Metlen Energy & Metals PLC (MTLN), the Greek-headquartered integrated energy and metals group listed in London, has disclosed the repurchase of 45,000 of its own ordinary shares between 2 and 6 November 2026 through broker Piraeus Securities S.A. on Euronext Athens. The buyback forms part of the share repurchase programme the company announced on 23 June 2026. All repurchased shares will be transferred to treasury, reducing the total voting rights in the company to 142,125,770.

Key Points

  • Metlen Energy & Metals PLC (MTLN) — Greek-headquartered energy and metals group
  • 45,000 ordinary shares repurchased on Euronext Athens between 2 and 6 November 2026 under the programme announced on 23 June 2026
  • Prices ranged from a low of €47.38 to a high of €48.68 per share; all shares move to treasury with no voting rights attached
  • Investors should monitor the total treasury share count, now at 1,300,474, as the buyback programme continues

MTLN's Three-Day Repurchase Activity Across Euronext Athens in November 2026

The announcement details purchases across three separate trading sessions. On 2 November 2026, Metlen repurchased 5,000 shares at a volume-weighted average price (VWAP) of €48.0528, with prices ranging between €47.80 and €48.12. On 4 November 2026, the largest single-day tranche of 30,000 shares was acquired at a VWAP of €48.6301, within a narrow band of €48.60 to €48.68. On 5 November 2026, a further 10,000 shares were bought at a VWAP of €47.4000, with prices of €47.38 to €47.40, completing the week's disclosed activity.

Treasury Share Position and Updated Voting Rights Following the Buyback

Following the three transactions, Metlen's total issued share capital stands at 143,426,244 ordinary shares of €1.00 each. Of these, 1,300,474 shares are now held in treasury and carry no voting rights. This leaves a total of 142,125,770 voting shares in circulation. Under the FCA's Disclosure Guidance and Transparency Rules, the company confirms that 142,125,770 is the correct denominator figure that market participants should use when calculating whether they are required to notify a change in their interest in the company.

Metlen's Ongoing Share Buyback Programme Launched in June 2026

Metlen Energy & Metals is an integrated Greek conglomerate with operations spanning electricity generation, natural gas supply, and aluminium and metals production. The share buyback programme under which these purchases were made was originally announced on 23 June 2026. The repurchases are executed through Piraeus Securities S.A. on Euronext Athens, the company's primary trading venue for this programme. Investors may be watching the pace and scale of purchases as an indicator of how management views current valuation levels, though the company made no forward-looking statements in this disclosure.