Drachs Investments No3 Limited increases stake in Metals Exploration

Published 09/07/2025, 17:18
Drachs Investments No3 Limited increases stake in Metals Exploration

LONDON - Drachs Investments No3 Limited has increased its shareholding in Metals Exploration plc to 20.37% of voting rights, according to a regulatory filing released Wednesday.

The Jersey-based investment company now holds 594,465,701 shares in the mining firm, up from its previous position of 19.65%. The threshold was crossed on July 7, with the issuer notified on July 9.

The transaction represents an acquisition of voting rights through direct ownership, with no financial instruments involved in the holding. The notification was made in accordance with the FCA’s TR-1 standard form for major holdings disclosure.

Drachs Investments No3 Limited is identified as the ultimate controlling entity of the shares, based on the information provided in the regulatory filing.

Metals Exploration plc, listed on the London Stock Exchange (LON:LSEG), made the announcement through a Regulatory News Service (RNS) statement. The filing did not disclose the purpose behind the increased stake or any strategic intentions related to the investment.

The disclosure follows standard regulatory requirements that mandate shareholders to report when their holdings cross certain thresholds in publicly traded companies.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.