National Storage Mechanism | Additional information

RNS Number : 3969E

Metals Exploration PLC

03 November 2015

For filings with the FCA include the annex
For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ⁱⁱ		Metals Exploration Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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			Yes
Other (please specify):
3. Full name of person(s) subject to the notification obligation: ⁱⁱⁱ	Ruffer LLP (for its discretionary clients of the Ruffer Group)
4. Full name of shareholder(s) (if different from 3.):^iv
5. Date of the transaction and date on which the threshold is crossed or reached: ^v	02 November 2015
6. Date on which issuer notified:	03 November 2015
7. Threshold(s) that is/are crossed or reached: ^{vi, vii}	13.56% to 12.70%

8. Notified details:

A: Voting rights attached to shares ^{viii, ix}

Class/type of
shares

if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights ^x

Direct

Direct ^xi

Indirect ^xii

Direct

Indirect

GB00B0394F60

201,030,373

12.70%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date ^xiii

Exercise/
Conversion Period ^xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments ^{xv, xvi}

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date ^xvii

Exercise/
Conversion period ^xviii

Number of voting rights instrument refers to

% of voting rights ^{xix, xx}

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

201,030,373

12.70%

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:

13. Additional information:

Ruffer LLP controls the voting rights over 201,030,373 shares (now 12.70% 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 13.56% to 12.70% is due to a recent Open Offer which resulted in the issue of 99,999,988 new Ordinary Shares. The new shares were admitted to the market on 02 November 2015. The total number of voting rights in Metals Exploration Plc is now 1,583,005,345.

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

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