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Metals Exploration PLC Reorganizes Shareholding Structure to Support Acquisition
Company Announcements

Metals Exploration PLC Reorganizes Shareholding Structure to Support Acquisition

Story Highlights
  • Metals Exploration PLC’s largest shareholder transferred 650 million shares to Candy Investments without altering ownership.
  • The reorganization supports Metals Exploration’s offer to acquire Condor Gold with new stakeholder agreements.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

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An announcement from Metals Exploration ( (GB:MTL) ) is now available.

Metals Exploration PLC announced a shareholding reorganization involving their largest shareholder, MTL Lux, transferring 650 million shares to Candy Investments, both owned by Nick Candy. This transfer does not alter the beneficial ownership. The changes facilitate the company’s recommended offer to acquire Condor Gold plc and include new agreements to manage stakeholder relationships and governance.

More about Metals Exploration

Metals Exploration PLC is a gold producer based in the Philippines, focusing on gold mining operations.

YTD Price Performance: 98.08%

Average Trading Volume: 2,399,511

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £89M

See more data about MTL stock on TipRanks’ Stock Analysis page.

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