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MTL Metals Exploration Plc

4.50
0.15 (3.45%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Metals Exploration Plc LSE:MTL London Ordinary Share GB00B0394F60 ORD GBP0.0001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.15 3.45% 4.50 4.40 4.60 4.50 4.30 4.35 2,335,579 15:34:40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 124.41M 8.75M 0.0042 10.71 94.32M

Metals Exploration PLC Holding(s) in Company (3076R)

08/12/2016 8:12am

UK Regulatory


TIDMMTL

RNS Number : 3076R

Metals Exploration PLC

08 December 2016

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
----------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or                                                  Metals Exploration Plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  -------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
----------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                       Yes 
-----------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-----------------------------------------------------------------  ---------------------------------- 
 An acquisition or disposal of instruments with 
  similar economic effect to qualifying financial 
  instruments 
-----------------------------------------------------------------  ---------------------------------- 
 An event changing the breakdown of voting rights 
-----------------------------------------------------------------  ---------------------------------- 
 Other (please 
  specify): 
-------------------------------------------------------  --------  ---------------------------------- 
 3. Full name of person(s)                                          Ruffer LLP (for its discretionary 
  subject to the                                                         clients of the Ruffer Group) 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction                                                          29 November 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer                                                             30 November 2016 
  notified: 
---------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are                                                          10.06% to 9.98% 
  crossed or 
  reached: (vi, vii) 
---------------------------------------------------------  ------------------------------------------ 
 
 
 
 8. Notified details: 
-------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
-------------------------------------------------------------------------------------------------------------------------- 
 Class/type      Situation previous                  Resulting situation after the 
  of              to the triggering                   triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  ----------------------------------  ---------------------------------------------------------------------- 
                 Number            Number            Number          Number of                    % of voting 
                  of                of                of shares       voting                       rights (x) 
                  Shares            Voting                            rights 
                                    Rights 
--------------  ----------------  ----------------  --------------  ---------------------------  ------------------------- 
                                                     Direct          Direct          Indirect     Direct        Indirect 
                                                                      (xi)            (xii) 
--------------      ------------    ------------    --------------  --------------  -----------  ------------  ----------- 
 
 
 
  GB00B0394F60   208,278,216       208,278,216       206,778,216     206,778,216     -            9.98%         - 
                ----------------  ----------------  --------------  --------------  -----------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration      Exercise/                         Number of voting               % of voting 
  instrument          date            Conversion                        rights that                    rights 
                      (xiii)          Period (xiv)                      may be 
                                                                        acquired if 
                                                                        the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
------------------  --------------  --------------------------------  -----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of           Exercise        Expiration      Exercise/         Number of voting               % of voting 
 financial          price          date            Conversion         rights instrument              rights (xix, 
 instrument                        (xvii)          period             refers to                      xx) 
                                                   (xviii) 
----------------  --------------  --------------  ----------------  -----------------------------  ----------------------- 
                                                                                                    Nominal       Delta 
----------------  --------------  --------------  ----------------  -----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  -------------------------------------------------------------------- 
 206,778,216                                           9.98% 
----------------------------------------------------  -------------------------------------------------------------------- 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                                                                         N/A 
----------------------------------------------------------------------------------  -------------------------------------- 
 11. Number of voting rights proxy 
  holder will cease 
  to hold: 
----------------------------------------------------------------------------------  -------------------------------------- 
 12. Date on which proxy holder will 
  cease to hold 
  voting rights: 
----------------------------------------------------------------------------------  -------------------------------------- 
 
                                                       Ruffer LLP now controls the 
  13. Additional information:                           voting rights over 206,778,216 
                                                        shares (9.98% of the voting 
                                                        rights) of Metals Exploration 
                                                        Plc, which are held by the 
                                                        discretionary clients of 
                                                        Ruffer LLP and its subsidiaries 
                                                        (the voting of which is all 
                                                        controlled by Ruffer LLP). 
                                                        This change from 10.06% to 
                                                        9.98% is due to the sale 
                                                        of 1,500,000 shares on 29 
                                                        November 2016. 
----------------------------------------------------  -------------------------------------------------------------------- 
 14. Contact name:                                                                                          Louise Stanway 
----------------------------------------------------  -------------------------------------------------------------------- 
 15. Contact telephone number:                                                                               020 7963 8146 
----------------------------------------------------  -------------------------------------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 08, 2016 03:12 ET (08:12 GMT)

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