European Metals Holdings Limited Grant of options (4429F)

TIDMEMH

RNS Number : 4429F

European Metals Holdings Limited

17 May 2017

For immediate release

17 May 2017

EUROPEAN METALS HOLDINGS LIMITED

Grant of options

European Metals Holdings Limited ("European Metals" or "the Company") (ASX and AIM: EMH), advises the following issue of the following unlisted options:

(i) 500,000 unlisted options, (28 cents exercise price) expiring on 20 April 2018 to independent consultants, as per their individual consultancy agreements; and

(ii) 400,000 Unlisted Options, (58 cents exercise price) expiring on 3 January 2020 to Richard Pavlik, the General Manager in the Czech Republic, as per his contract of employment. The exercise price was determined in his contract of employment as the volume weighted average price for the 5 day period prior to the commencement of his employment on 3 January 2017. 250,000 Options will vest at the completion of the Definitive Feasibility Study and 150,000 Options will vest 12 months thereafter.

ENQUIRIES:

 
 European Metals Holdings            Tel: [phone] 
  Limited                             333 
  Keith Coughlan, Chief               Email: [e-mail] 
  Executive Officer                   Tel: [phone] 
  Kiran Morzaria, Non-Executive       0647 
  Director                            Tel: [phone] 
  Julia Beckett, Company              Email: [e-mail] 
  Secretary 
 Beaumont Cornish (Nomad            Tel: [phone] 
  & Broker)                          3396 
  Michael Cornish                    Email: [e-mail] 
  Roland Cornish 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                      Richard Pavlik 
---  ------------------------  -------------------------------- 
 2    Reason for notification 
---  ---------------------------------------------------------- 
 a)   Position / status         General Manager, Czech Republic 
---  ------------------------  -------------------------------- 
 b)   Initial notification      Initial 
       /Amendment 
---  ------------------------  -------------------------------- 
 3    Details of the issuer, emission allowance 
       market participant, auction platform, auctioneer 
       or auction monitor 
---  ---------------------------------------------------------- 
 a)   Name                      European Metals Holdings 
                                 Limited 
---  ------------------------  -------------------------------- 
 b)   LEI                       213800NZKFBQAMMLXC39 
---  ------------------------  -------------------------------- 
 4    Details of the transaction(s): section 
       to be repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------------------- 
 a)   Description of            Ordinary shares of no par 
       the financial             value in European Metals 
       instrument, type          Holdings Limited 
       of instrument             ISIN VGG3191T1021 
       Identification 
       code 
---  ------------------------  -------------------------------- 
      Nature of the             Issue of options over Ordinary 
       transaction               Shares 
---  ------------------------  -------------------------------- 
      Price(s) and                Price(s)    Volumes(s) 
       volumes(s)                 ----------  ----------- 
                                   A$0.58      400,000 
                                  ----------  ----------- 
---  ------------------------  -------------------------------- 
 d)   Aggregated information    n/a 
---  ------------------------  -------------------------------- 
 e)   Date of the transaction   17 May 2017 
---  ------------------------  -------------------------------- 
 f)   Place of the              Outside a trading venue 
       transaction 
---  ------------------------  -------------------------------- 
 

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBDGDUBSBBGRR

(END) Dow Jones Newswires

May 17, 2017 08:43 ET (12:43 GMT)