Business
Issue of EBT Shares, Share Incentive Plan & TVR
Metals One Plc announced the issuance of 100,000,000 new Ordinary shares to its Employee Benefit Trust (EBT) and the establishment of a long-term Share Incentive Plan for executive management, following shareholder approval. Additionally, 7,500,000 Ordinary shares will be awarded from the EBT to Jonathan Owen and Daniel Maling, intended to align their holdings with the IPO's original percentage. The Share Incentive Plan, to be satisfied by EBT shares, includes vesting conditions over three years tied to project diversification, equity financing of at least 2 pence per share, and market capitalization growth of 50% by the end of 2026 and 2027. Following these transactions, the EBT will hold 105,112,743 Ordinary shares, representing approximately 9.06% of the issued share capital. Admission of the new shares to AIM is expected on 23 February 2026, bringing the total issued share capital to 1,159,946,460 Ordinary shares. Disclaimer*
About this update from Metals One Plc
[{"type":"text","content":"\n\n\n \n16 February 2026\n \nMetals One Plc\n(\"Metals One\" or the \"Company\")\n \nIssue of EBT Shares, Share Incentive Plan & TVR\n \nMetals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals project developer and investor, announces that, further to shareholder approval granted at the General Meeting held on 30 January 2026 (\"GM\"), the Company is issuing 100,000,000 new Ordinary shares to the Metals One Plc Employee Benefit Trust established in January 2024 (the \"EBT\").\n \nMetals One also announces the establishment of a long-term Share Incentive Plan for executive management.\n \nAward of Historical EBT Shares\n \nPursuant to historical milestones in relation to the 2023 IPO of the Company and implementation of certain Company strategic objectives, the EBT will award 7,500,000 Ordinary shares to each of Jonathan Owen, the Company's former Chief Executive Officer, and Daniel Maling, the Company's current Managing Director. These awards will be satisfied from shares already held in the EBT and are intended to align the recipients' shareholdings proportionately with the original percentage of issued share capital set out in the Admission Document at the time of the IPO, taking into account dilution since listing. In determining the award, the Remuneration Committee gave significant weight to the substantial work undertaken by the two recipients since the IPO, including their contributions to the Company's strategic development, operational execution and delivery against key objectives during the period.\n \nShare Incentive Plan\n \nOn 30 January 2026, shareholders approved the issue of the 100,000,000 Ordinary Shares to the EBT. The Remuneration Committee and subsequently the Board have now approved the structure and performance conditions of the long-term Share Incentive Plan for executive management to be satisfied using shares held by the Company's EBT going forward. The Board believes that the Share Incentive Plan aligns management and employee incentives with long-term shareholder value creation and provides reasonable commercial protections for the Company and its shareholders as a whole.\n \nFollowing the issue of the 100,000,000 Ordinary shares, and after deducting the awards granted to Mr Owen and Mr Maling detailed above, the EBT will hold a ...