Metals Exploration Sees Key Shareholder Transactions

Metals Exploration (GB:MTL) has released an update.

Metals Exploration PLC, a gold producer in the Philippines, reported significant share sales by key company figures, including CFO Mike Langoulant and Non-Executive Director Andrew Chubb. The shares were primarily purchased by an entity linked to the company’s second-largest shareholder, Drachs Investments No 3 Limited, which now holds about 18.6% of the company’s voting share capital. This transaction highlights the dynamic nature of shareholding in the company, potentially impacting investor sentiment.

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