’s future prospects. Instead, it offered the factual details of the transaction as required for regulatory compliance.

Investors often monitor the buying and selling of shares by company directors as it can indicate their confidence in the company’s future performance. However, the news release did not suggest any specific trends or wider implications for the industry.

This report is based on a press release statement from Metals Exploration PLC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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